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Mumbai, Oct 9 Birla Sun Life Insurance has received capital infusion of Rs 100 crore from its promoters taking it to a total of Rs 877 crore.

“This has been done to meet the company’s plans on capital expenditure and to conform to the solvency margin requirements as stipulated by the Insurance Regulatory and Development Authority,” said a press release.“We are expecting to grow our branch strength with additional branches planned in Tier II and Tier III towns across India. Simultaneously, our technology platforms are being upgraded to support growth” said Mr Vikram Mehmi, President & CEO, Birla Sun Life Insurance.

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