Business Daily from THE HINDU group of publications
Friday, Feb 01, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Feb 01, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Life Insurance Aviva ups capital base by Rs 246 cr New Delhi, Jan. 31 Aviva Life Insurance announced that it has increased its capital base by Rs 246.3 crore, taking the total paid-up capital to Rs 1,004.5 crore. According to the company, the fresh capital infusion is to fuel growth plans for the 2008. "Aviva has a long-term commitment to India and the additional capital infusion of Rs 246.3 crore will allow us to execute our growth plans for 2008," Mr Bert Paterson, Chief Executive Officer and Managing Director, Aviva India, said. He added that the additional capital will be used to further strengthen the presence of the company across the country, to increase the financial planning adviser force, and to expand product portfolio. Aviva India currently has a presence in around 1,700 locations through 192 branches and close to 40 bancassurance partnerships. - Our Bureau More Stories on : Life Insurance
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