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Birla Sun Life raises capital

Birla Sun Life Insurance Company Ltd. had a capital base of Rs. 877 crore and increased it by Rs.123 crore. IRDA had levied certain norms for the solvency margin requirements.

Apnainsurance.com Research Bureau

10 Dec 2007

Birla Sun Life Insurance Company Ltd. had a capital base of Rs. 877 crore and increased it by Rs.123 crore.

The Insurance Regulatory and Development Authority (IRDA) had levied certain norms for the solvency margin requirements. The increase in capital by Birla Sun Life will answer the margin requirements also.

The increase in capital was to meet the capital expenditure and expansion strategies.



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