Birla Sun Life to infuse capital in 2 yrs

Kolkata, Sept 20 (UNI) Birla Sun Life Insurance would infuse around Rs 150-200 crore capital over the next two years, S K Mitra, director, financial services, Aditya Birla Group, said today.

The company's present capital base stands at Rs 520 crore, he told reporters here.

The company is targetting Rs 2,500 crore premium income during the year over Rs 1200 crore in the last year. The premium income includes the renewals, he said.

The company is targetting first premium income of Rs 1800 crore against Rs 628 crore in 2005-06, Mitra said.

The company is trying to expand in tier II and III cities.

"We will also appoint 29,000 additional life advisors taking the total number of such advisors to 50,000 in the near future," he said.

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