Aviva Life Insurance raises capital base to Rs 758.2cr

New Delhi, Jan 19 (UNI) Aviva Life Insurance today increased its capital base by Rs 199.1 crore to Rs 758.2 crore to expand its operation and plans to increase its branches to 192 locations across the country this year.

''The capital infusion of Rs 199.1 crore will help us expand our operations and launch new products in India and we plan to increase our branches to 192 locations across the country, and expand our sales force to 31,000 Financial Planning Advisers,'' Aviva India Managing Director Bert Paterson said.

Mr Paterson added that the company has ambitious plans for India and look forward to an increase in FDI to 49 per cent this year.

Aviva Life Insurance is a joint venture between Dabur and Aviva, in which Aviva holds a 26 per cent stake and the remaining by Dabur.

UNI