ING Vysya life insurance has decided to make capital infusion of about Rs 600 crore by the end of next year to fund its expansion plan. ING Vysya will be hiking its paid-up capital by Rs 100 crore in the Jan-March quarter and by the end of 2009 it would go up to Rs 1,380 crore. At present, the company is capitalised at Rs 790 crore and it would go up to Rs 900 crore by March. The capital infusion would take care of solvency ratio arising out of new business that the company intends to achieve during the year.
During the year, the company would more than double its customer base by adding six lakh customers to 11.5 lakh. In the last six years of its operation, the company has been able to rope in 5.5 lakh customers. Bangalore-based company, which has market share of 1.2 per cent, expects the share to go up to 1.7 per cent by the end of 2008. By 2010, it expects to garner market share of three per cent
During the year, the company would more than double its customer base by adding six lakh customers to 11.5 lakh. In the last six years of its operation, the company has been able to rope in 5.5 lakh customers. Bangalore-based company, which has market share of 1.2 per cent, expects the share to go up to 1.7 per cent by the end of 2008. By 2010, it expects to garner market share of three per cent
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