Chandigarh: Max New York Life Insurance will triple its capital base from present Rs 907 crore to Rs 2,600 crore in three years which will help funding its expansion programme. The company is, additionally, targeting new premium income of Rs 9,000 crore by 2011 compared with the current Rs 1,418 crore. The number of offices will be scaled up from 233 to 533 in 400 cities and insurance advisors will go up from 30,500 to 2 lakh by 2011. The company has also announced a foray into health insurance business.
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