Birla Sun Life Extends Capital Base

Hyderabad: The promoters of Birla Sun Life Insurance have invested an additional capital of Rs 124.50 crore into the capital base to meet the capital expenditure plans, expansion of infrastructure and to conform to the solvency margin necessities as stipulated by the IRDA. With this, the total capital base of the firm will rise to Rs 1,224.50 crore. During 2007-08, the company had invested an additional capital of over Rs 550 crore in various tranches. The additional infusion is as per the IRDA norms and is in the ratio of 74:26 between the Aditya Birla Group and Sun Life Financial Inc respectively.

Birla Sun Life Mulls To Launch A Unit-Linked Health Insurance

Mumbai: Birla Sun Life Insurance to unveil a unit-linked health insurance plan by the first quarter of the next financial year. The Life Insurance Corporation of India was the first to unveil a unit-linked health insurance policy last week, followed by Reliance Life Insurance. Designing a unit-linked health insurance policy will increase the ticket size of the policy since the investment proportion of the premium will be significant in comparison to the health insurance premium. The health insurance market is valued at just around Rs 3,000 crore. The average ticket size of a policy has increased to Rs 39,000 from Rs 26,000 last year.