Aviva Ups Capital By Rs 45 Crore

Aviva Life Insurance today announced that it had increased its capital base by Rs 45 crore, taking the total paid-up capital to Rs 155 crore.

The joint venture between the Burmans, promoters of the Dabur group, and CGU has so far sold about 10,000 policies generating a premium income of around Rs 13 crore. The Indian partners hold a 74 per cent stake in the company with the remaining held by the foreign partner, which is the seventh largest insurance company in the world.