Aegon Religare Life Insurance infuses Rs 45 cr capital

Aegon Religare Life Insurance, today said that its promoters have infused an additional Rs 45 crore into the capital base of the company.

This enhances the company's total capital to Rs 395 crore as of July 27.

Aegon Religare Life Insurance is promoted by Aegon, a global life insurance major and Religare, an Indian integrated financial services group.

The capital infused this year is at Rs 95 crore, including the latest infusion, a press release issued here said.

"This has been done to build distribution as a part of Aegon Religare Life Insurance's strategy for the financial year 2009-10," the release said.

 

The company has a complete product basket comprising of three term plans, 2 ULIPs, a pension plan and a child plan.

This fiscal (FY10), the company will foray into health and annuity product lines, it said.