SBI Life to raise Rs 200-250cr

SBI Life Insurance is expecting to raise an additional Rs 200-250 crore by the end of the current fiscal.

This was announced by U S Roy, managing director and chief executive officer, SBI Life Insurance, on the sidelines of an insurance meet organised by Indian Chamber of Commerce (ICC).

The total paid-up capital of SBI Life Insurance is Rs 600 crore while its authorised capital stands at Rs 1,000 crore.