KOLKATA: ING Vysya Life
Insurance would shore up working capital alkali by another Rs 150 crore by the end of
March 2008, a company functionary said on Tuesday. Rajeev Kanal,
Associate Vice-President (product development) of ING Vysya Life told reporters
here that the working capital alkali at the end of October 2007 stood at Rs 790 crore. Launching ING Creating Star Education Guarantee Plan kid policy,
Kanal said that the company have 13 traditional merchandises and seven unit of measurement linked
ones. From the kid policy, the company takes to sell 50,000
policies and gain a insurance premium income of Rs 30 crore to Rs 40 crore in the first
year. By December 2007, ING Vysya is aiming at a insurance premium income of
Rs 1068 crore, out of which Rs 635 crore would come up from new policies. Last
year, the company earned a insurance premium income of Rs 613 crore. Traditional merchandises lend 20 per cent of the company's total
premium income, the balance come ups from unit of measurement linked products.