ICICI Prudential to increase capital base

Kolkata: ICICI Prudential Life Insurance Company Ltd has decided to increase its capital base of Rs 190 crore by another Rs 40 crore within the next two months.

ICICI Prudential chief (marketing) Saugata Gupta says the company has also decided to use other channels of marketing to maintain its leadership in the private life insurance sector.

During the financial year 2001-02, the company registered a premium income of Rs 122 crore on a sum assured of Rs 2,700 crore. The company sold a little over 1 lakh policies.