ING Vysya Life receives additional capital infusion

NEW DELHI, INDIA: ING Vysya Life has announced a capital infusion of an additional Rs 25 crores, which increases the paid up capital to Rs 790 crores. ING Vysya Life part of the ING Group, a financial services provider entered the private life insurance industry in India in September 2001. 

Having established itself as a strong private life insurance player in India and in its sixth year of business operations, ING Vysya Life has a pan India presence. To support its business expansion, the promoters of ING Vysya Life will infuse capital of Rs 550 crores in the near future which will eventually raise the total paid up capital to Rs 1,340 crores.

The company recently launched ING Positive Life, a Unit Linked Saving Solution. The product is in line with the company’s customer centric approach and comes with simple documentation and quick processing of the policy. 

With the launch of the product, the life insurer has achieved significant customer acquisition through ING Vysya Bank network. The company currently has twenty one life insurance products including eight Unit Linked products, which are available through its diversified distribution platform.