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SBI Life infuses Rs. 75 crore capital

CHENNAI: SBI Life Insurance has announced the infusion of additional capital of Rs. 75 crore to take its capital base up to its authorised share capital limit of Rs. 500 crore. S. Krishnamurthy, Managing Director and CEO, said in a release that, "The additional capital has been injected to maintain stipulated solvency margins for the exponential new business growth and expanding branch network". The company has unveiled the new Horizon II pension product, a unit-linked pension product aimed at offering greater retirement security to investors and retirees alike. It offers investors the opportunity for long-term capital appreciation.

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