OREANDA-NEWS. November 22, 2011. The charter capital of the Ingosstrakh Life Insurance Company, which is the part of the INGO group, specializing in long-term life insurance, pension insurance and insurance against accidents and illnesses, has been increased to 332.5 million rubles.

The only member of the Company, InWest-Policy CJSC, has made an additional contribution to the charter capital of Ingosstrakh Life Insurance Company amounting to USD 100 mln.

The current size of charter capital significantly exceeds the requirements to the minimum amount of charter capital for life insurance companies (240 mln. rubles), which come into force in 2012. New requirements to the amount of charter capital were introduced in order to improve the reliability of the insurance market and it every participant, which is especially important in the current economic situation.

Increased amount of the charter capital will allow Ingosstrakh Life Insurance Company to continue business and meet obligations before customers in full, as well as to strengthen and reinforce its stand in the life insurance market.