In a bid to achieve the required solvency margin of 1.5, state-run National Insurance Company is set to raise Rs 800 crore through subordinated debt in near future, a top company official said today. Subordinated debt is a loan or security that ranks below other loans and securities with regard to claims on a company's assets or earnings. The Kolkata-based non-life insurer had solvency margin of 1.26 in September-end, which improved to 1.31 in December- end. On listing plans, Kumar said, "We do hope to see 1.5 solvency margin for the company by the fiscal-end. Once we achieve the solvency margin at the required level, then only we can go for listing."

Source: dna February 22, 2017 13:52 UTC