new delhi apollo munich health insurance today said it plans to infuse rs 50 crore capital during the last quarter of the current fiscal to expand business as of now it is adequately capitalised but the company will require an additional capital closer to the end of this fiscal of about rs 50 crore apollo munich health insurance ceo antony jacob told pti currently its paidup capital stands at rs 357 crore having witnessed a growth of 27 per cent last fiscal jacob said the company is expecting increase in new business of 30 per cent in 201617 the company aims at the gross written premium gwp of rs 1300 crore by the end of march 2017 talking of paperless initiative of the company to underwrite policy jacob said ampower app has enabled our sales force to issue a policy in 7 minutes from the traditional 14 days period the new business growth expected via the new app ampower by the end of the current financial year is 6575 per cent he said we expect to have approximately 15000 agents using the ampower app by the end of current financial year in terms of agent productivity figures our focus this year has been year to drive adoption and usage he said once this is achieved the company will have a baseline in place to measure productivity recently apollo hospitals group announced selling 233 per cent shareholding in apollo munich health insurance company to its german partner munich re for rs 1635 crore