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what is Future Generali India Insurance

Future Generali  India Insurance

Future Generali  India Insurance could be a personal general insurance underwriter in India The company could be a venture between the Future Group and Assicurazioni Generali. It commenced business in Gregorian calendar month 2007 and achieved break-even in its sixth year of operation. It received Associate in Nursing ISO 9001:2008 certification in 2013 and ISO 27001:2013 Certification in 2014. the corporate has tie-ups with several banks as well as UCO Bank, Bank of geographic region, Laxmi Vilas Bank and Nainital Bank The company’s portfolio contains insurance merchandise categorised among Personal, industrial & Social/Rural Insurance.Future Generali India Insurance

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As of 2017,

Future Generali has over twelve.6 large integer customers in 125+ locations across Republic of India. They settle over one,80,000 claims per annum. they need around two,000 active company shoppers and over half-dozen,000 agents.

The company launched ‘Health Total’,

a comprehensive insurance product in 2015. It introduced a replacement microinsurance cowl, ‘Sukshma Hospicash’ in 2016. within the same year, on-line exclusive travel insurance merchandise were conjointly launched by the corporate.

In April 2016, the corporate affianced with ten medium and small-size banks in Kolhapur and Sangli districts, aimed towards increasing rural insurance penetration.In January 2017, the corporate entered a company agency tie-up with Bank of geographic region to push motor, home, merchant and rural insurance merchandise at the one,896 branches of the bank. It conjointly entered into a tie-up with UCO Bank in March 2017.

In 2016, FGII launched i-MoSS, Associate in Nursing application for motor claim surveyors for quicker settlement of motor claims.

In 2012, FGII insured the music concert by AR Rahman for Rs four large integer.By FY 2017, the corporate issued 372 film insurance policies, as well as the acclaimed film Bahubali two, that was insured for a total of Rs two hundred large integer.

Products

The company provides a various vary of insurance, as well as personal, industrial and social/rural insurance.

Financials

Future Generali Republic of India Insurance registered Gross Written Premium (GWP) at Rs one,843 large integer financial 2017, a growth of 16 PF compared to financial 2016. the corporate witnessed a rise in policy volumes by seven-membered from twelve large integer in financial 2016 to fourteen large integer in financial 2017. FGII according a financial condition magnitude relation of large integer in financial 2017, Associate in Nursing upsurge from the financial condition magnitude relation of 154% as according in financial 2016.

Initiatives & Awards
Their CSR unit is called Sneh which focusses on health, education, and surroundings. Their major initiatives embody village adoption, desktop donation drive, anti-tobacco awareness workshop, syndrome awareness, money attainment workshop and protection education for ladies.
The company extended its support to ‘Muktshala’ – a residential facility to revive the academic rights of eighty social group youngsters of migrant employees at Mahad in Raigad district of geographic region.
FGII has adopted a village in Palghar district of geographic region to produce access to sanitation, clean drink, course of instruction and vocational education to the 132 social group families residing within the village.
Best Implementation of unit of time Technology by unit of time Excellence Awards in 2016

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