Future Generali India Life Insurance Company Limited is a joint venture between three leading groups. Future Group – a leading retailer in India, Generali Group – a global insurance group that features among top 50 smartest companies in the world, Industrial Investment Trust Limited (IITL) – a leading investment company. The mission of Future Generali Life Insurance Company is to actively protect and enhance people’s lives.
COMPANY DETAILS:
| COMPANY TYPE | Private Ltd |
| Managing Director & CEO | Mr. Munish Sharda |
| Foreign Partner | Future Group, a leading retailer in India Generali Group, a global insurance group Industrial Investment Trust Limited (IITL), a leading investment company |
| Covering range of people | 1.2 crore lives covered |
| Contact Details | Toll-free : 1800 102 2355 Website : www.life.futuregenerali.in Mail : [email protected] Whats App : +91 8108198633 |
| Latest Claim Settlement Ratio | 95.28% (FY 2019-20) |
| Asset Under Management | 4,347.5 Cr as on March 31st 2020 |
| Solvency Ratio | 162% as on 31st MAR 2019 |
| Vision | To actively protect and enhance people’s lives |
| Mission | To be the first choice by delivering relevant and accessible insurance solutions |
| Year of start | 2007 |
| IRDAI registration No | 133 |
| Corporate Office | Future Generali India Life Insurance Company Limited Unit 801 and 802, 8th floor, Tower C, Embassy 247 park, L.B.S Marg, Vikhroli (W), Mumbai – 400083. |
| Corporate Agents & Banking Partner | 1) The Saraswat Cooperative Bank Ltd 2) AU Small Finance Bank Limited 3) American Express banking Corp 4) Suvarnayug Sahakari Bank Ltd 5) Religare Broking Limited 6) Bajaj Finance Ltd 7)Religare Finvest Limited |
| Best products | 1) Future Generali Flexi Online Term Plan 2) Future Generali Express Term Life Plan 3) Future Generali Heart and Health Insurance Plan 4) Future Generali Assured Money Back Plan 5) Future Generali Big Income Multiplier Plan 6) Future Generali Assured Education Plan 7) Future General Immediate Annuity Plan |
| Awards & Recognitions | 1) Golden Peacock National Training Award 2020 2) Chief Strategy Officer Summit & Awards 2020 3) Best 50 People Capital Index (PCI) Awards 2019 4) Global Enterprise Architecture Excellence Award 2018 |
| Social Media Links | Instagram: Instagram.com/fglifeind |
Values |
->Deliver on the Promise The long-term contract of mutual trust with their people, customers and stakeholders make them to improve their lives and commit to provide services with discipline and integrity to bringing the promise of life and long-lasting relationship ->Value Our People They value their people, encourage diversity and invest in continuous learning and growth by creating a transparent, cohesive and accessible working environment. Developing their people will ensure the company’s long-term future. ->Live the Community They are proud to a global group with strong, sustainable and long-lasting relationships in every market in which they operate. ->Be Open They are curious, approachable and empowered people with open and diverse mindsets who want to look at things from different perspective |
ABOUT FUTURE GENERALI LIFE
The company spread its operations across 136 branches and a complete range of simplified solutions for financial security of customers and enterprises, also the company aims to become the first choice by delivering relevant and accessible insurance solutions.
Hence, the company having a strong corporate partners and agents to provide service to all the areas of the country including remote areas. The direct agents also helpful to register the brand to the people and provide quality of services.
The company offers various category of products to fulfill the various needs of the customers in various stages of their life. They offer protection, savings, health, ULIP, group protection, child and retirement plans depend on the customer’s requirement.
FUTURE GROUP
The Future Group has pioneered the growth story of the Indian retail Industry. The group established 25 years ago, it operates some of the India’s most popular retail chains of Big Bazaar, Home Town, eZone, Central, Food Bazaar, Etc.
In addition to allied businesses in life and general insurance, the Group has presence in logistics infrastructure, supply chain and brand development domains.
VALUES OF FUTURE GENERALI GROUP
The Future group’s core value is ‘Indianness’. Indian ideas, Indian insights and trends of Indian consumer expectations from the cornerstones of the Group’s businesses.
The Group aims to build novel delivery formats and profitable retail reality. Affordability for all segments and quality-consciousness are its mainstays. With this foundation, the group works towards about a transformation in the Indian business sectors.
Rewrite Rules, Retain Values – this simple idea has been the core of the group’s business since the inception. More than 600 million customers visits are recorded across the 2,000 Future Group retail stores, covering over 24 million square feet space in over 400 cities and towns.
Millions more interact with group’s brands business through ecommerce sites, social media and mobile apps like FuturePay and EasyDay club.
GENERALI GROUP
Generali is an independent, Italian Group, with a strong international presence. Established in 1831, it is among the world’s leading insurers and present in over 60 countries.
The Group aim to become and remain the most trusted investments, Asset management and wealth Management partner for all their stake holders. The purpose of the Group is to enable people to shape a safer future by caring for their lives and dreams.
With over 74,000 employees in the world, and 55 million clients, the Group has a leading position in Western Europe and an increasingly significant presence in the markets of central and Eastern Europe in Asia. Generali Group was included among the most sustainable companies in the world by Corporate Knights ranking.
INDUSTRIAL INVESTMENT TRUST LIMITED
IITL is an investment company incorporates in 1993. In 2000, it was registered as a Non-Banking Finance company (Non-deposit taking) with Reserve Bank of India (RBI). IITL is a listed company on the Bombay Stock Exchange and the National Stock Exchange.
Hence, the company has four subsidiaries in areas of Real Estate & infrastructure (IITL Projects Limited), media & Entertainment (IITL Media and Entertainment Private Limited), stock broking (IIT Investrust Limited), and insurance broking (IIT Insurance Broking and Risk Management Private Limited). The company has also associate company under it, namely World Resorts Limited, in which it holds 25% stake.
RECENT ACTIVITIES OF FUTURE GENERALI LIFE
In keeping the current global Covid-19 crisis and the subsequent guidelines by the government Future Generali India Life Insurance was swift to respond the call. They provide coverage for the covid-19 as per the government order and also the agents and employees of the company developed a 360-degree digital delivery platform to service their clients all over India and continue their everyday business activities.
The digital platform integrates all existing digital tools in one place. Hence, it simplifies the whole process making it smarter to work with.
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