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| Future Generali to launch more insurance products |
| BS Reporter / Chennai/ Hyderabad Oct 15, 2009, 00:38 IST |
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Future Generali India Life Insurance Company, a joint venture between Future Group of India and Generali Group of Italy, would be launching seven more insurance products in the current financial year.
According to Future Generali’s chief investment officer Nirakar Pradhan, three new insurance products will be launched in the current quarter, while four more will be launched in the fourth quarter.
The insurance company launched ‘Future Freedom Plus’, a new Ulip (unit-linked insurance plans) product, here on Wednesday. It has so far introduced 18 insurance products in the country.
Company’s chief (operations), Balram Sharma, told mediapersons that plans were also afoot to increase the number of insurance advisers from the existing 36,000 to 50,000 by March 2010.
He said the company had targeted to achieve a revenue of Rs 750 crore in the current year as against Rs 155 crore last year.
In the first half of the current year, the company premium collection stood at Rs 153 crore.
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