Future Generali India Life Insurance Company, a joint venture between Future Group and the Italy-based Generali Group, is eyeing a premium collection of Rs 1200 crore in 2010-11, a 121.81 per cent surge over Rs 541 crore which the company achieved in 2009-10.
The jump in the premium collection will be driven primarily by eight new insurance products, which the company plans to roll out before the end of this financial year.
To expand its business and achieve its targeted growth in premium, Future Generali has also decided to ramp up its network of agents throughout the country. The number of agents will be scaled up from 44,000 a present to 65,000 by the end of this year.
Out of the company’s total premium collection of Rs 541 crore in 2009-10, the new business premium was Rs 486 crore.
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