Future Generali expects 20% growth in business in FY'16

General insurance firm, Future Generali India today said it expects 20 per cent growth in premium collection in the current fiscal.
The joint venture between Kishore Biyani promoted Future Group and global insurer Generali, had a gross written premium of about Rs 1,480 crore in 2014-2015.
"We are expecting the overall business to grow at 20 per cent during the year and health portfolio should be growing at 50 per cent," Future Generali India Chief Operating Officer Easwara Narayanan M said.
He said health insurance segment contributes 14 per cent to the total business of the company and this should increase to 20 per cent in the next few years on the back of addition of new products.

Meanwhile, the company launched health insurance product 'Health Total' with maximum cover period of three years.
The policy holders not only get hospitalisation cover, but restoration benefit, 50 per cent cumulative bonus for every claim free year and OPD cover, he said.
The product is available in three variants -- vital, superior and premier and the health cover varies from Rs 3 lakh to Rs 1 crore.
It also comes with the wellness benefit and medical treatment taken abroad, he added.