Future Generali India Life collects Rs 541 cr premium in FY10

Future Generali India Life Insurance today said it has garnered a total premium income of Rs 541.44 crore in the previous fiscal.

Of the total premium collected, Rs 486 crore was generated from new business premium (NBP) while Rs 55.44 crore came from renewal premium, the company said in a statement here.

In FY'10, the company's new business premium grew by 224 per cent.

As on March 31, 2010, Future Generali Life issued 3,35,693 individual policies as against 1,03,663 individual policies in FY'09.

The company has over 42,000 advisors and operates through 92 branches across the country. It also distributes its products through 163 Future Group retail outlets in India.