Future Generali to roll out seven new products by March 2011

04 Sep 2010

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Future Generali India Life Insurance Company Ltd, is set to roll out seven new products by March 2011. The company is a joint venture between Future Group and the Italy-based Generali Group.

These products would offer a mix of traditional insurance products and Unit-Linked Insurance Products (ULIPs).

Nirakar Pradhan, chief investment officer of Future Generali India, addressing media persons said, "We would be launching seven new products by March 2011.

These would be a mix of traditional insurance products and ULIPs. Presently, we have 18 products in our portfolio which includes 15 conventional products and three ULIPs."

Also on the cards is a Future Generali micro-insurance initiative for which the modalities are yet to be worked out, Pradhan added.

The insurance firm is aiming for a total pan-India premium collection of Rs 1200 crore for the current financial year which would represent a jump of 118.97 per cent over Rs 548 crore which it had actually achieved in 2009-10.

In the eastern region, the company's premium collection was registered at Rs53 crore in the last fiscal.

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