Company Research Report: Future Generali India Insurance Company
Company Overview
Name and Mission of the Company
Future Generali India Insurance Company Limited aims to make insurance simpler, smarter, and faster for their clients, offering a range of protection and saving solutions that are designed to put you right at the heart of their business.
Founding Details
- Founded: The company's specific founding date is not mentioned, but operates under a registration that is valid, indicating ongoing operations.
- By Whom: The founding individuals or group is not specified.
Key People
No information is available regarding key people in the company.
Headquarters
- Location: Unit No. 801 & 802, Tower C, 247 Embassy Park, LBS Marg, Vikhroli (West), Mumbai - 400083, India.
Number of Employees
No information is available regarding the number of employees.
Revenue
No information is available regarding the company's revenue.
Company Recognition
Future Generali is recognized as a 'Total Insurance Solutions' company known for both life and general insurance products. The company serves a broad spectrum of insurance needs including health, vehicle, property, investment, and retirement plans.
Products
General Insurance Products
Future Generali offers several types of general insurance:
- Health Insurance: Ensures coverage for medical expenses.
- Vehicle Insurance: Provides protection for cars and two-wheelers.
- Property Insurance: Covers both personal and commercial properties.
- Travel Insurance: Offers coverage for medical and travel-related uncertainties.
- Accident Insurance: Protects against unforeseen accidents.
- Home Insurance: Ensures financial protection for home-related risks.
Life Insurance Products
The company also provides a wide array of life insurance policies including:
- Term Plans: Offering coverage for a specified term.
- Critical Illness Plans: Coverage for major illnesses.
- Savings Plans: Helping in building a financial corpus.
- Child Plan: Assuring financial safety for child's future.
- Investment Plans: Provides options for financial growth.
- Retirement Plans: Secures financial stability post-retirement.
Key Features of Life Insurance Products
1. Future Generali Long Term Income Plan:
- Guaranteed long-term income with life cover for up to 50 years.
- Options for continuity of benefits in the policyholder’s absence.
2. Future Generali Money Back Super Plan (NON-POS Variant):
- Offers regular payouts with guaranteed money back.
- Tax benefits under section 80C and 10(10D).
3. Future Generali New Assured Wealth Plan (NON-POS Variant):
- Guaranteed additions as a percentage of the sum assured.
- Assurance of sum on maturity with flexible terms.
Recent Developments
New Products Launched
No specific new product launches are mentioned.
New Features Added
No information is available on new features added to existing products.
New Partnerships
No information is available on any new partnerships.
Other Developments
Future Generali has demonstrated significant engagement in community support activities, particularly in response to disasters and critical needs like floods and cyclones by providing claims help desks and support to affected families.
The company has also diversified into innovative products such as the FG Dog Health Cover, showcasing a growing trend to include lifestyle insurance products.
Conclusion
Future Generali India Insurance Company continues to focus on providing comprehensive insurance solutions. Their catalog offers diverse insurance products catering to various aspects of life including health, travel, motor, and more. While specific financial performance metrics and leadership details are limited in available data, the company's commitment to customer satisfaction and community support is evident through testimonials and relief initiatives.
