Future Generali Life Insurance Company Ltd, a joint venture between Future Group and the Italy-based Generali Group, would move out 7 new products by March 2011. These products would be a mix up of traditional insurance products and Unit-Linked Insurance Products (ULIPs).
Addressing media persons here, Nirakar Pradhan, chief investment officer of Future Generali India said, “We would be launching 7 new products by March 2011. These would be a mix of traditional insurance products and ULIPs. Currently, we have 18 products in our portfolio which includes 15 conventional products and 3 ULIPs.”
Future Generali is also planning to foray into the micro-insurance section given its huge prospective but the modalities are yet to be worked out, he added.
The insurance firm is eyeing a total pan-India premium collection of Rs 1200 crore for the current financial year which would be a jump of 118.97 per cent over Rs 548 crore which it had actually achieved in 2009-10. TIN the eastern region, the company's premium collection stood at Rs 53 crore in the last financial.
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