Future Generali India Life Insurance Launches Rural Product ‘Jan Suraksha’
Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future Group, the leading retailer of India and Assicurazioni Generali – a global insurance group on Thursday (26 November) launched a new rural product – Jan Suraksha.
This is a non-linked, non-participating plan that provides a life cover at an affordable cost through a one time premium payment.
Munish Sharda, Managing Director & CEO, Future Generali Life Insurance said “The Indian rural market is still under-penetrated in the life insurance segment and there is a lot we can do in that space. It is important to reach out and provide protection to the most vulnerable and weaker section of the society. Through our new product Future Generali Jana Suraksha, we aim to help households weather the impact that a death of a breadwinner can have on a family. This is a simple product, which offers the essential security of life insurance.”
The Generali Group is one of the largest global insurance provider with 2014 total premium income exceeding €70 billion. With 78,000 employees worldwide serving 72 million insured persons in more than 60 countries, the Group occupies a leadership position on West European markets and an increasingly important place on markets in Central Eastern Europe and Asia. In Asia, the Group operates in 10 markets: China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand and Vietnam. Generali ranked among the world’s 50 smartest companies in 2015 according to the MIT Technology Review. Generali is the only insurer to be listed.