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Future Group in insurance venture

Future group and Italian Assicurazioni Generali S.p.A comes together to start a life insurance venture and have received a liscence to conduct life and non-life insurance business in India.

Apnainsurance.com Research Bureau

24 Oct 2007

The Future Group and the Italian Assicurazioni Generali S.P.A have joined hands to offer life as well as life and non-life insurance products. As a result of this venture, the company will be called 'Future Generali India Life Insurance Company' and 'Future Generali India Insurance Company'.

They have received liscense to conduct life and non-life business with their head-quarters in Mumbai.

The joint venture is in a proportion of 74:26 between the Future Group and Assicurazioni Generali S.P.A. Future Generali will channel its products through the Future Group's retail outlets, adopting the concept of 'shoppassurance' and other conventional medium.