Future Generali India Life Insurance receives ISO 9001:2008 certification
Future Generali India Life Insurance Company Limited, a joint venture between Future Group - the leading retailer of India, Generali Group - a global insurance group and one of the world's 50 largest companies* and IITL - a leading NBFC, today announced that it has received ISO 9001:2008 certification for its Investment Processes. This certification validates Future Generali’s compliance with internationally established standards for Quality Management Systems in its investment department.
ISO 9001:2008 is the internationally recognized standard for Quality Management Systems (QMS). It prescribes systematic control of business activities to ensure that the needs and expectations of customers are met.
To qualify for ISO 9001:2008 certification, Future Generali had to meet rigorous standards in its investment practices, investment documentation review, pre-audit, initial assessment and clearance of all non-conformities. The process which went on for about 3 months culminated in a comprehensive certification audit by BSI (British Standards Institution).
Commenting on the achievement, Mr. Munish Sharda, Managing Director & CEO (Officiating), Future Generali India Life Insurance said, "This is a proud moment for us and we will continue to focus on quality management systems in the company. We are a customer centric organisation and are committed to continuously improve ourselves to conform to global standards and in providing best in class services to our customers. The Investment Department in an insurance company is of vital importance, this accreditation validates our respect for the trust and confidence our customers have instilled in us".