Campaign to aid customers impacted by the heavy monsoons in several states Mumbai, 30th August, 2018: Future Generali India Life Insurance Company Limited (FGILI) has announced the launch of a ‘Monsoon Revival Campaign’ to aid customers in states effected by the heavy monsoons, by reviving their lapsed policies. This campaign will help policyholders revive their lapsed policies by paying the outstanding premium and receive a late fee waiver for up to Rs. 2000 for receipting done till 30th September, 2018. This offer is valid for all lapsed policies under revival period; however, it is subject to certain underwriting rules and company policies.
The campaign will enable policyholders to once again financially secure their families and avail all the benefits including continuation of the life cover and tax advantages as per the plan. FGILI is reaching out to customers through various modes of communication and personal visits. Customers have the option of paying premiums through digital medium over online website, Paytm Wallet & Jiomoney. They also have the option of visiting their nearest SBI bank, Axis Bank, Common services center (CSC) and 100+ FGILI Service Branches.
Commenting on the initiative, Mr. Munish Sharda, Managing Director and Chief Executive Officer, Future Generali India Life Insurance said, “People in many states have been facing a lot of difficulty due to the heavy monsoons in India. We would like our customers to continue to stay insured and protected while managing their situation. The campaign to support customers for reviving their lapse policies without late fees is our way of helping our customers to continue to stay invested in their policy with us. We are confident this support will benefit our customers and continue with their trust in us.”
Future Generali India is a joint venture between Future Group, a leading retailer in India, Assicurazioni Generali S.p.A. – one of the largest global insurance providers and IITL - a leading NBFC.
Generali is an independent, Italian Group, with a strong international presence. Established in 1831, it is among the world’s leading insurers and it is present in over 60 countries with total premium income exceeding €68 billion in 2017. With over 71,000 employees in the world and 57 million customers, the Group has a leading position in Western Europe and an increasingly significant presence in the markets of Central and Eastern Europe and in Asia. In 2017, Generali Group was included among the most sustainable companies in the world by the Corporate Knights ranking.
Future group operates some of India’s most popular retail chains including central, big bazaar, food bazaar, home town and ezone. Apart from its allied businesses in life and general insurance, the group is also present in the domain of logistics infrastructure and supply chain and brand development. The group operates over 17 million square feet of retail space in over 90 cities and towns and 60 rural locations across India. The group’s retail formats connect over 300 million customers to over 30,000 small, medium and large enterprises that supply products and services to its retail chains. Future group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group’s core value of ‘Indianness.’ the group’s corporate credo is, ‘rewrite rules, retain values’.
IITL was incorporated in the year 1933 as an investment trust Company. It has made bonus issues thrice and has been consistently paying dividend to shareholders over the years.