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Mumbai, 12th March, 2018: Future Generali India Life Insurance has announced the launch of a special revival campaign for the benefit of its valued customers to re-align their financial plans. 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 31st March, 2018. This offer is valid for all lapsed policies under revival period; however, it is subject to certain underwriting rules and company policies.
This will enable the policyholders to once again financially secure their family and avail all the benefits including continuation of the life cover and tax advantages as per the plan. The customers are being reached out to through various modes of communication and personal visits. Customers can pay through digital medium over online website, Paytm & Jiomoney. They can visit their nearest SBI bank, Axis Bank, Common services center (CSC) and 100+ Future Generali Life Service Branches.
Commenting on the initiative, Mr. Munish Sharda, Managing Director and Chief Executive Officer, Future Generali India Life Insurance said, "It has been our endeavour to build our customers’ trust and confidence in our company and in the products that we offer. We truly believe that life insurance is a business in which both, the customer and the company derive financial value only by staying invested in the relationship over a long period of time. There are multiple reasons due to which customers are unable to pay their premiums and continue with their policies due to which they miss out on the benefits. It is therefore essential for every insurer to make that extra effort and offer such opportunities where the customers can revive their lapsed policies, continue to protect their families, re-align their financial plans and achieve their desired milestones. We are confident that this campaign will help our valued customers to recover the loss and enjoy the benefits of the policy for a longer period.”
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 €70 billion in 2016. With over 74,000 employees in the world, and 55 million clients, 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.