Future Generali
Partners of Future Generali India Life Insurance Company Limited
At, Future Generali India Life Insurance we take pride ourselves on delivering what our stakeholders need. Be it Customer or Partner.
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Partners of Future Generali India Life Insurance Company Limited
At, Future Generali India Life Insurance we take pride ourselves on delivering what our stakeholders need. Be it Customer or Partner.
As our Partner, here is what you will get
- Attractive and exciting products
- Opportunity to develop an alternate source of revenue, apart from your core business, through the sale of Insurance
- Dedicated support system
- Innovative and efficient IT backing for a digital world
- Attractive reward schemes*
* (as per the terms & condition of board approved policy on ‘Payment of Commission, remuneration and reward’) - Efficient and Compliance oriented business processes
Interested in Partnering with us as a Corporate agent or IMF (Insurance Marketing Firm)?
Two sections to be added: One for corporate Agents and one for IMFs
What is a Corporate agent?
Corporate Agent (Life)" means a corporate agent who holds a valid certificate of registration to act as such, issued under IRDAI Corporate Agent Regulations, 2015, for solicitation and servicing of insurance business for life insurers as specified in the regulations;
Corporate entities represent an insurance company and sell its policies. Usually they are engaged in a particular business and sell insurance policies to their existing customers based on the situation”* –
Source -*https://www.policyholder.gov.in/Corporate_Agent.aspx
Who can be a Corporate Agent?
Any company, limited liability partnership , Banking Company, Regional Rural bank or any Non-Governmental organisation or a micro lending finance organization and any other entity eligible as per IRDAI
A Corporate Agent (Life), may have arrangements with a maximum of three life insurers to solicit, procure and service their insurance products.
Other requirements:
- Principal officer (PO) and Sales staff (specified persons ) to be trained and certified as per IRDAI norms
- Minimum educational requirement for Principal officer is Graduation, while for an specified persons , it is 12 class or the equivalent from a recognized Board/Institution;
- Minimum Equity share capital or contribution or net worth of Rs. 50 lakhs to be maintained at all times
Source for eligibility: Corporate agent regulations 2015
What is an Insurance Marketing Firm (IMF)?
“Insurance Marketing Firm” is an entity registered by the Authority to solicit or procure insurance products of two Life, two General and two Health Insurance companies at any point of time, under intimation to the Authority. Insurance Marketing Firm is a distribution channel to solicit or procure insurance products, to distribute other financial products by employing individuals licensed to market, distribute and service such other financial products”* –
*Source : https://www.policyholder.gov.in/Insurance_Marketing_Firm.aspx
Who can be an IMF?
Any company, limited liability partnership, Cooperative society and any other entity eligible by IRDAI
Other requirements:
- Principal officer (PO) and Sales staff (Insurance Sales Person") to be trained and certified as per IRDAI norms
- Minimum requirements for Principal officer: Graduate with insurance experience of 5 years preceding the year in which the application is made or Graduate with 10 years of experience in financial sector preceding the year in which the application is made
- Minimum Requirements for an Insurance Sales Person" : Pass in 12th class/equivalent and domiciled in are of registration of the IMF
- Net worth of not less than Rs. 10 Lakh
Source for eligibility: Registration of IMF regulations 2015
Disclaimers:
Future Group's, Generali Group's and IITL liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited. Future Generali India Life Insurance Company Limited (IRDAI Registration no. 133) (CIN No.: U66010MH2006PLC165288). Registered & Corporate Office Address: Future Generali India Life Insurance Co. Ltd, Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai – 400083. Fax us at: 022 40976600. | Email: care@futuregenerali.in | Call us at 1800 102 2355 | Website: life.futuregenerali.in
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
