Future Generali

General insurance penetration rising in India, say leaders at BFSI Summit

Heads of general insurance companies discuss challenges and future potential for the insurance sector in conversation with banking editor Manojit Saha at the Business Standard BFSI Insight Summit

Future Generali India Insurance launches new product exclusively for women

It is an integration of preventive and comprehensive healthcare plans that includes infertility treatment, stem cell storage, nursing care, senior care and more

Future Generali India Life Insurance appoints Alok Rungta as MD & CEO

Industry veteran has 'deep understanding of diverse markets', says company

Focusing on non-motor, non-health space: Future Generali India Insurance MD

"There is a need to invest more in distribution, products, and marketing", said Rau

Future Enterprises sells 25% stake in joint venture insurance firm

Future Enterprises has defaulted on repayment of Rs 2,911.51 crore of loans to lenders

Italy's Generali becomes majority shareholder in India Life JV

Generali is in the midst of a power struggle with rebel shareholders challenging the board's plan to retain Chief Executive Philippe Donnet for a new term

Future Enterprises risks turning NPA by next quarter, say banking experts

FEL, which defaulted on payments to lenders and debenture holders in the last week of March, has a 30 day-curation period

Bombay HC allows Future Enterprises to sell stake in insurance JV

A local court in Mumbai, following objections raised by some bold holders of Future companies, had last month put on hold the plan of the cash-starved Future Enterprises to sell 25% of its stake

Mumbai court restrains Future Enterprises from selling stake in Generali JV

IDBI Trusteeship went to court as it was representing certain foreign bondholders who subscribed to Future companies that had defaulted

Future Enterprises agrees to sell 25% stake in insurance JV to Generali

Generali has also acquired an option to buy out the company's remaining interest in FGIICL, directly or through a nominee, at an agreed valuation subject to applicable regulatory approvals.

Future to sell 25% stake in insurance JV to Generali for Rs 1,253 cr

International company has the option to acquire the remaining interest of the debt-ridden Indian group in the general insurance business.

Generali eyes bigger stake in India businesses as Future seeks exit: Report

Generali "wants to have a majority which could be a 74% stake but also (could be) slightly less. Future wants to completely exit the businesses," said one of the sources.

Aviva, Generali Group look to hike stakes in Indian joint ventures

This comes in wake of increase in FDI limit to 74% in insurance sector

Future Generali launches health product with 80% discount on no-claim

General insurer Future Generali has launched a health product offering 80 per cent flat discount on the premium on renewal if there was no claim in the previous year. The health super saver policy offers a straight 80 per discount on the premium on renewal in the second/third year in case there was no claim in the previous year, said Anup Rau, managing director & chief executive of Future Generali India Insurance, which has over 3 lakh health insurance customers. The company is offering the new product in two variants--1X and 2X-- under which the former provides a 80 per cent discount on the premium in the consecutive year in case the first year was claim-free and the later offering 80 per cent more coverage for the family members on an individual sum insured basis. This product also covers a one-day-old infant to a senior citizen who is 70. * * * * * GMR Kannur Duty Free Services launches outlet * GMR Kannur Duty Free Services Ltd (GKDFSL) on Thursday launched its first duty .

Future Generali swims against tide with increments, promotions to staff

It also plans to hire more employees depending on business requirement. So far in the lockdown period, it has recruited 70 across various levels and plans to hire more in the current financial year

Future Generali launches online travel insurance policies

The benefits include cashless claim settlement, universal international free phone number, worldwide emergency, medical and travel assistance

Irdai imposes Rs 35 lakh penalty on Future Generali

Irdai has imposed a penalty of Rs 35 lakh on Future Generali India Insurance Co for violating various laws including the ones related to payments, licensing of insurance agents and file and use policy. "In conclusion, as directed under the respective charges, the penalty of Rs 35 lakh shall be debited to shareholders' account of the general insurer," Insurance Regulatory and Development Authority of India (Irdai) said in an order. It has asked the company to remit the amount within a period of 15 days. The company was found to be making payments to its intermediaries under accounting heads as support services, consultancy that were not reported to the Authority, it said. Irdai said it was in violation of Insurance Act and imposed a fine of Rs 5 lakh for the contravention. A similar penalty of Rs 5 lakh was imposed for not giving a clear picture of insurance agents engaged by the company. Further, the insurer was allowing agents to solicit business even after expiry of their ...