SlideShare a Scribd company logo
ABOUT FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LTD.
Future Generali India Life Insurance is a joint venture between Future Group - a leading retailer of India, Generali Group - a
global insurance group and one of the world’s 50 largest companies and Industrial Investment Trust Ltd (IITL), a leading
NBFC. It provides a complete range of life insurance solutions to customers and enterprises.
The Company was incorporated in September 2006 with the objective of catering to an under-insured country and provide
financial security to people. The company offers a comprehensive range of products across savings, protection, unit linked
policies, retirement plans as well as group products. The Company reaches out to customers through more than 17,000
advisors and FG Direct channels across the country.
In a span of 9 years, the Company has presence in over 80 locations across the country. The Company has sourced over 11
lakh policies since inception, and today insures over 450 marquee corporates in India and internationally such as Cadbury,
Coca-Cola, Intel, Philips, DuPont, Reebok, Jet Airways, Morgan Stanley to name a few.
The Company is managed under the principles of good corporate governance with overall superintendence of the board of
directors. The Company’s investment team received the ISO 9001:2008 certification for its investment processes in January
2014, which validates our compliance with global best standards and its commitment towards providing best-in-class services
to its valued customers.
FAST FACTS
Headquarters Mumbai
Business Line Life Insurance
Employees Over 1800
Locations Over 80 locations across the country
Business Channels Agency, Direct & Online, Partnership Distribution and
Corporate Sales
Number of Policies since
inception
Over 11 lakhs
Capital Infused till date Over INR 1400 crore
Assets Under Management
(AUM) as at April 2016
Over INR 2700 crore
Claim Settlement Ratio
(FY2015-16)
90.61%
Average Ticket Size Over 40,000
Overall Business Growth in
FY2015-16
45% growth over last fiscal
Digital Platforms Facebook – 50,000 fans
LinkedIn – 1700 followers
Twitter – Over 500 followers
Target Markets Top 12 metros followed by State Capitals
2
AWARDS & RECOGNITIONS
CIO Awards Received the Seclore Security Supremos Special Award for
its outstanding IT implementation and stellar transformative
leadership.
ISO 10002:2014 Certification Received ISO 10002:2014 certification for addressing
grievances in a responsive, systematic and consistent
manner.
The Asian Leadership
Awards
The Company received the Best Twitter Campaign award in
the Digital and Social Media category across sectors for its
Independence Day campaign #LifeInIndia in October 2015.
CIO100 Awards The Company was honoured as one of the Versatile 100
companies across India for IT innovation and the Sourcing
Shogun Special Award for defining, implementing and
managing relationships with service providers in September
2015.
Top CISO Award The Company received the TOP 100 CISO Award in May
2015 that felicitates the top Influencers and community
contributors in the field of Information Security.
ISO 27001:2013 Certification The Information Technology team of Future Generali Life
Insurance received the ISO 27001:2013 certification in 2014
for its IT Processes which include IT Application Development
and Support, IT Infrastructure Management, IT Project
Management and IT Security Management.
ISO 9001:2008 Certification The Company received the ISO 9001:2008 certification in
2014 for its Investment processes.
EFFIE Awards The Company received the Silver EFFIE award in the
financial services category in 2011 for marketing
effectiveness during the Future Generali Insurance Week.
Guiness Book of World
Records
The Company entered the Guiness Book of World Records
for creating the longest balloon chain in the world during the
Future Generali Insurance Week between January 29 and
February 6, 2011.
Impresa Awards The Company received the Impresa award in 2s10
(organized by the Indo-Italian Chamber of Commerce) for
Market Presence for bridging the last distribution mile and
increasing consumer awareness about financial and
insurance needs through their strong network in 2009.
CIO 100 Awards The Company received the CIO “Ingenious 100” award and
the CIO 100 “Smart Infrastructure” award for the highest level
of operational and strategic excellence in Information
Technology in 2008.
SPOKESPERSONS
Munish Sharda Managing Director & CEO
Jyoti Vaswani Chief Investment Officer
3
Rakesh Wadhwa Head of Strategy & Special Projects
Ruchira Bhardwaja Chief Human Resources Officer
Subhasish Acharya EVP & Head - Agency
KEY MESSAGES
Future Generali Life Insurance believes in the philosophy of being Simpler, Smarter and Faster and this is validated through
its simple yet unique products, simplified communication across all channels, and a seamless customer engagement across
different touchpoints.
The company aims to be an insurer of choice and has taken several steps to reach out to its customers through various touch
points and to enhance customer experience.
Initiated new lines of business through online products and credit life; and has launched two new lines of distribution –
Insurance Marketing Firms and Corporate to Retail.
Forayed into its first bancassurance partnership with Saraswat Bank and Bajaj Finserv. It has also tied-up with India Nivesh
and Andromeda. For the credit life business, the company has entered into a partnership with GIC Housing Finance and
Religare; and for Retail Assurance with Big Bazaar.
WHAT FGLI HAS DONE IN THE LAST TWO YEARS
Customer Connect
1. Launched 10 unique products keeping in mind the customer’s requirements during different stages of their lifecycle.
2. Automation of processes and redefining frameworks.
3. Significant focus on digital
a. Best-in-class website – Simplified and responsive; Easy to understand, Secure, robust, scalable; Unique
Future Ready Calculator
b. Customer-friendly portal – Easy to use with simple UI, Integrated front and back end, Majority (90%) self
serviced capabilities
c. Simplified communication – Easy to understand, customer friendly proposal forms and policy literature, first
talking policy document
d. Group Customer Portal – View Fund performance/NAV, Facilitates claims process and can add/delete
customer details
4. Improved claim settlement ratio as well as claim settlement TAT through a seamless process.
5. Stringent processes and protocols to avoid misselling.
6. Implemented the Net Promoter Score (NPS) framework, is one of the most recognised methods of measuring
customer loyalty based on their ‘Likelihood to Recommend’.
People First
1. The company has created platforms to ensure that all our employees get to engage regularly with the leadership
team to ask questions and better understand the company’s strategic priorities as well as actions being taken in that
direction.
2. The company has also redefined the way in which various departments work as one team with each other to deliver
effectively to our customers with a well-defined operating rhythm and project management framework.
4
3. There are recognition programmes and strong L&D + mentorship programmes across the organisation.
4. The company has also initiated its first CSR project on solar lighting in some villages of Maharashtra.
OUR SHAREHOLDERS
ABOUT GENERALI
The Generali Group is one of the largest global insurance providers with 2014 total premium income exceeding €70 billion.
With 78,000 employees worldwide serving 72 million insured persons in more than 60 countries, the Group occupies a
leadership position on West European markets and an increasingly important place on markets in Central Eastern Europe and
Asia. In Asia, the Group operates in 10 markets: China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines,
Singapore, Thailand and Vietnam. Generali ranked among the world’s 50 smartest companies in 2015 according to the MIT
Technology Review. Generali is the only insurer to be listed.
ABOUT FUTURE GROUP
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’.
Registered Office: Future Generali Life Insurance Company Limited. Indiabulls Finance Centre, Tower 3, 6th Floor, Senapati Bapat
Marg, Elphinstone (W), Mumbai - 400 013

More Related Content

What's hot

ICICI prudent life insurance
ICICI prudent life insuranceICICI prudent life insurance
ICICI prudent life insurancejubin
 
“ROLE OF MARKETING TACTICS FOR LAUNCH OF NEW PRODUCT IN FMCG SECTOR’s ”
“ROLE OF MARKETING TACTICS FOR LAUNCH OF NEW PRODUCT  IN FMCG SECTOR’s ”“ROLE OF MARKETING TACTICS FOR LAUNCH OF NEW PRODUCT  IN FMCG SECTOR’s ”
“ROLE OF MARKETING TACTICS FOR LAUNCH OF NEW PRODUCT IN FMCG SECTOR’s ”
RAVI SINGH
 
Study of promotional strategy of icici prudential life insurance co ltd
Study of promotional strategy of icici prudential life insurance co ltdStudy of promotional strategy of icici prudential life insurance co ltd
Study of promotional strategy of icici prudential life insurance co ltd
Projects Kart
 
Companyccccc
CompanycccccCompanyccccc
Companyccccckuldeep23
 
Case study Analysis and Presentation -ICICI Lombard
Case study Analysis and Presentation -ICICI LombardCase study Analysis and Presentation -ICICI Lombard
Case study Analysis and Presentation -ICICI Lombard
Purvi Jain
 
Opening day pitch deck
Opening day pitch deck Opening day pitch deck
Opening day pitch deck
Favcy 1st cheque
 
Icici prudential project
Icici prudential projectIcici prudential project
Icici prudential project
Sukhchain Aggarwal
 
Top 24 LIC Companies in India
Top 24  LIC Companies in IndiaTop 24  LIC Companies in India
Top 24 LIC Companies in India
seemamahajan11
 
Marketing Idea for Bharti AXA life insurance
Marketing Idea for Bharti AXA life insurance Marketing Idea for Bharti AXA life insurance
Marketing Idea for Bharti AXA life insurance
Jayesh Gawde
 
B03220709
B03220709B03220709
hdfc life insurance.
hdfc life insurance.hdfc life insurance.
hdfc life insurance.
Surya Dash
 
Epgp term v mos group assignment april 2010
Epgp term v mos  group assignment april 2010Epgp term v mos  group assignment april 2010
Epgp term v mos group assignment april 2010Rajendra Inani
 
Key Recruiters at Lloyd over 10 years
Key Recruiters at Lloyd over 10 yearsKey Recruiters at Lloyd over 10 years
Key Recruiters at Lloyd over 10 yearsPuneet Kumar
 
project report on icici
project report on iciciproject report on icici
project report on iciciAmit Shankar
 
Q thrill opening day replay 10th july 2021
Q thrill   opening day replay 10th july 2021Q thrill   opening day replay 10th july 2021
Q thrill opening day replay 10th july 2021
Favcy 1st cheque
 
How EY and Credit Suisse teams brought growth opportunities to future leaders...
How EY and Credit Suisse teams brought growth opportunities to future leaders...How EY and Credit Suisse teams brought growth opportunities to future leaders...
How EY and Credit Suisse teams brought growth opportunities to future leaders...
Varun Mittal
 
Presentation1
Presentation1Presentation1
Presentation1
sameer2118
 

What's hot (20)

ICICI prudent life insurance
ICICI prudent life insuranceICICI prudent life insurance
ICICI prudent life insurance
 
“ROLE OF MARKETING TACTICS FOR LAUNCH OF NEW PRODUCT IN FMCG SECTOR’s ”
“ROLE OF MARKETING TACTICS FOR LAUNCH OF NEW PRODUCT  IN FMCG SECTOR’s ”“ROLE OF MARKETING TACTICS FOR LAUNCH OF NEW PRODUCT  IN FMCG SECTOR’s ”
“ROLE OF MARKETING TACTICS FOR LAUNCH OF NEW PRODUCT IN FMCG SECTOR’s ”
 
Study of promotional strategy of icici prudential life insurance co ltd
Study of promotional strategy of icici prudential life insurance co ltdStudy of promotional strategy of icici prudential life insurance co ltd
Study of promotional strategy of icici prudential life insurance co ltd
 
Companyccccc
CompanycccccCompanyccccc
Companyccccc
 
Case study Analysis and Presentation -ICICI Lombard
Case study Analysis and Presentation -ICICI LombardCase study Analysis and Presentation -ICICI Lombard
Case study Analysis and Presentation -ICICI Lombard
 
Icici lombard
Icici lombardIcici lombard
Icici lombard
 
Opening day pitch deck
Opening day pitch deck Opening day pitch deck
Opening day pitch deck
 
Icici prudential project
Icici prudential projectIcici prudential project
Icici prudential project
 
Top 24 LIC Companies in India
Top 24  LIC Companies in IndiaTop 24  LIC Companies in India
Top 24 LIC Companies in India
 
Marketing Idea for Bharti AXA life insurance
Marketing Idea for Bharti AXA life insurance Marketing Idea for Bharti AXA life insurance
Marketing Idea for Bharti AXA life insurance
 
Reliance project
Reliance projectReliance project
Reliance project
 
B03220709
B03220709B03220709
B03220709
 
hdfc life insurance.
hdfc life insurance.hdfc life insurance.
hdfc life insurance.
 
Epgp term v mos group assignment april 2010
Epgp term v mos  group assignment april 2010Epgp term v mos  group assignment april 2010
Epgp term v mos group assignment april 2010
 
Key Recruiters at Lloyd over 10 years
Key Recruiters at Lloyd over 10 yearsKey Recruiters at Lloyd over 10 years
Key Recruiters at Lloyd over 10 years
 
Research report divya
Research report divyaResearch report divya
Research report divya
 
project report on icici
project report on iciciproject report on icici
project report on icici
 
Q thrill opening day replay 10th july 2021
Q thrill   opening day replay 10th july 2021Q thrill   opening day replay 10th july 2021
Q thrill opening day replay 10th july 2021
 
How EY and Credit Suisse teams brought growth opportunities to future leaders...
How EY and Credit Suisse teams brought growth opportunities to future leaders...How EY and Credit Suisse teams brought growth opportunities to future leaders...
How EY and Credit Suisse teams brought growth opportunities to future leaders...
 
Presentation1
Presentation1Presentation1
Presentation1
 

Similar to Company profile-november-2016

Ageas Federal Life Insurance Company - Insurer Innovation Award 2024
Ageas Federal Life Insurance Company - Insurer Innovation Award 2024Ageas Federal Life Insurance Company - Insurer Innovation Award 2024
Ageas Federal Life Insurance Company - Insurer Innovation Award 2024
The Digital Insurer
 
The role of integrates marketing communications in life insurancet
The role of integrates marketing communications in life insurancetThe role of integrates marketing communications in life insurancet
The role of integrates marketing communications in life insurancet
Supa Buoy
 
Customer service of infosys
Customer service of infosysCustomer service of infosys
Customer service of infosys
Rohan Mohite
 
Tune Protect - Insurer transformation Award 2022
Tune Protect - Insurer transformation Award 2022Tune Protect - Insurer transformation Award 2022
Tune Protect - Insurer transformation Award 2022
The Digital Insurer
 
Foundation FRA Infosys Project- A 3 page summary of Annual Report ( FY 14-15,...
Foundation FRA Infosys Project- A 3 page summary of Annual Report ( FY 14-15,...Foundation FRA Infosys Project- A 3 page summary of Annual Report ( FY 14-15,...
Foundation FRA Infosys Project- A 3 page summary of Annual Report ( FY 14-15,...
Saurabh Mittra
 
Edelweiss GI - Insurer transformation Award 2022
Edelweiss GI - Insurer transformation Award 2022Edelweiss GI - Insurer transformation Award 2022
Edelweiss GI - Insurer transformation Award 2022
The Digital Insurer
 
Most Trusted Insurance Broking Companies Of India-2022.pdf
Most Trusted Insurance Broking Companies Of India-2022.pdfMost Trusted Insurance Broking Companies Of India-2022.pdf
Most Trusted Insurance Broking Companies Of India-2022.pdf
insightssuccess2
 
PolicyStreet - Insurtech Innovation Award 2023
PolicyStreet - Insurtech Innovation Award 2023PolicyStreet - Insurtech Innovation Award 2023
PolicyStreet - Insurtech Innovation Award 2023
The Digital Insurer
 
report on hdfc life insuarnce
report on hdfc life insuarncereport on hdfc life insuarnce
report on hdfc life insuarnce
Devendra Saraf
 
Wipro annual-report-2012-13
Wipro annual-report-2012-13Wipro annual-report-2012-13
Wipro annual-report-2012-13harjinder2222
 
Wipro Annual Report (2012-13)
Wipro Annual Report (2012-13)Wipro Annual Report (2012-13)
Wipro Annual Report (2012-13)Raman Sekhon
 
Wipro Annual Report (2012-13)
Wipro Annual Report (2012-13)Wipro Annual Report (2012-13)
Wipro Annual Report (2012-13)Raman Sekhon
 
Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020
Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020
Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020
Alchemy Crew
 
AIA - Insurer transformation Award 2022
AIA - Insurer transformation Award 2022AIA - Insurer transformation Award 2022
AIA - Insurer transformation Award 2022
The Digital Insurer
 
Research project report on investors perception towards derivative market
Research project report on investors perception towards derivative marketResearch project report on investors perception towards derivative market
Research project report on investors perception towards derivative market
Maqbool Ahmad
 
Comparative analysis of insurance market in india on hdfc-life-1-1
Comparative analysis of insurance market in india on hdfc-life-1-1Comparative analysis of insurance market in india on hdfc-life-1-1
Comparative analysis of insurance market in india on hdfc-life-1-1
Flex
 
Win win strategies in indian market
Win win strategies in indian marketWin win strategies in indian market
Win win strategies in indian market
Lav Verma
 
Infosys annual report
Infosys annual reportInfosys annual report
Infosys annual report
Hitesh Vekhande
 
HDFC Standard Life Insurance Co- Group 1.pptx
HDFC Standard Life Insurance Co- Group 1.pptxHDFC Standard Life Insurance Co- Group 1.pptx
HDFC Standard Life Insurance Co- Group 1.pptx
ParthGarg58
 
Icici securities ppt
Icici securities pptIcici securities ppt
Icici securities ppt
Ravi Verma
 

Similar to Company profile-november-2016 (20)

Ageas Federal Life Insurance Company - Insurer Innovation Award 2024
Ageas Federal Life Insurance Company - Insurer Innovation Award 2024Ageas Federal Life Insurance Company - Insurer Innovation Award 2024
Ageas Federal Life Insurance Company - Insurer Innovation Award 2024
 
The role of integrates marketing communications in life insurancet
The role of integrates marketing communications in life insurancetThe role of integrates marketing communications in life insurancet
The role of integrates marketing communications in life insurancet
 
Customer service of infosys
Customer service of infosysCustomer service of infosys
Customer service of infosys
 
Tune Protect - Insurer transformation Award 2022
Tune Protect - Insurer transformation Award 2022Tune Protect - Insurer transformation Award 2022
Tune Protect - Insurer transformation Award 2022
 
Foundation FRA Infosys Project- A 3 page summary of Annual Report ( FY 14-15,...
Foundation FRA Infosys Project- A 3 page summary of Annual Report ( FY 14-15,...Foundation FRA Infosys Project- A 3 page summary of Annual Report ( FY 14-15,...
Foundation FRA Infosys Project- A 3 page summary of Annual Report ( FY 14-15,...
 
Edelweiss GI - Insurer transformation Award 2022
Edelweiss GI - Insurer transformation Award 2022Edelweiss GI - Insurer transformation Award 2022
Edelweiss GI - Insurer transformation Award 2022
 
Most Trusted Insurance Broking Companies Of India-2022.pdf
Most Trusted Insurance Broking Companies Of India-2022.pdfMost Trusted Insurance Broking Companies Of India-2022.pdf
Most Trusted Insurance Broking Companies Of India-2022.pdf
 
PolicyStreet - Insurtech Innovation Award 2023
PolicyStreet - Insurtech Innovation Award 2023PolicyStreet - Insurtech Innovation Award 2023
PolicyStreet - Insurtech Innovation Award 2023
 
report on hdfc life insuarnce
report on hdfc life insuarncereport on hdfc life insuarnce
report on hdfc life insuarnce
 
Wipro annual-report-2012-13
Wipro annual-report-2012-13Wipro annual-report-2012-13
Wipro annual-report-2012-13
 
Wipro Annual Report (2012-13)
Wipro Annual Report (2012-13)Wipro Annual Report (2012-13)
Wipro Annual Report (2012-13)
 
Wipro Annual Report (2012-13)
Wipro Annual Report (2012-13)Wipro Annual Report (2012-13)
Wipro Annual Report (2012-13)
 
Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020
Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020
Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020
 
AIA - Insurer transformation Award 2022
AIA - Insurer transformation Award 2022AIA - Insurer transformation Award 2022
AIA - Insurer transformation Award 2022
 
Research project report on investors perception towards derivative market
Research project report on investors perception towards derivative marketResearch project report on investors perception towards derivative market
Research project report on investors perception towards derivative market
 
Comparative analysis of insurance market in india on hdfc-life-1-1
Comparative analysis of insurance market in india on hdfc-life-1-1Comparative analysis of insurance market in india on hdfc-life-1-1
Comparative analysis of insurance market in india on hdfc-life-1-1
 
Win win strategies in indian market
Win win strategies in indian marketWin win strategies in indian market
Win win strategies in indian market
 
Infosys annual report
Infosys annual reportInfosys annual report
Infosys annual report
 
HDFC Standard Life Insurance Co- Group 1.pptx
HDFC Standard Life Insurance Co- Group 1.pptxHDFC Standard Life Insurance Co- Group 1.pptx
HDFC Standard Life Insurance Co- Group 1.pptx
 
Icici securities ppt
Icici securities pptIcici securities ppt
Icici securities ppt
 

More from BiplovRoy2

2 mutual fund.basic
2  mutual fund.basic2  mutual fund.basic
2 mutual fund.basic
BiplovRoy2
 
1129419847162
11294198471621129419847162
1129419847162
BiplovRoy2
 
Aip 15 15
Aip 15 15Aip 15 15
Aip 15 15
BiplovRoy2
 
Lbs case development
Lbs case developmentLbs case development
Lbs case development
BiplovRoy2
 
Mipm report team 3
Mipm report team 3Mipm report team 3
Mipm report team 3
BiplovRoy2
 
Mipm report team 3
Mipm report team 3Mipm report team 3
Mipm report team 3
BiplovRoy2
 

More from BiplovRoy2 (7)

2 mutual fund.basic
2  mutual fund.basic2  mutual fund.basic
2 mutual fund.basic
 
1129419847162
11294198471621129419847162
1129419847162
 
Aip 15 15
Aip 15 15Aip 15 15
Aip 15 15
 
Signature
SignatureSignature
Signature
 
Lbs case development
Lbs case developmentLbs case development
Lbs case development
 
Mipm report team 3
Mipm report team 3Mipm report team 3
Mipm report team 3
 
Mipm report team 3
Mipm report team 3Mipm report team 3
Mipm report team 3
 

Recently uploaded

acting board rough title here lolaaaaaaa
acting board rough title here lolaaaaaaaacting board rough title here lolaaaaaaa
acting board rough title here lolaaaaaaa
angelicafronda7
 
Caffeinated Pitch Bible- developed by Claire Wilson
Caffeinated Pitch Bible- developed by Claire WilsonCaffeinated Pitch Bible- developed by Claire Wilson
Caffeinated Pitch Bible- developed by Claire Wilson
ClaireWilson398082
 
ashokathegreat project class 12 presentation
ashokathegreat project class 12 presentationashokathegreat project class 12 presentation
ashokathegreat project class 12 presentation
aditiyad2020
 
一比一原版UPenn毕业证宾夕法尼亚大学毕业证成绩单如何办理
一比一原版UPenn毕业证宾夕法尼亚大学毕业证成绩单如何办理一比一原版UPenn毕业证宾夕法尼亚大学毕业证成绩单如何办理
一比一原版UPenn毕业证宾夕法尼亚大学毕业证成绩单如何办理
beduwt
 
一比一原版(qut毕业证)昆士兰科技大学毕业证如何办理
一比一原版(qut毕业证)昆士兰科技大学毕业证如何办理一比一原版(qut毕业证)昆士兰科技大学毕业证如何办理
一比一原版(qut毕业证)昆士兰科技大学毕业证如何办理
taqyed
 
一比一原版(DU毕业证)迪肯大学毕业证成绩单
一比一原版(DU毕业证)迪肯大学毕业证成绩单一比一原版(DU毕业证)迪肯大学毕业证成绩单
一比一原版(DU毕业证)迪肯大学毕业证成绩单
zvaywau
 
2137ad Merindol Colony Interiors where refugee try to build a seemengly norm...
2137ad  Merindol Colony Interiors where refugee try to build a seemengly norm...2137ad  Merindol Colony Interiors where refugee try to build a seemengly norm...
2137ad Merindol Colony Interiors where refugee try to build a seemengly norm...
luforfor
 
Codes n Conventionss copy (2).pptx new new
Codes n Conventionss copy (2).pptx new newCodes n Conventionss copy (2).pptx new new
Codes n Conventionss copy (2).pptx new new
ZackSpencer3
 
IrishWritersCtrsPersonalEssaysMay29.pptx
IrishWritersCtrsPersonalEssaysMay29.pptxIrishWritersCtrsPersonalEssaysMay29.pptx
IrishWritersCtrsPersonalEssaysMay29.pptx
Aine Greaney Ellrott
 
Memory Rental Store - The Ending(Storyboard)
Memory Rental Store - The Ending(Storyboard)Memory Rental Store - The Ending(Storyboard)
Memory Rental Store - The Ending(Storyboard)
SuryaKalyan3
 
thGAP - BAbyss in Moderno!! Transgenic Human Germline Alternatives Project
thGAP - BAbyss in Moderno!!  Transgenic Human Germline Alternatives ProjectthGAP - BAbyss in Moderno!!  Transgenic Human Germline Alternatives Project
thGAP - BAbyss in Moderno!! Transgenic Human Germline Alternatives Project
Marc Dusseiller Dusjagr
 
ART FORMS OF KERALA: TRADITIONAL AND OTHERS
ART FORMS OF KERALA: TRADITIONAL AND OTHERSART FORMS OF KERALA: TRADITIONAL AND OTHERS
ART FORMS OF KERALA: TRADITIONAL AND OTHERS
Sandhya J.Nair
 
The Last Polymath: Muntadher Saleh‎‎‎‎‎‎‎‎‎‎‎‎
The Last Polymath: Muntadher Saleh‎‎‎‎‎‎‎‎‎‎‎‎The Last Polymath: Muntadher Saleh‎‎‎‎‎‎‎‎‎‎‎‎
The Last Polymath: Muntadher Saleh‎‎‎‎‎‎‎‎‎‎‎‎
iraqartsandculture
 
Inter-Dimensional Girl Boards Segment (Act 3)
Inter-Dimensional Girl Boards Segment (Act 3)Inter-Dimensional Girl Boards Segment (Act 3)
Inter-Dimensional Girl Boards Segment (Act 3)
CristianMestre
 
一比一原版(GU毕业证)格里菲斯大学毕业证成绩单
一比一原版(GU毕业证)格里菲斯大学毕业证成绩单一比一原版(GU毕业证)格里菲斯大学毕业证成绩单
一比一原版(GU毕业证)格里菲斯大学毕业证成绩单
zvaywau
 
CLASS XII- HISTORY-THEME 4-Thinkers, Bes
CLASS XII- HISTORY-THEME 4-Thinkers, BesCLASS XII- HISTORY-THEME 4-Thinkers, Bes
CLASS XII- HISTORY-THEME 4-Thinkers, Bes
aditiyad2020
 
Sundabet | Slot gacor dan terpercaya mudah menang
Sundabet | Slot gacor dan terpercaya mudah menangSundabet | Slot gacor dan terpercaya mudah menang
Sundabet | Slot gacor dan terpercaya mudah menang
Sundabet | Situs Slot gacor dan terpercaya
 
Memory Rental Store - The Chase (Storyboard)
Memory Rental Store - The Chase (Storyboard)Memory Rental Store - The Chase (Storyboard)
Memory Rental Store - The Chase (Storyboard)
SuryaKalyan3
 
2137ad - Characters that live in Merindol and are at the center of main stories
2137ad - Characters that live in Merindol and are at the center of main stories2137ad - Characters that live in Merindol and are at the center of main stories
2137ad - Characters that live in Merindol and are at the center of main stories
luforfor
 

Recently uploaded (20)

acting board rough title here lolaaaaaaa
acting board rough title here lolaaaaaaaacting board rough title here lolaaaaaaa
acting board rough title here lolaaaaaaa
 
Caffeinated Pitch Bible- developed by Claire Wilson
Caffeinated Pitch Bible- developed by Claire WilsonCaffeinated Pitch Bible- developed by Claire Wilson
Caffeinated Pitch Bible- developed by Claire Wilson
 
ashokathegreat project class 12 presentation
ashokathegreat project class 12 presentationashokathegreat project class 12 presentation
ashokathegreat project class 12 presentation
 
一比一原版UPenn毕业证宾夕法尼亚大学毕业证成绩单如何办理
一比一原版UPenn毕业证宾夕法尼亚大学毕业证成绩单如何办理一比一原版UPenn毕业证宾夕法尼亚大学毕业证成绩单如何办理
一比一原版UPenn毕业证宾夕法尼亚大学毕业证成绩单如何办理
 
一比一原版(qut毕业证)昆士兰科技大学毕业证如何办理
一比一原版(qut毕业证)昆士兰科技大学毕业证如何办理一比一原版(qut毕业证)昆士兰科技大学毕业证如何办理
一比一原版(qut毕业证)昆士兰科技大学毕业证如何办理
 
一比一原版(DU毕业证)迪肯大学毕业证成绩单
一比一原版(DU毕业证)迪肯大学毕业证成绩单一比一原版(DU毕业证)迪肯大学毕业证成绩单
一比一原版(DU毕业证)迪肯大学毕业证成绩单
 
2137ad Merindol Colony Interiors where refugee try to build a seemengly norm...
2137ad  Merindol Colony Interiors where refugee try to build a seemengly norm...2137ad  Merindol Colony Interiors where refugee try to build a seemengly norm...
2137ad Merindol Colony Interiors where refugee try to build a seemengly norm...
 
European Cybersecurity Skills Framework Role Profiles.pdf
European Cybersecurity Skills Framework Role Profiles.pdfEuropean Cybersecurity Skills Framework Role Profiles.pdf
European Cybersecurity Skills Framework Role Profiles.pdf
 
Codes n Conventionss copy (2).pptx new new
Codes n Conventionss copy (2).pptx new newCodes n Conventionss copy (2).pptx new new
Codes n Conventionss copy (2).pptx new new
 
IrishWritersCtrsPersonalEssaysMay29.pptx
IrishWritersCtrsPersonalEssaysMay29.pptxIrishWritersCtrsPersonalEssaysMay29.pptx
IrishWritersCtrsPersonalEssaysMay29.pptx
 
Memory Rental Store - The Ending(Storyboard)
Memory Rental Store - The Ending(Storyboard)Memory Rental Store - The Ending(Storyboard)
Memory Rental Store - The Ending(Storyboard)
 
thGAP - BAbyss in Moderno!! Transgenic Human Germline Alternatives Project
thGAP - BAbyss in Moderno!!  Transgenic Human Germline Alternatives ProjectthGAP - BAbyss in Moderno!!  Transgenic Human Germline Alternatives Project
thGAP - BAbyss in Moderno!! Transgenic Human Germline Alternatives Project
 
ART FORMS OF KERALA: TRADITIONAL AND OTHERS
ART FORMS OF KERALA: TRADITIONAL AND OTHERSART FORMS OF KERALA: TRADITIONAL AND OTHERS
ART FORMS OF KERALA: TRADITIONAL AND OTHERS
 
The Last Polymath: Muntadher Saleh‎‎‎‎‎‎‎‎‎‎‎‎
The Last Polymath: Muntadher Saleh‎‎‎‎‎‎‎‎‎‎‎‎The Last Polymath: Muntadher Saleh‎‎‎‎‎‎‎‎‎‎‎‎
The Last Polymath: Muntadher Saleh‎‎‎‎‎‎‎‎‎‎‎‎
 
Inter-Dimensional Girl Boards Segment (Act 3)
Inter-Dimensional Girl Boards Segment (Act 3)Inter-Dimensional Girl Boards Segment (Act 3)
Inter-Dimensional Girl Boards Segment (Act 3)
 
一比一原版(GU毕业证)格里菲斯大学毕业证成绩单
一比一原版(GU毕业证)格里菲斯大学毕业证成绩单一比一原版(GU毕业证)格里菲斯大学毕业证成绩单
一比一原版(GU毕业证)格里菲斯大学毕业证成绩单
 
CLASS XII- HISTORY-THEME 4-Thinkers, Bes
CLASS XII- HISTORY-THEME 4-Thinkers, BesCLASS XII- HISTORY-THEME 4-Thinkers, Bes
CLASS XII- HISTORY-THEME 4-Thinkers, Bes
 
Sundabet | Slot gacor dan terpercaya mudah menang
Sundabet | Slot gacor dan terpercaya mudah menangSundabet | Slot gacor dan terpercaya mudah menang
Sundabet | Slot gacor dan terpercaya mudah menang
 
Memory Rental Store - The Chase (Storyboard)
Memory Rental Store - The Chase (Storyboard)Memory Rental Store - The Chase (Storyboard)
Memory Rental Store - The Chase (Storyboard)
 
2137ad - Characters that live in Merindol and are at the center of main stories
2137ad - Characters that live in Merindol and are at the center of main stories2137ad - Characters that live in Merindol and are at the center of main stories
2137ad - Characters that live in Merindol and are at the center of main stories
 

Company profile-november-2016

  • 1. ABOUT FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LTD. Future Generali India Life Insurance is a joint venture between Future Group - a leading retailer of India, Generali Group - a global insurance group and one of the world’s 50 largest companies and Industrial Investment Trust Ltd (IITL), a leading NBFC. It provides a complete range of life insurance solutions to customers and enterprises. The Company was incorporated in September 2006 with the objective of catering to an under-insured country and provide financial security to people. The company offers a comprehensive range of products across savings, protection, unit linked policies, retirement plans as well as group products. The Company reaches out to customers through more than 17,000 advisors and FG Direct channels across the country. In a span of 9 years, the Company has presence in over 80 locations across the country. The Company has sourced over 11 lakh policies since inception, and today insures over 450 marquee corporates in India and internationally such as Cadbury, Coca-Cola, Intel, Philips, DuPont, Reebok, Jet Airways, Morgan Stanley to name a few. The Company is managed under the principles of good corporate governance with overall superintendence of the board of directors. The Company’s investment team received the ISO 9001:2008 certification for its investment processes in January 2014, which validates our compliance with global best standards and its commitment towards providing best-in-class services to its valued customers. FAST FACTS Headquarters Mumbai Business Line Life Insurance Employees Over 1800 Locations Over 80 locations across the country Business Channels Agency, Direct & Online, Partnership Distribution and Corporate Sales Number of Policies since inception Over 11 lakhs Capital Infused till date Over INR 1400 crore Assets Under Management (AUM) as at April 2016 Over INR 2700 crore Claim Settlement Ratio (FY2015-16) 90.61% Average Ticket Size Over 40,000 Overall Business Growth in FY2015-16 45% growth over last fiscal Digital Platforms Facebook – 50,000 fans LinkedIn – 1700 followers Twitter – Over 500 followers Target Markets Top 12 metros followed by State Capitals
  • 2. 2 AWARDS & RECOGNITIONS CIO Awards Received the Seclore Security Supremos Special Award for its outstanding IT implementation and stellar transformative leadership. ISO 10002:2014 Certification Received ISO 10002:2014 certification for addressing grievances in a responsive, systematic and consistent manner. The Asian Leadership Awards The Company received the Best Twitter Campaign award in the Digital and Social Media category across sectors for its Independence Day campaign #LifeInIndia in October 2015. CIO100 Awards The Company was honoured as one of the Versatile 100 companies across India for IT innovation and the Sourcing Shogun Special Award for defining, implementing and managing relationships with service providers in September 2015. Top CISO Award The Company received the TOP 100 CISO Award in May 2015 that felicitates the top Influencers and community contributors in the field of Information Security. ISO 27001:2013 Certification The Information Technology team of Future Generali Life Insurance received the ISO 27001:2013 certification in 2014 for its IT Processes which include IT Application Development and Support, IT Infrastructure Management, IT Project Management and IT Security Management. ISO 9001:2008 Certification The Company received the ISO 9001:2008 certification in 2014 for its Investment processes. EFFIE Awards The Company received the Silver EFFIE award in the financial services category in 2011 for marketing effectiveness during the Future Generali Insurance Week. Guiness Book of World Records The Company entered the Guiness Book of World Records for creating the longest balloon chain in the world during the Future Generali Insurance Week between January 29 and February 6, 2011. Impresa Awards The Company received the Impresa award in 2s10 (organized by the Indo-Italian Chamber of Commerce) for Market Presence for bridging the last distribution mile and increasing consumer awareness about financial and insurance needs through their strong network in 2009. CIO 100 Awards The Company received the CIO “Ingenious 100” award and the CIO 100 “Smart Infrastructure” award for the highest level of operational and strategic excellence in Information Technology in 2008. SPOKESPERSONS Munish Sharda Managing Director & CEO Jyoti Vaswani Chief Investment Officer
  • 3. 3 Rakesh Wadhwa Head of Strategy & Special Projects Ruchira Bhardwaja Chief Human Resources Officer Subhasish Acharya EVP & Head - Agency KEY MESSAGES Future Generali Life Insurance believes in the philosophy of being Simpler, Smarter and Faster and this is validated through its simple yet unique products, simplified communication across all channels, and a seamless customer engagement across different touchpoints. The company aims to be an insurer of choice and has taken several steps to reach out to its customers through various touch points and to enhance customer experience. Initiated new lines of business through online products and credit life; and has launched two new lines of distribution – Insurance Marketing Firms and Corporate to Retail. Forayed into its first bancassurance partnership with Saraswat Bank and Bajaj Finserv. It has also tied-up with India Nivesh and Andromeda. For the credit life business, the company has entered into a partnership with GIC Housing Finance and Religare; and for Retail Assurance with Big Bazaar. WHAT FGLI HAS DONE IN THE LAST TWO YEARS Customer Connect 1. Launched 10 unique products keeping in mind the customer’s requirements during different stages of their lifecycle. 2. Automation of processes and redefining frameworks. 3. Significant focus on digital a. Best-in-class website – Simplified and responsive; Easy to understand, Secure, robust, scalable; Unique Future Ready Calculator b. Customer-friendly portal – Easy to use with simple UI, Integrated front and back end, Majority (90%) self serviced capabilities c. Simplified communication – Easy to understand, customer friendly proposal forms and policy literature, first talking policy document d. Group Customer Portal – View Fund performance/NAV, Facilitates claims process and can add/delete customer details 4. Improved claim settlement ratio as well as claim settlement TAT through a seamless process. 5. Stringent processes and protocols to avoid misselling. 6. Implemented the Net Promoter Score (NPS) framework, is one of the most recognised methods of measuring customer loyalty based on their ‘Likelihood to Recommend’. People First 1. The company has created platforms to ensure that all our employees get to engage regularly with the leadership team to ask questions and better understand the company’s strategic priorities as well as actions being taken in that direction. 2. The company has also redefined the way in which various departments work as one team with each other to deliver effectively to our customers with a well-defined operating rhythm and project management framework.
  • 4. 4 3. There are recognition programmes and strong L&D + mentorship programmes across the organisation. 4. The company has also initiated its first CSR project on solar lighting in some villages of Maharashtra. OUR SHAREHOLDERS ABOUT GENERALI The Generali Group is one of the largest global insurance providers with 2014 total premium income exceeding €70 billion. With 78,000 employees worldwide serving 72 million insured persons in more than 60 countries, the Group occupies a leadership position on West European markets and an increasingly important place on markets in Central Eastern Europe and Asia. In Asia, the Group operates in 10 markets: China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand and Vietnam. Generali ranked among the world’s 50 smartest companies in 2015 according to the MIT Technology Review. Generali is the only insurer to be listed. ABOUT FUTURE GROUP 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’. Registered Office: Future Generali Life Insurance Company Limited. Indiabulls Finance Centre, Tower 3, 6th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400 013