Future Generali India Insurance Looks at 50% Year on Year

Future Generali India Insurance Company Limited ( FGII), a joint venture between Future Group and Generali global insurance group today launched 'Health Total' - a comprehensive health insurance policy. This one-of-its kind cover, comes with multiple benefits, in one single policy. 

With this new product, the company is aiming for a 50% year on year growth in its retail health portfolio over the next three years. The product has easy premium paying options. 

"With an inflation in healthcare cost of 15-16% every year, there is a growing need and awareness for health insurance covers," said K.G. Krishnamoorthy Rao, MD and CEO, Future Generali India Insurance Company Limited. "With the launch of Health Total and other new products in future coupled with strong distribution channels, we aim to create a deeper penetration of health insurance in the country. Though the sector has been growing at 20% over the last few years, we see a potential for much larger growth. We expect the health business to contribute 20% of our total business by FY 2017."