Wednesday, Apr 24 2024 | Time 07:48 Hrs(IST)
image
Business EconomyPosted at: Feb 12 2020 5:54PM


Future Generali India Life Insurance Company Ltd opens new branch in B'lore

Bangalore, Feb 12 (UNI ) In order to increase its footprint in Karnataka, Future Generali India Life Insurance Company Limited (FGILI) on Wednesday inaugurated its new branch in Bangalore.

Future Generali India Life Insurance Company Limited (FGILI) has undertaken an expansion plan with the title ‘Project Roar’, to increase their operational presence in India. The rational for choosing these specific locations to open new offices were based on an assessment done on demographic parameters. The Economic Potential Indicator (EPI) data released by the World Bank was also a useful pointer in the selection.
Through ‘Project Roar’, the company intends to recruit close to 346 employees and 2058 distributors in the current year and are hopeful to further increase these numbers in the next two years.

Future Generali India Life Insurance Company Ltd (FGILI) has been focusing on expanding their agency channel by ramping up the recruiting process of new agents and opening new branches in India. Over the last 3 years, the company through its agency channel, has seen immense progress and profitability that contributes to the overall development of FGILI. The growth in agency channel’s new business has increased by 340 per cent while the department has also strengthened its workforce by 130 per cent in 3 years.
Speaking on the occasion, Subhasish Acharya - Executive Vice President and Head - Agency, Future Generali India Life Insurance Company Limited said, “Bangalore has a huge potential for the untapped insurance regions and it is about time insurers go full throttle in reaching out to its population with innovative and relevant insurance products. With Project Roar, we feel proud to be part of the government’s initiative to make insurance products accessible to all.
At FGILI, we follow a philosophy of providing customers with products that are simpler, smarter and faster to adapt in nature. We continue to aspire to be a true customer-centric company backed by technology and are positive of the business opportunities that these new locations will provide.”
The first phase of the expansion was initiated in December 2018 under the title Project Vistar. The second expansion phase under the title ‘Project Roar’ aims to improve customer-centricity by providing quick and simple solutions to actively protect and enhance peoples’ lives.
UNI BSP GK
Please log in to get detailed story.
Tags: #Future Generali India Life Insurance Company Ltd opens new branch in B'lore
More News
Sensex ends in green; up 89 83 points

Sensex ends in green; up 89 83 points

23 Apr 2024 | 6:58 PM

Mumbai, April 23 (UNI) The stock market on Tuesday opened strong with 400 points up with all-round shopping but paired early gains towards end of the trading hour and closed at 73,738, about 90 points up from its previous close.

see more..

FHRAI seeks govt intervention to utilize increased FAR scheme for hotel industry expansion

23 Apr 2024 | 6:55 PM

New Delhi, Apr 23 (UNI) The apex association of hotels and restaurants FHRAI has approached the Government for resolution of long pending issue of not able to use the provision of increased Floor Area Ratio (FAR) saying this coming in the way to expanding the capacity and new hotel developments in Delhi.

see more..

23 Apr 2024 | 6:22 PM

New Delhi, Apr 23 (UNI) Telecom major Jio Infocomm, a wholly owned by Reliance Industries Limited, has increased its subscriber tally to 470.86 million at the end of December, 2023, up 8.76 per cent from its subscriber base of 432.92 million a year ago.

see more..

Kottayam-Kochi Rubber Market Rates

23 Apr 2024 | 6:11 PM

Kottayam, April 23 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..

Rupee marginally up 3 paise against USD

23 Apr 2024 | 4:37 PM

Mumbai, April 23 (UNI) The Rupee on Tuesday gained three paise to close at 83.34 against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image