Future Generali plans insurance for gold loan GALABARA

Monday 02, February, 2009 KOCHI: Future Generali, the insurance joint venture between Future Group and Generali Group of Italy, has announced a scheme to provide insurance cover for the gold loan customers of Manappuram General Finance & Leasing Ltd. The gold loan customers will be covered by a life cover of Rs 22,222 and an accident insurance cover of Rs 50,000 per person. This will be given at a minimum premium of Rs 295.20 per year. Future Generali has 97 branches in the country. By March 2009, this will go up to 100 branches. In Kerala, the group has 6 branches at present. The Group is planning to open more branches next year. Future Generali offers both life and general insurance solutions. The company is likely to achieve a turnover of Rs 500 crore this year.

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