A b o u t F u t u r e Ge Ge n e r a l i
Future Generali • A joint venture between Future Group and the Italy-based Generali Group • Presence in both life and non life insurance business • Wide network of Branches, Agents and Mallassurance outlets ensures that we are close to the customers always
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Heritage The Future Group:
• Pioneer and leader of retail business in India • Creator of many reputed and trusted store formats like Big Bazaar & Pantaloon reaches out to more than 200 million people a year • More than 1000 stores, 12 million sq. ft. of retail space across 71 cities with more than 30,000 employees • A strong understanding of Indian consumer preferences, habits and aspirations
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Heritage The Generali Group:
• 178 years old • Largest corporation in Italy • Fortune 50 company • Present in 65 countries with 84,063 employees through 315 subsidiaries including 113 insurance companies • High rating assigned by the international agencies • Over 60 million clients worldwide • Has over 350 billion Euros of Assets Under Management Palazzo Carciotti, Generali’s Headquarters at Trieste For internal circulation only
Leadership Team
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Corporate Vision & Values Vision: We pledge to provide financial security to all people & enterprises through Total Insurance Solutions.
Values: Respect For all our stakeholders-employees, customers, for all rules and regulations both internal and external.
Indian-ness Understand India’s diversity & use local understanding to respond to markets and customers.
Nimbleness Combination of speed and quality, ability to overcome all obstacles in the way of the achievement of our vision.
‘Can Do’ attitude An attitude which demonstrates our passion, entrepreneurship and positive thinking. For internal circulation only
Brand Promise The Brand’s baseline is ‘Ek shagun zindagi ke naam’. Future Generali wants to be the brand that helps our customers ‘stay blessed’ with our Total Insurance Solutions’.
For internal circulation only
Product Portfolio –
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Life Insurance
Key Milestones •
4500 + employees
•
92 branches across 81 Cities
•
163 mall stores across the country
•
More than 39,000 agents
•
152 crores of premium collection in the first year of operation-2008-09
•
Rs. 330 crores of premium collection in the second year (Jan. 2010)
•
14,70,000 lives protected
•
Outstanding Performance during economic slowdown
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Branch Network 92 Branches ZONE
BRANCHES
NORTH
25
EAST
11
CENTRAL
12
WEST
22
SOUTH
22
Additional 250 cities through Alliance Partners
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From No. 19 to No. 10 in 1 year
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Insurer
Number of Policies Oct-09 Rank
Reliance Life Bajaj Allianz Birla Sunlife ICICI Prudential SBI Life HDFC Standard Max New York Tata AIG
176,830 169,146 141,683 140,481 119,864 81,979 76,186 54,702
1 2 3 4 5 6 7 8
Kotak Mahindra Old Mutual
25,772
9
Future Generali Life Aviva
25,710 24,843
10 11
Met Life ING Vysya Bharti Axa Life Star Union Dai-ichi Canara HSBC OBC Life Shriram Life IDBI Fortis Life Sahara Life Aegon Religare DLF Pramerica
20,147 18,286 12,677 9,344 8,736 8,309 6,309 6,014 2,948 1,283
12 13 14 15 16 17 18 19 20 21
Benchmarks vis-a-vis vintage & competition
Insurer
Premium (INR Crs.)
First Year Full Year Of Operations Branches
Agents
Year
152.23
98
24440
2008-09
Aviva
76.96
12
1,868
2003-04
SBI Life
71.88
10
2,218
2002-03
Bajaj Allianz
63.39
33
14,157
2002-03
Tata AIG
52.21
13
15,451
2002-03
Kotak Mahindra Old Mutual
35.21
28
3,730
2002-03
6.32
35
1,599
2002-03
113.33
14
10861
2001-02
38.8
15
2620
2001-02
HDFC Standard
32.78
4
3214
2001-02
Birla Sunlife
28.11
19
2009
2001-02
Future Generali Life
Reliance Life (Earliear AMPS) ICICI Prudential Max New York
For internal circulation only
T h a nk y o u
