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Generali Group Consolidated Results - Download Now DOC

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					  26/10/2010
               Future Generali launches Future Generali Health
  PRESS        (FGH) –
RELEASE        In-house cell for servicing Health Insurance clients

               Mumbai, October 26, 2010: Future Generali India Insurance Company Ltd will launch Future
               Generali Health (FGH), an in-house cell for servicing Health Insurance clients, from November
               01, 2010. All health insurance policies issued from November 01, 2010 will be serviced in-house
               through FGH. Future Generali will thus service its entire health insurance business directly,
               gradually replacing Third Party Administrators (TPAs) through this in-house cell, located at its
               Chinchwad in Pune.


               The unit will start with a team of 40 motivated and experienced professionals with proven track
               record in health insurance. The team will also consist of medicos and hospital management
               graduates. The entire health vertical of the company, which includes health call centre,
               underwriting, claims and networking, will operate from this single location.


               On the occasion of this announcement, K. G. Krishnamoorthy Rao, CEO, Future Generali India
               Insurance Company said "Health Insurance is a growing line of business with a very high potential.
               Future Generali is a serious player in Health Insurance and looks at growing its market share.
               Service level is the most important differentiator and to ensure we provide the finest customer
               experience, we have decided to directly service our clients through our in-house servicing unit
               Future Generali Health (FGH).


               Today health insurance consists of around 15% of Future Generali’s overall business and we look
               at increasing this to 20% over the next few years. The company will be concentrating on retail
               health and targets to increase its share in this segment and has targeted an overall health
               premium of `110 crores. We will look at aggressively increasing this in the next few years,” added
               Mr. Rao.


               This initiative will help Future Generali in capturing, collating and analyzing high quality data that
               will contribute towards product development and pricing. Efficient data management capabilities
               will also help structure tailor made solutions for corporate clients thereby ensuring a combination
               of excellent service and cost management.


               FGH will start with over 1000 hospitals in its network and will expand the list as business and
               requirements grow. The Company is also creating a network of Diagnostic centers across country
               for pre-policy check up.


               Recently, Future Generali has revised its flagship product, Health Suraksha, making it more
               customer friendly. It is a hospitalization expenses product with sums insured ranging from `1 lac to
               `10 lacs and the product has plans with coverage and pricing suitable for rural as well as urban
               clientele. The company earlier launched a Critical Illness Product – Future Criticare, besides
               having few more products in the pipe line.


               Future Generali has products that cater to the needs of all segments of the society, including the
               rural and micro health insurance sector.



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For Further Information:

Ogilvy Public Relations
Lalita Aiyer                          9819199825                        lalita.aiyer@ogilvy.com
Manallii Ajmera                       9833763484                        manallii.ajmera@ogilvy.com


Future Generali
Sunanda Parekh                        9820111136                        sunanda.parekh@futuregenerali.in


Future Generali India Insurance Co Ltd, Reg No: 132, Registered Office: 001, Delta Plaza, 414 Veer Savarkar Marg, Prabhadevi,
Mumbai – 400025

The liability of Future Group and the Generali Group is limited to the extent of their shareholding in the Company. Insurance is the

subject matter of Solicitation




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ABOUT FUTURE GROUP AND GENERALI GROUP



About the Company:
Future Generali is a joint venture between the India-based Future Group and the Italy-based Generali
Group.
Future Generali is present in India in both the Life and Non-Life businesses as Future Generali India Life
Insurance Co. Ltd. and Future Generali India Insurance Co. Ltd.


 FUTURE GROUP
 Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of India’s leading
 business houses with multiple businesses spanning across the consumption space. While
 retail forms the core business activity of Future Group, group subsidiaries are present in
 consumer finance, capital, insurance, leisure and entertainment, brand development, retail real
 estate development, retail media and logistics.


 Led by its flagship enterprise, Pantaloon Retail, the group operates over 12 million square feet
 of retail space in 71 cities and towns and 65 rural locations across India. Headquartered in
 Mumbai (Bombay), Pantaloon Retail employs around 30,000 people and is listed on the Indian
 stock exchanges. The company follows a multi-format retail strategy that captures almost the
 entire consumption basket of Indian customers. In the lifestyle segment, the group operates
 Pantaloons, a fashion retail chain and Central, a chain of seamless malls. In the value
 segment, its marquee brand, Big Bazaar is a hypermarket format that combines the look, touch
 and feel of Indian bazaars with the choice and convenience of modern retail.


 The group’s specialty retail formats include sportswear retailer, Planet Sports, electronics
 retailer, eZone, home improvement chain, Home Town and rural retail chain, Aadhaar, among
 others. It also operates popular shopping portal, www.futurebazaar.com.


 Future Capital Holdings, the group’s financial arm, provides investment advisory to assets
 worth over $1 billion that are being invested in consumer brands and companies, real estate,
 hotels and logistics. It also operates a consumer finance arm with branches in 150 locations.


 Other group companies include, Future Generali, the group’s insurance venture in partnership
 with Italy’s Generali Group, Future Brands, a brand development and IPR company, Future
 Logistics, providing logistics and distribution solutions to group companies and business
 partners and Future Media, a retail media initiative.


 The group’s presence in Leisure & Entertainment segment is led through, Mumbai-based listed
 company Galaxy Entertainment Limited. Galaxy leading leisure chains, Sports Bar and Bowling
 Co. and family entertainment centres, F123. Through its partner company, Blue Foods the
 group operates around 100 restaurants and food courts through brands like Bombay Blues,
 Spaghetti Kitchen, Noodle Bar, The Spoon, Copper Chimney and Gelato.


 Future Group’s joint venture partners include, US-based stationery products retailers, Staples
 and Middle East-based Axiom Communications.


 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.’


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THE GENERALI GROUP
The Generali Group is a leading player in the global insurance and financial markets.
Established in Trieste in 1831, today the Group is one of Europe’s largest insurance providers
and the European biggest Life insurer. It is also one of the world’s top asset managers with
assets totalling more than € 400 billion. With an employed sales force of more than 100,000
people serving 70 million clients in 68 countries, the Group occupies a leadership position in
Western Europe and an increasingly important place in Eastern Europe and Asia.


The Group strategy aims to consolidate Generali’s pre-eminence on its key markets and
achieve a premier position on markets with high growth potential, establishing its leadership in
profitability.



IDENTITY CARD
Since its establishment, the Generali Group has always held a reputation for its capital and
financial strength. Its solidity derives from prudent investment management and a focus on
achieving a correct match between risk and medium/long-term profitability.
    Generali Group is one of the leading insurance groups in Europe, with a 2009 total
     premium income of more than € 70 billion
    It is present in 68 countries
    It has 70 million clients worldwide
    It has 85,000 employees
    It has over € 400 billion of assets under management
    High rating assigned by the international rating agencies:
           o     A.M. BEST: A+ STABLE
           o     Standard & Poor’s: AA- STABLE
           o     Fitch Ibca: AA- STABLE
           o     Moody’s: Aa3 STABLE




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