Ananyareddy: quick fix formatting based on references and fixed typos

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quick fix formatting based on references and fixed typos

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{{Use dmy dates|date=November 2018}}
{{Use Indian English|date=November 2018}}
{{UDP|date=March 2018}}
{{Infobox company
| name = Future Generali India Insurance Company Limited
| logo = LogoofFGII.jpg
| type = [[Joint venture]]
| industry = [[Financial services]]
| traded_as =
| slogan =
| foundation = {{start date and age|2000}}
| location = [[Mumbai]], India
| products = [[General insurance]] [[Health insurance]] [[Vehicle insurance]] [[Travel insurance]] [[Home insurance]] [[Life insurance]]
| key_people = Anup Rau (MD & CEO)<ref>{{cite news |title=Future Generali India Insurance appoints Anup Rau as CEO and MD |url=https://brandequity.economictimes.indiatimes.com/news/the-people-report/future-generali-india-insurance-appoints-anup-rau-as-ceo-and-md/71024696 |accessdate=7 September 2019 |publisher=The Economic Times}}</ref>
| assets = 3,629 Crore (2019)<ref>{{cite web |title=Annual Report 2018-2019 |url=https://general.futuregenerali.in/general-insurance/pdf/Annual%20Report/AnnualReport_2018-19.pdf |accessdate=27 November 2019}}</ref>
| num_employees =
| parent = [[Future Group]] [[Assicurazioni Generali|Generali Group]]
| homepage = {{url|https://general.futuregenerali.in/}} {{URL|https://life.futuregenerali.in/}}
}}

'''Future Generali India Insurance (FGII) Company Limited''' is a private general insurance company in India.<ref>{{cite news|url=http://www.moneycontrol.com/news/business/companies/future-generali-india-chief-sees-next-phase-of-growth-from-wellness-based-health-insurance-2266861.html|title=FGII CEO speaks about the future of wellness based health insurance|publisher=Money Control|accessdate=4 Nov 2017|date=27 Apr 2017}}</ref> The company is a joint venture between the [[Future Group]] and [[Assicurazioni Generali]]. It commenced business in September 2000 and achieved break-even in its 6th year of operation. <ref name = "FGII breakeven">{{cite news|title= FGII targets 20% growth in FY15 |url= http://www.business-standard.com/article/finance/future-generali-targets-20-growth-in-fy15-114061600779_1.html |publisher= Business Standard |date= 17 June 2014 |accessdate= 31 Oct 2017 }}</ref> It received an ISO 9001:2008 certification in 2013 <ref>{{cite news|title= FGII receives ISO certification |url= http://www.bimabazaar.com/insurance-news/1996-future-generali-insurance-receives-iso-certification |publisher= Bima Bazar |date= 19 Feb 2013 |accessdate= 31 Oct 2017 }}</ref><ref>{{cite news|title= FGII receives ISO |url= http://www.apnnews.com/future-generali-insurance-receives-iso-certification |publisher= APN News |date= 18 Feb 2013 |accessdate= 31 Oct 2017 }}</ref> and ISO 27001:2013 Certification in 2014. The company has tie ups with many banks including UCO Bank,<ref>{{cite news|title= Future Generali India Insurance ties up with UCO Bank |url= http://www.moneycontrol.com/news/business/future-generali-india-insurance-ties-up-with-uco-bank-2151059.html |publisher= Money Control |date= 15 Mar 2017 |accessdate= 4 Nov 2017 }}</ref> Bank of Maharashtra,<ref name = "FGII tieup with Bank of Maharashtra">{{cite news|title= Future Generali India Insurance ties up with Bank of Maharashtra |url= http://www.business-standard.com/article/news-ani/future-generali-india-insurance-ties-up-with-bank-of-maharashtra-117013000781_1.html |publisher= Business Standard |date= 30 Jan 2017 |accessdate= 1 Nov 2017 }}</ref> Laxmi Vilas Bank<ref>{{cite news|title= Centrum, Lakshmi Vilas Bank in wealth management tie-up |url= http://www.livemint.com/Industry/9oTkgPMgTI6JO5SFUKZQIM/Centrum-Lakshmi-Vilas-Bank-in-wealth-management-tieup.html |publisher= Live Mint |date= 27 Feb 2017 |accessdate= 1 Nov 2017 }}</ref> and Nainital Bank<ref>{{cite news|title= FGII adds Nainital Bank Ltd to its bouquet of Bancassurance partners in Uttarakhand |url= https://orissadiary.com/future-generali-india-insurance-strengthens-bancassurance-channel-adds-nainital-bank-ltd-bouquet-bancassurance-partners-uttarakhand/ |publisher= Orissa Diary |date= 23 Aug 2017 |accessdate= 1 Nov 2017 }}</ref> The company’s portfolio comprises insurance products categorised within Personal, Commercial & Social/Rural Insurance.

== Presence and distribution ==
As of 2019, Future Generali has over 16 lakh customers in 125+ locations across India. They settle over 2.34 Lakh claims in 2018–2019. They have around 2,000 active corporate clients and over 6,000 agents.<ref>{{cite web|title= FGII Official Data |url= https://general.futuregenerali.in/why-choose-us}}</ref>

The company launched a self-servicing app – FG Insure which helps customers manage their policies, buy and renew their insurance policies, report claim and even track claims.<ref>{{cite news |title=Future Generali India Insurance launches end-to-end consumer app: FG Insure |url=https://www.expresscomputer.in/news/future-generali-india-insurance-launches-end-to-end-consumer-app-fg-insure/27513/ |accessdate=7 August 2018 |publisher=Express Computer}}</ref>

In July 2018, the company also launched "Future Vector Care – Group", an insurance policy that will provide financial support in battling vector borne diseases like [[Malaria]], [[Dengue fever|Dengue]], [[Zika virus]].<ref>{{cite news |title=Future Generali India launches policy to cover diseases like Malaria, Dengue, Zika virus |url=https://www.financialexpress.com/money/insurance/future-generali-india-launches-policy-to-cover-diseases-like-malaria-dengue-zika-virus/1256554/ |accessdate=24 July 2018 |publisher=Financial Express}}</ref>

The company launched ‘Health Total’,<ref>{{cite news|title= Launch of Health Total Insurance Policy |url= https://timesofindia.indiatimes.com/business/india-business/Future-Generali-launches-Health-Total-insurance-policy/articleshow/49585223.cms |work= The Times Of India |date= 29 Oct 2015 |accessdate= 1 Nov 2017 }}</ref> a comprehensive health insurance product in 2015. It introduced a new micro insurance cover, ‘Sukshma Hospicash’ in 2016.<ref>{{cite news|title= Launch of Sukshma Hospicash |url= https://www.indiainfoline.com/article/news-sector-insurance/future-generali-india-insurance-expands-micro-insurance-portfolio-with-the-launch-of-%25e2%2580%2598sukshma-hospicash%25e2%2580%2599-116080400876_1.html |publisher= India Infoline |date= 4 Aug 2016 |accessdate= 1 Nov 2017 }}</ref> In the same year, online exclusive travel insurance products were also launched by the company.<ref>{{cite news|title= Launch of Travel Insurance (sold online only) |url= https://economictimes.indiatimes.com/wealth/personal-finance-news/future-generali-launches-travel-insurance-policy-to-be-sold-online-only/articleshow/52746430.cms |publisher= Economic Times |date= 14 Jun 2016 |accessdate= 1 Nov 2017 }}</ref>

In April 2016, the company tied up with 10 medium and small-size banks in Kolhapur and Sangli districts, aimed towards increasing rural insurance penetration.<ref>{{cite news|title= FGII ties up with 10 banks in Maharashtra |url= http://economictimes.indiatimes.com/wealth/personal-finance-news/future-generali-india-insurance-ties-up-with-10-banks-in-maharashtra/articleshow/51908816.cms |publisher= Economic Times |date= 21 Apr 2016 |accessdate= 1 Nov 2017 }}</ref> In January 2017, the company entered a corporate agency tie up with Bank of Maharashtra to promote motor, home, shopkeeper and rural insurance products at the 1,896 branches of the bank.<ref name = "FGII tieup with Bank of Maharashtra"/> It also entered into a tie-up with UCO Bank in March 2017.<ref>{{cite news|title= UCO Bank, Future Generali tie up |url= http://www.thehindubusinessline.com/money-and-banking/uco-bank-future-generali-tie-up/article9585709.ece |publisher= The Hindu Business Line |date= 15 Mar 2017 |accessdate= 1 Nov 2017 }}</ref>

In 2016, FGII launched i-MoSS, an application for motor claim surveyors for faster settlement of motor claims.<ref>{{cite news|title= i-moss app for Motor claim surveys |url= https://timesofindia.indiatimes.com/business/india-business/Future-Generali-India-Insurance-launches-i-MoSS-app-for-motor-claim-surveys/articleshow/51639674.cms |work= The Times Of India |date= 1 Apr 2016 |accessdate= 1 Nov 2017 }}</ref>

In 2012, FGII insured the music concert by AR Rahman for Rs 4 crore.<ref>{{cite news|title= Future Generali insures A R Rahman live concert for Rs 4 crore |url= https://economictimes.indiatimes.com/wealth/personal-finance-news/future-generali-insures-a-r-rahman-live-concert-for-rs-4-crore/articleshow/13408968.cms |publisher= Economic Times |date= 23 May 2012 |accessdate= 1 Nov 2017 }}</ref> By FY 2017, the company issued 372 film insurance policies, including the acclaimed film [[Baahubali 2: The Conclusion#cite_ref-58|Bahubali 2]], which was insured for a sum of Rs 200 crore.<ref>{{cite news|title= Baahubali 2 Gets A Rs. 200 Crore Future Generali Insurance Cover |url= http://profit.ndtv.com/news/corporates/article-baahubali-2-gets-a-rs-200-crore-future-generali-insurance-cover-1689653 |publisher= NDTV Profit |date= 4 May 2017 |accessdate= 1 Nov 2017 }}</ref>

== Products ==
The company provides a diverse range of insurance, including personal, commercial and social/rural insurance.

==Financials==
Future Generali India Insurance registered Gross Written Premium of Rs.2,601 crore in the financial year 2018–19 from Rs.1,951 crore in FY 2017–18, a growth of 33%. Net profit grew by 50% to Rs.118 crore in the financial year 18–19. The company has serviced more than 18 lakh policies in FY 18–19. It reported a solvency ratio of 154% in FY 2018–19<ref>{{cite web |title=Annual Report 2018-2019 |url=https://general.futuregenerali.in/general-insurance/pdf/Annual%20Report/AnnualReport_2018-19.pdf |accessdate=27 November 2019}}</ref><ref>{{cite news |title=Future Generali India Insurance net profit jumps 50 pc to Rs 118 cr in 2018–19 |url=https://www.business-standard.com/article/pti-stories/future-generali-india-insurance-net-profit-jumps-50-pc-to-rs-118-cr-in-2018-19-119060401021_1.html |accessdate=4 June 2019 |publisher=Business Standard}}</ref>
{| class="wikitable"
|In Rs. Crore
|FY 18–19
|FY 17–18
|-
|Gross Premium
|2,601
|1,951
|-
|PBT
|103
|79
|-
|AUM
|3,629
|2,992
|}

== Shareholding ==
{| class="wikitable"
|+The shareholding pattern of the Company as on March 31, 2019 is as below:<ref>{{Cite web|last=|first=|date=|title=Future Generali Annual Report, 2019|url=https://general.futuregenerali.in/general-insurance/pdf/Annual%20Report/AnnualReport_2018-19.pdf|url-status=live|archive-url=|archive-date=|access-date=|website=}}</ref>
!Promoters/Shareholders
!Percentage of Shareholding
!No.of shares
|-
|Future Enterprises Limited
|25.50%
|206,550,000
|-
|Generali Participations Netherlands NV
|25.51%
|206,550,000
|-
|Shendra Advisory Services Private Limited
|48.99%
|396,703,705
|-
|TOTAL
|100%
|809,803,705
|}

== CSR Initiatives ==
* Their CSR unit is called '''Sneh''' which focusses on health, education and environment. Their major initiatives include village adoption, desktop donation drive, anti-tobacco awareness workshop, autism awareness, financial literacy workshop and self-defense education for women.

* The company extended its support to ‘Muktshala’ – a residential facility to restore the educational rights of 80 tribal children of migrant workers at Mahad in Raigad district of Maharashtra.<ref>{{cite news|title= FGII extends support to Muktshala |url= https://indiacsr.in/future-generali-india-insurance-extends-its-support-to-muktashala |publisher= India CSR |date= 30 Nov 2016 |accessdate= 3 Nov 2017 }}</ref>

* FGII has adopted a village in Palghar district of Maharashtra to provide access to sanitation, clean drinking water, adult education and vocational training to the 132 tribal families residing in the village.<ref>{{cite news|title= FGII adopts a village|url=http://indiacsr.in/future-generali-india-insurance-adopts-a-village/}}</ref>

* Best Implementation of HR Technology by HR Excellence Awards in 2016<ref>{{cite news|title= Winner of HR Excellence Award |url= http://bwevents.co.in/bw/hr-excellence-awards/2017/HREA-2016.html |publisher= BW Events}}</ref>

== References ==
{{reflist|2}}

==External links==
* {{official|http://general.futuregenerali.in}}

{{Major insurance companies}}
{{Insurance in India}}

[[Category:Financial services companies established in 2007]]
[[Category:Insurance companies of India]]
[[Category:Financial services companies based in Mumbai]]
[[Category:2007 establishments in Maharashtra]]

Future Generali India Insurance - Revision history

Ananyareddy: quick fix formatting based on references and fixed typos

>BrownHairedGirl: dashes, →, fixed using a script

>BrownHairedGirl: dashes,
→
, fixed using a script