Future Generali launches two retirement plans

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Mumbai, Oct 7 (UNI) Insurance major Future Generali, the joint venture between Future Group of India and Italy-based Generali Group, have launched two retirement plans 'Future Pension Plan' and 'Future Pension Advantage Plan' (ULIP).

Future Generali India Life Insurance company chief executive officer and managing director Jayant Khosla told mediapersons here today that ''Both these plans offer distinct and relevant advantages to middle class customers in line with their needs and aspirations.

The launch of these innovative products strengthens our growing portfolio and our unique ability as India's first Integrated Insurance Provider to offer Total Insurance Solutions catering to the requirements of an ever-evolving Indian consumers.'' ''We have appointed about 5,000 agents across the country and the team would be expanded to 50,000 agents by this yearend. We expect over five lakh policyholders with volume of around Rs 450 crore by fiscal year ending March 2009. The company would invest Rs 200 crore in the next three years,'' Mr Khosla added.

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