Future Generali plans insurance for gold loan customers

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.