Mumbai, 19th February 2020: Future Generali India Life Insurance Company Limited (FGILI) today inaugurated new branches in Mumbai, to increase its footprint in Maharashtra. The new branches are located at 2 major centers, Dadar and Vasai.
Future Generali India Life Insurance Company Limited (FGILI) has undertaken an expansion plan with the title ‘Project Roar’, to increase their operational presence in India. The rational for choosing these specific locations to open new offices were based on an assessment done on demographic parameters. The Economic Potential Indicator (EPI) data released by the World Bank was also a useful pointer in the selection.
At the Mumbai branches, the company will recruit 56 employees and 336 distributors from the city. Through ‘Project Roar’, the company intends to recruit close to 346 employees and 2058 distributors in the current year and are hopeful to further increase these numbers in the next two years.
Future Generali India Life Insurance Company Ltd. (FGILI) has been focusing on expanding their agency channel by ramping up the recruiting process of new agents and opening new branches in India. Over the last 3 years, the company through its agency channel, has seen immense progress and profitability that contributes to the overall development of FGILI. The growth in agency channel’s new business has increased by 340 per cent while the department has also strengthened its workforce by 130 per cent in 3 years.
Speaking on the occasion, Subhasish Acharya – Executive Vice President and Head – Agency, Future Generali India Life Insurance Company Limited said, “Mumbai has a huge potential for the untapped insurance regions and it is about time insurers go full throttle in reaching out to its population with innovative and relevant insurance products. With Project Roar, we feel proud to be part of the government’s initiative to make insurance products accessible to all.
At FGILI, we follow a philosophy of providing customers with products that are simpler, smarter and faster to adapt in nature. We continue to aspire to be a true customer-centric company backed by technology and are positive of the business opportunities that these new locations will provide.”
The first phase of the expansion was initiated in December 2018 under the title Project Vistar. The second expansion phase under the title ‘Project Roar’ aims to improve customer-centricity by providing quick and simple solutions to actively protect and enhance peoples’ lives.
