Future Generali clocks 255 percent growth in premium

Kolkata, May 18 (IANS) Future Generali India Life Insurance Company, a joint venture between Future Group of India and Generali Group of Italy, has registered 255 percent growth in total premium for 2009-10.

‘In the company’s second full year of operations ending March 31, 2010, the total premium income amounted to Rs.541.51 crore,’ a company statement said here Tuesday.

New business premium grew by 224 percent in 2009-10.

The Rs.150 crore earned in March 2010 equals the total premium collection of Future Generali Life’s first full year of operations in 2009 (Rs.152.6 crore), it said.

‘For March 2010, new business premium accounted for Rs.128 crore of the Rs.150 crore earned,’ it added.

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