 Online edition of India's National Newspaper Wednesday, Jan 13, 2010 ePaper | Mobile/PDA Version |
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CHENNAI: Future Generali Life Insurance, a joint venture between Future group of Kishore Biyani and the Italy-based Generali group, has come out with a unit linked insurance plan (ULIP). The product “Sanjeevani Plus” has options to pay premiums over a choice of five years, 10 years, 15 years or for whole of life or single premium. The minimum sum assured under regular premium/ limited premium option is five times the annual premium while it is 110 per cent under single premium option. The minimum premium payable is Rs. 18,000 and Rs. 75,000 respectively under the two options. Addressing presspersons here on Tuesday, G. N. Agarwal, Chief Actuary, said the company was hopeful of achieving a first-year premium income (FYP) of Rs. 750 crore for the year ending March 31, 2010. Up to December, it has achieved Rs. 300 crore against Rs. 55 crore in the same period year-ago.
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