Future Generali pins hopes on mallassurance via retail outlets...

Future Generali India Life Insurance is betting big on the mallassurance channel business. Capitalising on a 2-million customer base under the Future group brand outlets such as Big Bazaar and Pantaloon, the company expects its business from Mallassurance channel to go up sharply to 15% as against the current 8% to 10%, said Balram Sharma, chief operating officer, Future Generali. Mallassurance is a channel of insurance distribution which involves selling insurance to shoppers frequenting malls. Speaking to FE on the sidelines of a press conference to announce its NAV Assure product, Sharma said, We have been selling our insurance products ...

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