Future Generali to launch FGH

Future Generali India Insurance Company Ltd will launch Future Generali Health (FGH), an in-house cell for servicing Health Insurance clients, from November 1.

All health insurance policies issued from November 1 will be serviced in-house through FGH, said the company on Tuesday.

Future Generali will thus service its entire health insurance business directly, gradually replacing Third Party Administrators (TPAs) through this in-house cell, located at its Chinchwad in Pune.

The unit will start with a team of 40 motivated and experienced professionals with proven track record in health insurance.

Company CEO K. G. Krishnamoorthy Rao said: “Today health insurance consists of around 15% of Future Generali’s overall business and we look at increasing this to 20% over the next few years.

“The company will be concentrating on retail health and targets to increase its share in this segment and has targeted an overall health premium of Rs 110 crores. We will look at aggressively increasing this in the next few years.”

FGH will start with over 1000 hospitals in its network and will expand the list as business and requirements grow. The company is also creating a network of Diagnostic centers across country for pre-policy check up.