Future Generali India Insurance announces increment for all its employees in the wake of the COVID-19 pandemic

Future Generali India Insurance announces increment for all its employees in the wake of the COVID-19 pandemic

 

Mumbai, July 07, 2020: In the face of an ongoing economic crisis, Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail giant Future Group and global insurer Generali, announced promotions, annual increments & variable payouts to all its employees. The company declared that there will be no layoffs of its employees during these unprecedented and volatile times.

 

They also made provision of an immediate relief fund of INR 50,000 to each of its business-active agents and their families if they are tested positive for COVID-19. 

 

With over 125 branches across India, the company has decided not to compromise on hiring and plans to recruit employees as per the business requirement. During this lockdown phase alone, FGII has onboarded over 70 employees across various levels using various digital tools for engaging, interviewing, enrolling, and inducting. The company will continue to hire as in any other year. 

 

FGII has also taken multiple initiatives towards employee wellness and engagement during the lockdown period. The company has introduced a confidential counselling helpline for employees and their families to help them cope with changes brought about by the pandemic such as anxiety, stress or work-life balance. This is supplemented by live sessions promoting physical and mental health through yoga sessions. It has also organized various engagement programmes such as talent shows and conducted virtual training sessions for employees to help them connect and learn while they work from home.

 

Mr. Anup Rau, MD & CEO, Future Generali India Insurance said, "We are a people-first company, period. We made sure that every single employee- right from the CXOs to our housekeeping staff - got their due credit and bonuses and increments in time. I don’t believe one can be a customer-centric company without being employee-centric; they are both congruent. Now, more than ever, our employees and partners need certainty and stability in their lives. We are building an organization for the long term and have the wherewithal to handle uncertainty. We are a fundamentally strong company and have the ability to respond to the new realities of the marketplace.”

 

About Future Generali India Insurance Company Limited

 

Future Generali India Insurance Company Limited is a joint venture between Future Group – the game changers in Retail Trade in India and Generali – a 189yearsold global insurance group featuring among the world’s 60 largest companies*. The Company was incorporated in September 2007 with the objective of providing retail, commercial, personal and rural insurance solutions to individuals and corporates to help them manage and mitigate risks.

 

Future Generali India has been aptly benefitting from the global Insurance expertise in diverse classes of products of Generali Group and the Indian retail game-changer Future Group. Havingfirmlyestablisheditscredentials in this segment and effectively leveraging on the skill set of both its JV partners, Future Generali India has evolved to become a Total Insurance Solutions Company.

 

*As per Fortune Global 500 Ranking (2017)

*Future Generali India Insuranceiscertified ‘Great Place to Work’ (December2019-November 2020)

 

About Generali Group

 

Generali is an independent, Italian insurance Group, with a strong international presence. Established in 1831, it is one of the largest global insurance providers present in over 60 countries with total premium income exceeding €68 billion in 2017. With nearly 71,000 employees in the world and 57 million customers, the Group has a leading position in Western Europe and an increasingly significant presence in Central and Eastern Europe as well as in Asia.