*Future Generali India Insurance announces ex-gratia of INR 10 lakh to the kin of deceased off-roll associates*
Wednesday, October 20, 2021: In yet another step towards protecting its employees from the adverse effects of the COVID-19 pandemic, Future Generali India Insurance Company Limited (FGII) has decided to pay ex-gratia of INR 10 lakh to the next kin of the deceased off-roll associates. This is in addition to the initiative it had taken earlier this year to facilitate and bear the cost of vaccination for all its employees and their families.
Anup Rau, MD & CEO, Future Generali India Insurance Company Limited (FGII), said, "The virus has had a widespread impact on communities across the world and altered the way we work and live.
It put a pause on our daily lives and compelled us to adopt social distancing and remote working practices. However, considering that insurance is an essential service, our people, both on-roll and off-roll, took on the responsibility of ensuring that service delivery continued as usual. We are proud of their conduct and have proactively taken steps to protect their health and safety as an organization. The measures taken have ranged from facilitating vaccination for employees and their families to providing the necessary financial and emotional support. Our recent resolution to pay ex-gratia of INR 10 lakh to the next kin of deceased off-roll associates is in line with our efforts to keep the health, safety, and well-being of our people at the forefront."
Sunil Wariar, Chief People Officer, Future Generali India Insurance, said, "We are a 'people first' organization and have always focused on preserving the health and well-being of our employees. In the wake of the COVID-19 pandemic, we proactively extended support to our employees through various initiatives and policies. While in 2020, we introduced several engagements and mental wellness initiatives for our employees, more recently, we have taken on the responsibility of facilitating the vaccination of all our employees and their families. The support that we have extended towards our employees is in line with our philosophy of putting our people first."
In March 2020, FGII had created a relief fund to extend financial support to the tune of Rs. 50,000 to any of its business-active agents and their families in case they tested positive for COVID-19. The company has also taken multiple initiatives towards employee wellness and engagement during the lockdown period, including counselling for employees and their families to help them cope with anxiety, stress, or other mental health challenges brought about by the pandemic.
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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 190 years old global insurance group featuring among the world’s 70 largest companies*. The Company was incorporated in October 2006 and received the IRDAI license 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 Future Group. Having firmly established its credentials 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 (2020)
*Future Generali India Insurance is certified ‘Great Place to Work’ (December2020-November 2021)
About Generali Group
Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of € 70.7 billion in 2020. With more than 72,000 employees serving 65.9 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the Lifetime Partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.