Page 33 - Insurance Times March 2019

Dr. Chattoraj received his Degree in Master of Business Banking Finance (both from Sashi Publications). He is also
Administration from Birla Institute of Technology, Mesra, an Editorial Board Member with 'International Journal of
India and Advance Diploma from the Chartered Insurance Banking, Risk and Insurance (ISSN: 2320-7507)'. Many of his
Institute. He is a Fellow of Insurance Institute of India and articles got published in The Telegraph, The Times of India,
also holds Certificate in Health Insurance Fraud from North The Insurance Times, Prabhat Khabar The Free Press
American Training Group and Helpmate services. He also Journal, Mumbai. He also worked in the Editorial Team of
holds Post Graduate Diploma in Human Resource NIA Publication -Pravartak -2013-14 and edited e-Konnect,
Management form IGNOU, India. He received his PhD in the E- Journal of NIA in 2013.and He is also credited with
Health Insurance Marketing from Department of many research articles and conference papers. He has also
Management, University Of Pune, India. been a panel speaker at several seminars and conferences
both in India and abroad. Dr. Chattoraj is also a recognised
Dr. Chattoraj is known for his exploits in journalism. A keen PhD. Guide. He is also a member of Research Advisory
debater,he was awarded the first prize in a debate committee of PhD scholars of Symbiosis International
competition conducted by "The Telegraph", the leading university.
newspaper of Kolkata. India.
He is also the Hon. Vice -President of Risk Management
He is advisory board member of The Insurance Times and Association of India.

Future Generali India Life Insurance Company Limited

strengthens its national footprint

Opens 14 new offices and revamps offices in 3 locations

Future Generali India Life Insurance Company Limited (FGILI), undertook an expansion plan with the title ‘Project Vistar’,
to increase their operational presence in India. The first phase of the project was initiated on 31st December 2018
wherein 14 new offices were launched while 3 existing offices have been revamped. Project Vistar aims to improve
customer-centricity by providing quick and simple solutions to actively protect and enhance peoples’ lives.
The project intends to grow the existing network of branches from 103 to a total of 117 in India. This expansion will
contribute to about 10% of the company’s overall business. The rational for choosing these specific locations to open
new offices were based on an assessment done on demographic parameters. The Economic Potential Indicator (EPI)
data released by the World Bank was also a useful pointer in the selection.

Through these new branch openings, the company intends to recruit close to 150 employees and 800 distributors in
the current year and are hopeful to further increase these numbers in the next two years.

Future Generali India Life Insurance Company Ltd. (FGILI) has been focusing on expanding their agency channel by
ramping up the recruiting process of new agents and opening new branches in India. Over the last 2 years, the company
through its agency channel, has seen immense progress and profitability that contributes to the overall development
of FGILI. The growth in agency channel’s new business has increased by 260 per cent while the department has also
strengthened its workforce by 140 per cent in 2 years.

Speaking on the occasion, Subhasish Acharya - Executive Vice President and Head - Agency, Future Generali India Life
Insurance Company Limited said, “India has a huge potential for the untapped insurance market and it is about time
insurers go full throttle in reaching out to its population with innovative and relevant insurance products. With the
opening of 14 new locations, we feel proud to be part of the government’s initiative to make insurance products
accessible to all.
At FGILI, we follow a philosophy of providing customers with products that are simpler, smarter and faster to adapt in
nature. We continue to aspire to be a true customer-centric company backed by technology and are positive of the
business opportunities that these new locations will provide.”

The Insurance Times, March 2019 33