Page 52 - The Insurance Times August 2024
P. 52
NEW PRODUCTS
New Product Launches
Future Generali India Insurance The onset of disability often brings substantial healthcare
expenses, making comprehensive insurance coverage crucial
launched Disability Income Protection to prevent social and financial decline. With this group
insurance Plan insurance product, we are offering employers in India the
opportunity to protect their employees from loss of income
In a first of its kind initiative, Future Generali India Insurance
(FGII) has launched Disability Income Protection insurance due to disability and financial hardship caused by the high
costs of assistive services and outpatient care required to
to provide financial security to its customers in the event of
manage disabilities.
a disability. The primary objective of this policy is to help
employers provide a financial safeguard to its employees Disability Income Protection plan, which can be offered as
against the risk of income loss, ensuring they can maintain a part of employee benefits package by employers, is not
their standard of living and meet essential expenses. only aimed at safeguarding employees against unforeseen
health challenges leading to loss of income, but also
The Disability Income Protection insurance plan from FGII underscores a company's commitment to enhancing the
is a Group Health Insurance product which covers both well-being and financial security of its workforce. This crucial
temporary and permanent disabilities. These include both support will go a long way in maintaining high levels of
physical and mental illnesses that are diagnosed while being productivity and morale, fostering an environment where
insured, physical injuries caused by accidents, and health employees feel valued and secure. By integrating this
impairments caused by unforeseen and exceptional events product into existing employee benefit offerings,
resulting in a total or partial loss of income. organizations can establish a robust safety net for their
Commenting on the launch of the new product, Mr. Ramit employees.
Goyal, Chief Distribution Officer, Future Generali India FGII aims to leverage its multi-channel distribution
Insurance, said, As a responsible insurer with DEI ingrained encompassing banks towards making this product available
in our DNA, we are committed to being a lifetime partner to employer-employees across the country. This product can
to our customers, holding their hand through their journey. also be offered by Financial institutions to its borrowers.
Supreme Court to disburse Rs.2000 crore unclaimed Gujarat crash
payout
As crores of rupees deposited with Motor Accident Claims Tribunals and labour courts remain unclaimed and efforts
are not being made to reach out to beneficiaries, Supreme Court took suo motu cognisance of the issue to ensure
that the amounts are handed over to them.
A bench of Justices Abhay Oka and Agustine George Masih, for the time being, issued notice to Gujarat govt and
Registrar of Gujarat HC as it was brought to its notice that more than Rs 2,000 crore remain deposited with the
tribunal in the state. The court took cognizance on the basis of an email written to Chief Justice of India D Y
Chandrachud seeking his indulgence to address the issue.
The Insurance Times August 2024 47
