Quote from Mr. Munish Sharda, Managing Director & CEO, Future Generali Life Insurance on the Insurance Bill

Comments from Mr. Munish Sharda, Managing Director & CEO, Future Generali Life Insurance on the Insurance Bill

• Passing the insurance amendment bill is truly a positive step forward and the first major economic reform in recent times and Future Generali welcomes this move.

• This bill will not only enable long term development but also facilitate the reforms agenda and drive economic growth and long term funding to Indian infrastructure projects.

• The insurance bill will give more powers to the regulator which will enable them not only to regulate better but also empower them to make decisions in the favour of long term development of the industry. We also believe this bill will be beneficial for policyholders and help in increasing penetration of insurance in the under-penetrated Indian market.

• We believe increase in FDI will enable further product innovation, enhanced customer engagement and service delivery, highest standards of corporate governance norms.

• Our shareholders stand committed towards long term development and success of the life and general insurance businesses, and Generali will increase its stake in the JVs in line with the regulations and post discussions with the JV partners.