By IANS
Chennai : Future Generali India Life Insurance Company Ltd and Future Generali India Insurance Company Ltd have been granted certificates to transact life and non-life insurance business respectively.
The Insurance Regulatory and Development Authority (IRDA) Tuesday issued certificates of registration to the two firms.
The two companies are 74:26 joint ventures between India’s Future group and Generali, Europe.
The Future group will invest in the insurance companies through Pantaloon Retail (India) Limited and Pantaloon Industries Limited.
Generali is one of Europe’s largest insurance groups. Its parent company is Assicurazioni Generali S.p.A., a leading Italian insurance company.
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