Future Generali India Life Insurance has partnered GIC Housing Finance Ltd to offer group credit life insurance through one of its products – Future Generali Loan Suraksha Plan.

This is a single premium term insurance plan which is specifically designed for financial institutions to provide life coverage to their new and existing borrowers.

This is an affordable plan which ensures the protection of the borrower to the extent of the home loan amount. The borrower also has the option of increased insurance coverage in case of a top-up or additional loans. These schemes are usually useful during unexpected eventualities.

Munish Sharda, Managing Director & Chief Executive Officer, Future Generali India Life Insurance, said, “We at Future Generali Life Insurance believe in offering need-based solutions to our valued customers and partners. Credit life insurance has proved to be beneficial not only for financial institutions but also an important product for the customer as it is hassle-free. Given the importance of this business for our organisation, we have invested resources to ensure best-in-class products and processes to serve our customers better. We are pleased to associate with GIC Housing Finance and offer our services through the Loan Suraksha Plan, with the objective of reaching out to all their customers and educating them about the importance of this product. We truly believe that this partnership will be a win-win situation for both the organisations as well as our customers.”

Warendra Sinha, Managing Director & Chief Executive Officer, GIC Housing Finance Ltd, said, “We have associated with Future Generali India Life Insurance for providing life insurance cover to the extent of housing loan to our borrowers under their scheme."

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