Future Generali India Insurance today launched a group insurance product Future Vector Care
Group that will provide financial support to people battling vector-borne diseases like malaria, dengue, Zika virus.
"The insurance policy is available to any person below the age of 65 years without any medical tests. The sum insured options available in the product range between Rs 10,000 to Rs 75,000 per person, per annum," it said in a statement.
This insurance plan will provide a lump sum benefit in case the insured gets hospitalised for a continuous period of 24-hours due to malaria, dengue, lymphatic filariasis, kala-azar, Japanese encephalitis, chikungunya Zika virus. ************* Inox Leisure Q1 net up 15.27% at Rs 36.99 crore *
Multiplex operator Inox Leisure today reported 15.27 rise in its consolidated net profit at Rs 36.99 crore for the first quarter ended June 30.
It had reported a net profit of Rs 32.09 crore in the corresponding quarter last fiscal.
Its income from operation on a consolidated basis for the quarter under review stood at Rs 414.94 crore, as against Rs 387.39 crore in the same period of previous fiscal.
"Content pipeline continues to be good this year. Our focus for this year has been expansion and we have stayed in-line with that," Inox Group Director Siddharth Jain said. ***************** RattanIndia appoints Anchit Lakhotiya as the head for RE biz *
RattanIndia Finance today said it has appointed Anchit Lakhotiya as the head for its real estate vertical.
With over 16 years of experience in the real estate sector, Lakhotiya will head Lonestar RattanIndia Real Estate Fund, the company said in a statement issued here.
RattanIndia Finance, is a joint venture between global private equity firm Lone Star and RattanIndia Group.
Prior to joining the firm, Lakhotiya successfully built the real estate books for Altico Capital and Standard Chartered Bank, it said.
Lone Star Funds and the RattanIndia Group have jointly invested Rs 2,600 crore in RattanIndia Finance.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)