IQOCharli56 at 19:41, 6 November 2025

2025-11-06T19:41:04Z

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{{Short description|Indian insurance company founded 2006}}
{{Use dmy dates|date=November 2018}}
{{Use Indian English|date=November 2018}}
{{Infobox company
| name = Generali Central Insurance Company Limited (GCICL)
| logo = Future Generali India Insurance logo.svg
| former_name = Future Generali India Insurance
| type = Private
| traded_as =
| industry = [[Financial services]]
| foundation = {{start date and age|2006}}
| location = [[Mumbai]], India
| key_people = Anup Rau (MD & CEO)<ref>{{cite news |last1=Panda |first1=Subrata |title=Regulatory changes may bring new dawn for insurers: BFSI Summit panelists |url=https://www.business-standard.com/article/specials/regulatory-changes-may-bring-new-dawn-for-insurers-bfsi-summit-panelists-122122200942_1.html |work=business-standard.com |date=22 December 2022 |language=en}}</ref>
| products = [[Health insurance]] [[Motor insurance]] [[Travel insurance]] [[Home insurance]] [[Life insurance|Lifestyle Insurance]] [[Commercial general liability insurance|Commercial insurance]] [[Social insurance|Social/Rural Insurance]]
| assets = {{INR}} 5726.28 (2022)<ref name=AnnualReport/>
| owner = {{ubl|[[Generali Group]]|[[Central Bank of India]]}}
| num_employees =
| parent = {{ubl|[[Generali Group]]|[[Central Bank of India]]}}
| homepage = {{Official website|https://www.generalicentralinsurance.com/}}
| slogan =
}}
'''Generali Central Insurance Company Limited''' (GCICL) (formally known as '''Future Generali India Insurance Company Limited''' (FGII)) is a private general insurance company based in India.<ref>{{cite news |date=27 Apr 2017 |title=FGII CEO speaks about the future of wellness based health insurance |url=http://www.moneycontrol.com/news/business/companies/future-generali-india-chief-sees-next-phase-of-growth-from-wellness-based-health-insurance-2266861.html |access-date=4 Nov 2017 |publisher=Money Control}}</ref> It is a joint venture between [[Assicurazioni Generali|Generali Group]] and [[Central Bank of India]].<ref>{{Cite web |title=Generali Group, CBI announce new brand identity for life, general insurance JV |url=https://bfsi.economictimes.indiatimes.com/articles/generali-group-and-central-bank-of-india-unveil-new-brand-identity-for-insurance-joint-venture/123090230 |access-date=2025-08-21 |website=ETBFSI.com |language=en}}</ref> As of 2022, the Generali Group was reported to be the largest insurance company in Italy and one of the largest globally by net premiums and assets. GCICL offers products in personal, commercial, and rural insurance categories. As of 2022, the company has over 3000 active corporate clients and more than 21,500 agents.<ref name=":02">{{Cite web |date=2022-09-28 |title=Here's why non-motor, non-health insurance space is emerging as the next growth drivers |url=https://www.businesstoday.in/personal-finance/insurance/story/heres-why-non-motor-non-health-insurance-space-is-emerging-as-the-next-growth-drivers-348438-2022-09-28 |access-date=2023-02-10 |website=Business Today |language=en}}</ref>

In June 2025, the [[Central Bank of India]] acquired a 24.91% stake in Future Generali India Insurance Company Limited for ₹451 crore.<ref>{{Cite web |date=2025-06-05 |title=Central Bank of India acquires nearly 25% stake in Future Generali India Insurance for ₹451 crore {{!}} Company Business News |url=https://www.livemint.com/companies/central-bank-of-india-acquires-nearly-25-stake-in-future-generali-india-insurance-11749103528532.html |access-date=2025-08-21 |website=mint |language=en}}</ref>

== History ==
Originally established in 2006, the company received [[ISO 9000|ISO 9001:2008]] certification in 2013 and [[ISO/IEC 27001|ISO 27001:2013]] certification in 2014.<ref>{{cite news |date=19 Feb 2013 |title=FGII receives ISO certification |url=http://www.bimabazaar.com/insurance-news/1996-future-generali-insurance-receives-iso-certification |access-date=31 Oct 2017 |publisher=Bima Bazar}}</ref><ref>{{cite news |date=18 Feb 2013 |title=FGII receives ISO |url=http://www.apnnews.com/future-generali-insurance-receives-iso-certification |access-date=31 Oct 2017 |publisher=APN News}}</ref> It has partenered with India banks like [[Bank of Maharashtra]], [[UCO Bank]], and [[Bank of India]] to provide insurance products such as motor, home, health, and rural insurance.<ref>{{cite news |date=15 Mar 2017 |title=Future Generali India Insurance ties up with UCO Bank |url=http://www.moneycontrol.com/news/business/future-generali-india-insurance-ties-up-with-uco-bank-2151059.html |access-date=4 Nov 2017 |publisher=Money Control}}</ref><ref name="FGII tieup with Bank of Maharashtra2">{{cite news |date=30 Jan 2017 |title=Future Generali India Insurance ties up with Bank of Maharashtra |url=http://www.business-standard.com/article/news-ani/future-generali-india-insurance-ties-up-with-bank-of-maharashtra-117013000781_1.html |access-date=1 Nov 2017 |publisher=Business Standard}}</ref>

In May 2022, Generali acquired an additional 25 percent stake in Generali Central Insurance from Future Enterprises, increasing its overall shareholding to 74 percent.<ref>{{cite news |date=May 7, 2022 |title=Generali completes acquisition of 25% stake in Future Generali India Insurance from Future Group |url=https://economictimes.indiatimes.com/industry/banking/finance/insure/generali-completes-acquisition-of-25-stake-in-future-generali-india-insurance-from-future-group/articleshow/91401274.cms |work=[[The Economic Times]]}}</ref>

The company provides a mobile application, FG Insure, which includes functions such as policy management, insurance renewal, and claim reporting.<ref>{{cite news |date=August 7, 2018 |title=Future Generali India Insurance launches end-to-end consumer app: FG Insure |url=https://www.expresscomputer.in/news/future-generali-india-insurance-launches-end-to-end-consumer-app-fg-insure/27513/ |publisher=[[Express Computer]]}}</ref> In 2016, the company launched i-MoSS, a digital tool used by motor claim surveyors.<ref>{{cite news |date=April 1, 2016 |title=Future Generali India Insurance launches i-MoSS app for motor claim surveys |url=https://timesofindia.indiatimes.com/business/india-business/Future-Generali-India-Insurance-launches-i-MoSS-app-for-motor-claim-surveys/articleshow/51639674.cms |publisher=[[The Times of India]]}}</ref>

The [[Reserve Bank of India]] has approved [[Central Bank of India]]'s insurance sector entry via a joint venture with Future Generali India Insurance and Future Generali India Life. With a Rs 508 crore investment, the bank acquired a 24.91% stake in FGIICL and 25.18% in FILICL, The bank also got IRDAI approvals to get into joint venture.<ref>{{Cite news |date=2025-06-05 |title=Central Bank of India acquires Future's stake in life, general insurance JVs with Generali for ₹508 crore |url=https://www.thehindu.com/business/Industry/central-bank-of-india-acquires-futures-stake-in-life-general-insurance-jvs-with-generali-for-508-crore/article69660712.ece |access-date=2025-08-21 |work=The Hindu |language=en-IN |issn=0971-751X}}</ref>

== Key people ==
* Anup Rau, Managing Director & CEO<ref>{{cite news |title=Future Generali India Insurance appoints Anup Rau as CEO and MD |url=https://brandequity.economictimes.indiatimes.com/news/the-people-report/future-generali-india-insurance-appoints-anup-rau-as-ceo-and-md/71024696 |work=[[The Economic Times]] |date=September 7, 2019}}</ref>
* Devi Dayal Garg, Chief Financial Officer
* Deepak Prasad, Chief Operating Officer<ref>{{cite news |title=People want wellness benefits, mental health support in health insurance policy: Future Generali COO |url=https://economictimes.indiatimes.com/wealth/personal-finance-news/people-want-wellness-benefits-mental-health-support-in-health-insurance-policy-future-generali-coo/articleshow/90456291.cms |work=[[The Economic Times]] |date=March 28, 2022}}</ref>
* Ruchika Varma, Chief Marketing Officer<ref>{{cite news |title=Future Generali India Insurance gets Ruchika Varma as CMO |url=https://www.campaignindia.in/article/future-generali-india-insurance-gets-ruchika-varma-as-cmo/457592 |publisher=Campaign India |date=January 14, 2020}}</ref>
* Abhishek Singh, Chief Bancassurance Officer
* Ashish Lakhtakia, Chief Legal & Compliance Officer and Company Secretary
* M. Ramit Goyal, Chief Distribution Officer
* Jatin Arora, Appointed Actuary
* Ajay Panchal, Chief Risk Officer
* Milan P. Shirodkar, Chief of Investments
* Ritu Sethi, Chief Internal Audit Officer
* Sunil Wariar, Chief People Officer

== Products ==
In March 2022, the company introduced FG Dog Health Cover, a health insurance policy for pet dogs.<ref>{{cite news |date=March 3, 2022 |title=Future Generali launches health insurance plan for pet dogs |url=https://www.livemint.com/companies/news/future-generali-launches-health-insurance-plan-for-pet-dogs-11646296936832.html |publisher=[[Livemint]]}}</ref> In September 2022, it launched FG Health Absolute, a health insurance plan that includes services such as tele-counseling, health-related webinars, and access to wellness and diagnostic facilities.<ref>{{cite news |date=September 7, 2022 |title=FG Health Absolute Policy: Rs 3 lakh to Rs 1 crore health cover for up to 15 family members; check details |url=https://www.financialexpress.com/money/insurance/fg-health-absolute-policy-rs-3-lakh-to-rs-1-crore-health-cover-for-up-to-15-family-members-check-details/2656228/ |publisher=[[The Financial Express (India)|The Financial Express]]}}</ref>

==Financials==
The company reported its [[Gross premiums written|Gross Written Premium]] of ₹4,210.35 crore in the financial year 2021–22, while in FY 2020–21, it was ₹3,898.91 crore, a growth of 8%.<ref>{{Cite news |date=2022-09-01 |title=Future Generali India aims for 20pc growth in FY23 |url=https://economictimes.indiatimes.com/industry/banking/finance/insure/future-generali-india-aims-for-20pc-growth-in-fy23/articleshow/93933425.cms |access-date=2023-02-10 |work=[[The Economic Times]] |issn=0013-0389}}</ref> The company reported a solvency ratio of 166% in FY 2021–22. The Net Promoter Score (NPS), of the company stood at 59.4 in FY 2021–2022.<ref name=":02"/>

== Shareholding ==
{| class="wikitable"
|+The shareholding pattern of the Company in FY 2025-26 is as below:<ref name="AnnualReport">{{cite web |title=Annual Report 2021-22 |url=https://general.futuregenerali.in/pdf/investorInformation/annualReport/2021-22/Annual%20Report%202021-22.pdf}}</ref>
!Promoters/Shareholders
!Percentage of Shareholding
!No.of shares
|-
|Generali Participations Netherlands NV
|73.86%
|68,31,82,724
|-
|Central Bank of India
|26.14%
|221,620,981
|-
|TOTAL
|100%
|904,803,705
|}

== CSR initiatives ==
In 2018, GCICL adopted The Human Safety Net (THSN), a CSR initiative focused on community-based support programs.<ref name=":12">{{cite news |date=September 6, 2018 |title=CSR : Future Generali adopts The Human Safety Net for Families programme |url=https://indiacsr.in/csr-future-generali-adopts-human-safety-net-families-programme/ |publisher=IndiaCSR}}</ref> The company has collaborated with [[United Way Mumbai]] to support children from disadvantaged communities.<ref>{{cite news |date=January 15, 2022 |title=FGII partners with United Way Mumbai to support children from disadvantaged communities |url=https://thecsrjournal.in/fgii-partners-with-united-way-mumbai-to-support-children-from-disadvantaged-communities/ |publisher=CSR Journal}}</ref> It also donated 8,500 masks to the [[Brihanmumbai Municipal Corporation]], as part of a campaign promoting mental health awareness.<ref name=":22">{{cite news |date=February 11, 2022 |title=Future Generali India Insurance Donates 8500 Masks to the BMC with Messages on Mental Health |url=https://www.csrmandate.org/future-generali-india-insurance-donates-8500-masks-to-the-bmc-with-messages-on-mental-health/ |publisher=CSR Mandate}}</ref>

== Awards and recognition ==
The company has received several awards in recognition of its efforts in various fields. In 2022, the company received the Golden Peacock Award for Excellence in Corporate Governance.<ref>{{cite news |date=2022 |title=Golden Peacock Awards |url=https://goldenpeacockaward.com/images/previous-Result-sheets/2022/GPA%20Result%20Sheet%20-%20Corporate%20Governance%20&%20Sustainability%20(both%20Global%20&%20National)%20and%20Risk%20Management%20-%202022.pdf}}</ref> In 2021, it was awarded the BFSI Silver Medal at the ET Brand Disruption Awards by ''[[The Economic Times]]''.<ref>{{cite news |date=2021 |title=Winners list |url=https://brandequity.economictimes.indiatimes.com/disruption-awards2021/winners-list |work=[[The Economic Times]]}}</ref> The company was also named the Brand of the Year, receiving 3 Gold, 2 Silver, and 2 Bronze awards at the e4m Health Marcom Awards 2022.<ref>{{cite news |date=2021 |title=Winners |url=https://e4mevents.com/healthcare-marcom-awards-2021/winner |agency=Exchange4media}}</ref> It also won a silver award at the ETBrandEquity Shark Awards 2022.<ref>{{cite news |date=2022 |title=Winners list |url=https://brandequity.economictimes.indiatimes.com/shark-awards2022/winners-list |work=[[The Economic Times]]}}</ref> For its 2022 annual report, the company received platinum award at Marcom Awards 2022<ref>{{Cite web |title=MarCom Awards |url=http://enter.marcomawards.com/ |access-date=2023-02-10 |website=enter.marcomawards.com}}</ref> and gold award at the 2022 Spotlight Awards Global Communications Competition by LACP.<ref>{{Cite web |title=LACP 2022 Spotlight Awards Global Communications Competition |url=https://www.lacp.com/2022spotlight/awards-global-communications-competition-1126.htm |access-date=2023-02-10 |website=www.lacp.com}}</ref>

== References ==
{{reflist|2}}

{{Insurance in India}}

[[Category:Financial services companies established in 2007]]
[[Category:Insurance companies of India]]
[[Category:Financial services companies based in Mumbai]]
[[Category:2007 establishments in Maharashtra]]

Generali Central Insurance - Revision history

IQOCharli56 at 19:41, 6 November 2025