Future Generali India Insurance

State-owned Central Bank of India buys 24.91% stake in Future Generali India and 25.18% in its life insurance arm following approvals from CCI, RBI and IRDAI

The bank's strategic acquisition of 350.63 million shares in Future Generali India Insurance marks its entry into the general insurance sector

Rau discusses plans to focus on the underpenetrated non-motor, non-health space to support growth

It is an integration of preventive and comprehensive healthcare plans that includes infertility treatment, stem cell storage, nursing care, senior care and more

Industry veteran has 'deep understanding of diverse markets', says company

They should avoid professional indemnity policies with sub-limits or high deductible

The transaction is expected to be completed in Q2FY23, subject to regulatory approvals and satisfaction of the terms and conditions set out in the share purchase agreement.

Future Enterprises has defaulted on repayment of Rs 2,911.51 crore of loans to lenders

Debt-ridden Future Group said it has completed the sale of its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to its JV partner Generali for Rs 1,266.07 crore

A local court in Mumbai, following objections raised by some bold holders of Future companies, had last month put on hold the plan of the cash-starved Future Enterprises to sell 25% of its stake

In its digital transformation initiatives, FGII launched in-house motor claim settlement platform i-Moss in 2016 that ensures on-the-spot settlement of most motor insurance claims filed with it

With the help of i-MoSS, company expects on-the-spot conclusion of 70% of its motor insurance claims