Future Generali India Life Insurance

Central Bank of India buys 24.91% stake in Future Generali for Rs 451 cr

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

Central Bank acquires 25.18% stake in Future Generali India Life Insurance

State-owned Central Bank of India on Thursday said it has acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (June 4), the bank has ventured into the insurance sector, Central Bank of India said in a regulatory filing. At present, Central Bank of India has 25.28 per cent stake in FGILICL, which had earned a gross written premium of Rs 1,810.53 crore in FY24. The CCI has also approved a 25.18 per cent equity stake in Future Generali India Life Insurance Company Ltd (FGILICL) through a bid/resolution plan submitted by Central Bank of India under the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. FGILICL offers savings insurance, investment plans (ULIP), term insurance plans, health insurance plans, child plans, retirement plans, rural insuran

Future Generali India Insurance launches new product exclusively for women

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

Future Generali India Life Insurance appoints Alok Rungta as MD & CEO

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

Future Generali life insurance aims to grow upto 18% CAGR by FY26: Rungta

The New Business Premium (NBP) of the company declined by 35.48 per cent in April-November 2023 to Rs 257.75 crore from Rs 399.51 crore in the year ago period

Buy minimum Rs 20 lakh indemnity cover for protection against cancer

Supplement this with a fixed-benefit plan to manage ancillary expenses

Focusing on non-motor, non-health space: Future Generali India Insurance MD

"There is a need to invest more in distribution, products, and marketing", said Rau

Startup nurture.farm partners with SBI General Insurance, Future Generali

Agri-tech startup nurture.farm on Wednesday announced its partnership with SBI General Insurance and Future Generali India Insurance Company to expand its insurance solutions for 1.9 million farmers

Generali becomes majority shareholder in Indian Life Insurance JV

Italian financial services firm Generali on Wednesday said it has become the majority shareholder of the Indian life insurance joint venture following all the regulatory approval.

Future Enterprises board meet on September 7, to take up RIL deal today

Company's board to meet today on sale of retail arms to RIL

We have been deploying money at every correction, says Jyoti Vaswani

Corporate earnings recovery would be a key positive for markets, says Jyoti Vaswani