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2023-08-25T14:33:49Z

Creating a new article

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{{orphan|date=August 2023}}

{{Short description|Indian life insurance company}}

{{Infobox company
| name = FGILI
| logo =
| type = [[Public company|Public]]
| industry = [[Life insurance]]
| founded = {{Start date|2007}}
| hq_location = [[Mumbai]], [[India]]
| key_people = Bruce de Broize<br/>(Managing director & CEO)
Alok Rungta<br/>(Deputy CEO & CFO)
| products = Life insurance
| parent = [[Assicurazioni Generali]], [[Future Group]]
| website = {{URL|http://life.futuregenerali.in}}
}}
'''Future Generali India Life Insurance Company Limited''' (FGILI) is an Indian publicly held life insurance company headquartered in [[Mumbai|Mumbai, India]]. It is a joint venture between [[Assicurazioni Generali|Generali Group]], an Italian [[insurance company]] based in [[Trieste]], and [[Future Group]],<ref>{{Cite news |last=Gupta |first=Soumya |title=Kishore Biyani's Hamletian muddle: Will the Future Group founder walk his talk? |work=The Economic Times |url=https://economictimes.indiatimes.com/prime/consumer/kishore-biyanis-hamletian-muddle-will-the-future-group-founder-walk-his-talk/primearticleshow/68088500.cms?from=mdr |access-date= |issn=0013-0389}}</ref> an Indian [[Conglomerate (company)|conglomerate]], founded by [[Kishore Biyani]] and based in [[Mumbai]].<ref>{{Cite web |date=2022-05-10 |title=Future Enterprises sells 25% in general insurance JV; stock hits 5% lower circuit |url=https://www.fortuneindia.com/investing/future-enterprises-sells-25-in-general-insurance-jv-stock-hits-5-lower-circuit/108054 |access-date= |website=www.fortuneindia.com |language=en}}</ref> FGILI has operations in over 1,100 locations across India.<ref name=":03">{{Cite web |title=Future Generali India onboards Bruce de Broize as MD, CEO |url=https://www.vccircle.com/future-generali-india-onboards-bruce-de-broize-as-md-ceo |access-date= |website=VCCircle |language=en-US}}</ref>

== History ==
Future Generali India Life Insurance was established in 2007 as a joint venture between Future Group (74% owner) and Generali Group (26% owner). In 2013, Future Group sold 22.5% to Industrial Investment Trust Limited for ₹350 crore.<ref>{{Cite news |date=2013-12-18 |title=Biyani sells 22.5% in insurance JV to IITL for Rs 350cr |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/biyani-sells-22-5-in-insurance-jv-to-iitl-for-rs-350cr/articleshow/27547034.cms |access-date=2023-08-21 |issn=0971-8257}}</ref><ref>{{Cite news |date=2013-03-09 |title=Future Generali Life Insurance sells 22.5% stake to IITL |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/services/retail/future-generali-life-insurance-sells-22-5-stake-to-iitl/articleshow/18866355.cms?from=mdr |access-date=2023-08-21 |issn=0013-0389}}</ref> In 2022, Generali purchased 16.62% for ₹225 crore (€26 million) from Industrial Investment Trust Limited.<ref>{{Cite web |date=2022-03-30 |title= Generali is majority shareholder in Future Generali India Life Insurance|url=https://www.thehindubusinessline.com/money-and-banking/generali-is-majority-shareholder-in-future-generali-india-lifeinsurance/article65273357.ece |access-date=2023-08-21 |website=BusinessLine |language=en}}</ref> In April 2022, Bruce de Broize became CEO appointed by Generali Asia.<ref name=":03" /><ref>{{Cite web |date=2022-04-27 |title=Generali Asia appoints Bruce de Broize as MD and CEO of Future Generali India Life Insurance |url=https://www.thehindubusinessline.com/money-and-banking/generali-asia-appoints-bruce-de-broize-as-md-and-ceo-of-future-generali-india-life-insurance/article65359242.ece |access-date= |website=BusinessLine |language=en}}</ref> Geetanjali Chugh Kothari took on the role of [[Chief marketing officer|CMO]] on May 25, 2023.<ref>{{Cite web |title= Building a strong financial foundation: Smart saving tips for students|url=https://www.indiatoday.in/education-today/featurephilia/story/building-a-strong-financial-foundation-smart-saving-tips-for-students-2420694-2023-08-17 |access-date= |website=India Today |language=en}}</ref><ref>{{Cite web |last= |title=Future Generali India Life Insurance appoints Geetanjali Chugh Kothari as CMO |url=https://brandequity.economictimes.indiatimes.com/news/the-people-report/future-generali-life-insurance-appoints-geetanjali-chugh-kothari-as-cmo/100495400 |access-date= |website= |language=en}}</ref> In July 2023, Peuli Das was appointed as the Chief Insurance Officer.<ref>{{Cite web |last=www.ETBFSI.com |title=Peuli Das named Chief Insurance Officer of Future Generali India Life Insurance - ET BFSI |url=https://bfsi.economictimes.indiatimes.com/news/insurance/peuli-das-named-chief-insurance-officer-of-future-generali-india-life-insurance/101483041 |access-date=2023-08-21 |website=ETBFSI.com |language=en}}</ref>

By March 2023, Generali became the major stakeholder with a 73.99% stake in the company.<ref>{{Cite web |date=2022-05-07 |title=Generali completes acquisition of 25 per cent stake in Future Generali India Insurance |url=https://www.thehindubusinessline.com/money-and-banking/generali-completes-acquisition-of-25-per-cent-stake-in-future-generali-india-insurance/article65391311.ece |access-date=2023-08-21 |website=BusinessLine |language=en}}</ref><ref>{{Cite web |last=Kishore |first=Vijay |date=2023-06-12 |title=IT, Realty remain strong as Sensex, Nifty end in green; Infosys, HCL Tech shine |url=https://www.livemint.com/market/stock-market-news/stock-market-live-sensex-nifty-to-begin-on-steady-note-sgx-nifty-in-green-11686529974250.html |access-date= |website=mint |language=en}}</ref>

== Partnership ==

* December 13, 2016: Future Generali India Life Insurance entered into a distribution agreement with [[Bajaj Finance]].<ref>{{Cite web |date=2016-12-13 |title=FGILI enters into bancassurance pact with Bajaj Finance |url=https://www.moneycontrol.com/news/business/companies/fgili-enters-into-bancassurance-pactbajaj-finance-927592.html |access-date=2023-08-21 |website=Moneycontrol |language=en}}</ref>
* April 03, 2018: [[AU Small Finance Bank]] partnered with Future Generali India Life Insurance as a corporate agent for life insurance.<ref>{{Cite web |date=2023-07-28 |title=Future Generali India Life signs distribution pact with JM Financial |url=https://www.thehindubusinessline.com/money-and-banking/future-generali-india-life-signs-distribution-pact-with-jm-financial/article67128828.ece |access-date= |website=www.thehindubusinessline.com |language=en}}</ref>
* January 20, 2018: The company established a [[bancassurance]] partnership with [[Saraswat Co-operative Bank Ltd|Saraswat Bank]].<ref>{{Cite web |date=2016-05-03 |title=Future Generali, Saraswat Bank forge bancassurance partnership |url=https://www.thehindubusinessline.com/money-and-banking/future-generali-saraswat-bank-forge-bancassurance-partnership/article64332992.ece |access-date= |website=BusinessLine |language=en}}</ref>
* July 27, 2023: Future Generali India Life Insurance formed a partnership with [[JM Financial]] to expand its market reach nationwide.<ref>{{Cite news |last=Ghosal |first=Sutanuka |date=2023-07-27 |title=Future Generali India Life Insurance enters into strategic alliance with JM Financial Services |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/banking/finance/insure/future-generali-india-life-insurance-enters-into-strategic-alliance-with-jm-financial-services/articleshow/102176362.cms?from=mdr |access-date= |issn=0013-0389}}</ref>

== References ==
<references />
{{Insurance in India}}

[[Category:Indian companies established in 2007]]
[[Category:Insurance companies of India]]
[[Category:Life insurance companies of India]]

Future Generali India Life Insurance - Revision history

Ajay Kumar: Creating a new article