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{{Short description|Indian life insurance company}}{{Infobox company
| name = Generali Central Life Insurance
| logo = Generali_Central_Life_Insurance_Company_Limited.svg
| logo_size = 190px
| former_name = Future Generali India Life Insurance
| type = [[Public company|Public]]
| industry = [[Life insurance]]
| founded = {{Start date|2007}}
| hq_location = [[Mumbai]], [[India]]
| key_people = Alok Rungta<br/>(MD & CEO)
| products = Life insurance
| owner = {{ubl|[[Generali Group]]|[[Central Bank of India]]}}
| parent = {{ubl|[[Generali Group]]|[[Central Bank of India]]}}
| website = {{URL|https://www.generalicentrallife.com/}}
}}
'''Generali Central Life Insurance''' (formerly Future Generali India Life Insurance Company Limited) is an Indian publicly held life insurance company headquartered in [[Mumbai|Mumbai, India]]. It operates as a joint venture between the [[Assicurazioni Generali|Generali Group]], an Italian insurance company based in Trieste, and the [[Central Bank of India]]. The company has operations in over 1,100 locations across India.<ref>{{Cite news |last=Gupta |first=Soumya |title=Kishore Biyani's Hamletian muddle: Will the Future Group founder walk his talk? |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= |work=The Economic Times |issn=0013-0389}}</ref><ref name=":032">{{Cite web |date=27 April 2022 |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>

On 27 June 2025, [[Central Bank of India]] acquired a 25.18% stake in the company from Future Enterprises.<ref>{{Cite web |last=Rani |first=Megha |date=2025-06-27 |title=Central Bank of India completes acquisition in Future Generali Insurance Arms - CNBC TV18 |url=https://www.cnbctv18.com/market/central-bank-of-india-completes-acquisition-in-future-generali-insurance-arms-19628356.htm |access-date= |website=CNBCTV18 |language=en}}</ref>

Generali Central Life Insurance was established on 30 July 2025 as a joint venture between the Generali Group and the Central Bank of India.<ref>{{Cite web |last= |title=Generali Group and Central Bank of India announces new brand identity for their joint venture |url=https://brandequity.economictimes.indiatimes.com/news/marketing/generali-group-and-central-bank-of-india-announces-new-brand-identity-for-their-joint-venture/123090648 |access-date=2025-08-30 |website=ETBrandEquity.com |language=en}}</ref><ref name=":0">{{Cite news |last=Mittal |first=Meghna |date=June 27, 2025 |title=Central Bank of India partners with Italy’s Generali to strengthen insurance business |url=https://www.moneycontrol.com/news/business/central-bank-of-india-partners-with-italy-s-generali-to-strengthen-insurance-business-13195067.html |work=Moneycontrol}}</ref>

== History ==
The company was originally established in 2007 as a joint venture between Future Group (74% owner) and Generali Group (26% owner).<ref>{{Cite web |last=GUNASEKARAN |first=DHURAIVEL |date=2023-12-07 |title=Mid-cap mania: These ULIPs deliver up to 26% returns in the last 5 years |url=https://www.moneycontrol.com/news/photos/business/personal-finance/mid-cap-mania-these-ulips-deliver-up-to-26-returns-in-the-last-5-years-11865741-3.html |access-date= |website=Moneycontrol |language=en}}</ref> 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 |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 |work=The Times of India |issn=0971-8257}}</ref><ref>{{Cite news |date=2013-03-09 |title=Future Generali Life Insurance sells 22.5% stake to IITL |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 |work=The Economic Times |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><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> In 2023, FGILI became the first Indian insurance company to have 74% [[Foreign Direct Investment]] (FDI), with Generali becoming the major stakeholder with a 73.99% stake.<ref>{{Cite web |date=2022-01-01 |title=Future hands over majority stake to Generali in insurance JVs |url=https://www.fortuneindia.com/enterprise/future-hands-over-majority-stake-to-generali-in-insurance-jvs/106859 |access-date= |website=www.fortuneindia.com |language=en}}</ref><ref>{{Cite web |last=Dhanjal |first=Swaraj Singh |date=2022-01-27 |title=Future to sell 25% stake in insurance biz |url=https://www.livemint.com/companies/news/future-to-sell-25-stake-in-insurance-biz-11643304117150.html |access-date= |website=mint |language=en}}</ref><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>

In August 2024, the company introduced Women in Insurance (WiN), a digital sales distribution channel led by women. The programme recruits women, particularly from non‑metro MBA institutions, and provides training for sales roles in the company.<ref>{{Cite web |last= |date=2024-08-28 |title=Future Generali India Life Insurance launches women-led digital sales channel 'WiN' |url=https://mediabrief.com/future-generali-india-life-insurance-introduces-women-led-digital-sales-channel/ |access-date=2025-08-30 |website=MediaBrief |language=en-US}}</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.<ref>{{Cite news |last= |first= |date=2024-11-22 |title=RBI nod for Central Bank of India’s insurance foray in JV with Future Generali |url=https://www.thehindu.com/business/rbi-nod-for-central-bank-of-indias-insurance-foray-in-jv-with-future-generali/article68899121.ece |access-date= |work=The Hindu |language=en-IN |issn=0971-751X}}</ref> With a Rs 508 crore investment, the bank acquired a 24.91% stake in FGIICL and 25.18% in FILICL, they got IRDAI approvals.<ref>{{Cite news |last= |first= |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= |work=The Hindu |language=en-IN |issn=0971-751X}}</ref>

Starting from April 2024, Alok Rungta has been appointed as the Managing Director and Chief Executive Officer at Future Generali India Life Insurance.<ref>{{Cite news |date=Mar 1, 2024 |title=Future Generali India Life Insurance appoints Alok Rungta as MD & CEO |url=https://www.business-standard.com/companies/news/future-generali-india-life-insurance-appoints-alok-rungta-as-md-ceo-124030100410_1.html |work=Business-Standard}}</ref>

As of June 30, 2025, the Future Apex Fund was rated five-star by [[Morningstar, Inc.|Morningstar]], delivering up to 24.2 % CAGR over five years, and the Future Midcap Fund was rated four-star by Morningstar, delivering up to 30.80 % CAGR over the past five years.<ref>{{Cite web |title=Future Generali Life - Future Apex Fund {{!}} Insurance Fund Overview {{!}} Morningstar India |url=https://www.morningstar.in/insurance/f00000nusf/future-generali-life-future-apex-fund/overview.aspx |access-date=2025-08-30 |website=www.morningstar.in}}</ref>

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

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

Generali Central Life Insurance - Revision history

Chefajaychopra123: starting bio - done