Central Bank of India picks stake in Future Generali entities

GlobalData

Mon, Jun 9, 2025, 4:55 AM 1 min read

The Central Bank of India (CBI) has acquired equity stakes in both Future Generali India Life Insurance Company Limited (FGILICL) and Future Generali India Insurance Company Limited (FGIICL).

The state-owned bank acquired a 25.18% stake in FGILICL for Rs570m ($6.65m) and a 24.91% stake in FGIICL for up to Rs4.5bn, both in cash.

These deals involve the purchase of 65,43,80,439 equity shares in FGILICL and 35,06,30,136 equity shares in FGIICL.

They were completed following approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority of India (IRDAI).

In November 2024, the RBI approved the CBI’s proposal to enter both life and non-life insurance sectors through a partnership with the Generali group.

The FGILICL is headquartered in Mumbai and was incorporated in 2006, with Generali holding a 73.99% stake.

The company operates through more than 1,300 owned and partnered locations across India. It offers a range of insurance solutions for individuals and groups.

The FGIICL, also based in Mumbai and incorporated in 2006, provides retail, commercial, personal and rural insurance products.

It operates in more than 150 business locations across the country. Generali holds a 74% stake in the FGIICL.

"Central Bank of India picks stake in Future Generali entities " was originally created and published by Life Insurance International, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.