Central Bank of India partners with Generali to strengthen insurance offerings in India.

From Yahoo Finance: 2025-06-30 05:05:00

Central Bank of India (CBI) partners with Italian insurer Generali, acquiring stakes in Future Generali India Life Insurance Company Limited (FGILICL) and Future Generali India Insurance Company Limited (FGIICL). The collaboration aims to boost Generali’s presence in life and P&C insurance in India, with rights to nominate directors and influence operations.

CBI grants Generali a trademark license and appoints them as a corporate agent for FGILICL under a distribution agreement for six years, with renewal options. Generali sees the partnership as a vote of confidence in their Indian business, enhancing brand recognition and distribution capabilities in a key growth market.

Established in 1911, CBI is a public sector bank with over 4,500 branches serving 80 million customers. The joint venture with Generali marks a strategic move to strengthen insurance offerings in India, leveraging both parties’ strengths for mutual growth and success.



Read more at Yahoo Finance: Central Bank of India forms joint venture tie-up with Generali