Future Generali India Insurance

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Future Generali India Insurance Company Limited
IndustryFinancial services
Founded2000; 22 years ago (2000)
HeadquartersMumbai, India
Key people
Anup Rau (MD & CEO)[1]
ProductsGeneral insurance
Health insurance
Vehicle insurance
Travel insurance
Home insurance
Life insurance
Total assets3,629 Crore (2019)[2]
ParentFuture Group
Generali Group

Future Generali India Insurance (FGII) Company Limited is a private general insurance company in India.[3] The company is a joint venture between the Future Group and Assicurazioni Generali. It commenced business in September 2000 and achieved break-even in its 6th year of operation. [4] It received an ISO 9001:2008 certification in 2013 [5][6] and ISO 27001:2013 Certification in 2014. The company has tie ups with many banks including UCO Bank,[7] Bank of Maharashtra,[8] Laxmi Vilas Bank[9] and Nainital Bank[10] The company’s portfolio comprises insurance products categorised within Personal, Commercial & Social/Rural Insurance.

Presence and distribution[edit]

As of 2019, Future Generali has over 16 lakh customers in 125+ locations across India. They settle over 2.34 Lakh claims in 2018–2019. They have around 2,000 active corporate clients and over 6,000 agents.[11]

The company launched a self-servicing app – FG Insure which helps customers manage their policies, buy and renew their insurance policies, report claim and even track claims.[12]

In July 2018, the company also launched "Future Vector Care – Group", an insurance policy that will provide financial support in battling vector borne diseases like Malaria, Dengue, Zika virus.[13]

The company launched ‘Health Total’,[14] a comprehensive health insurance product in 2015. It introduced a new micro insurance cover, ‘Sukshma Hospicash’ in 2016.[15] In the same year, online exclusive travel insurance products were also launched by the company.[16]

In April 2016, the company tied up with 10 medium and small-size banks in Kolhapur and Sangli districts, aimed towards increasing rural insurance penetration.[17] In January 2017, the company entered a corporate agency tie up with Bank of Maharashtra to promote motor, home, shopkeeper and rural insurance products at the 1,896 branches of the bank.[8] It also entered into a tie-up with UCO Bank in March 2017.[18]

In 2016, FGII launched i-MoSS, an application for motor claim surveyors for faster settlement of motor claims.[19]

In 2012, FGII insured the music concert by AR Rahman for Rs 4 crore.[20] By FY 2017, the company issued 372 film insurance policies, including the acclaimed film Bahubali 2, which was insured for a sum of Rs 200 crore.[21]


The company provides a diverse range of insurance, including personal, commercial and social/rural insurance.


Future Generali India Insurance registered Gross Written Premium of Rs.2,601 crore in the financial year 2018–19 from Rs.1,951 crore in FY 2017–18, a growth of 33%. Net profit grew by 50% to Rs.118 crore in the financial year 18–19. The company has serviced more than 18 lakh policies in FY 18–19. It reported a solvency ratio of 154% in FY 2018–19[22][23]

In Rs. Crore FY 18–19 FY 17–18
Gross Premium 2,601 1,951
PBT 103 79
AUM 3,629 2,992


The shareholding pattern of the Company as on March 31, 2019 is as below:[24]
Promoters/Shareholders Percentage of Shareholding No.of shares
Future Enterprises Limited 25.50% 206,550,000
Generali Participations Netherlands NV 25.51% 206,550,000
Shendra Advisory Services Private Limited 48.99% 396,703,705
TOTAL 100% 809,803,705

CSR Initiatives[edit]

  • Their CSR unit is called Sneh which focusses on health, education and environment. Their major initiatives include village adoption, desktop donation drive, anti-tobacco awareness workshop, autism awareness, financial literacy workshop and self-defense education for women.
  • The company extended its support to ‘Muktshala’ – a residential facility to restore the educational rights of 80 tribal children of migrant workers at Mahad in Raigad district of Maharashtra.[25]
  • FGII has adopted a village in Palghar district of Maharashtra to provide access to sanitation, clean drinking water, adult education and vocational training to the 132 tribal families residing in the village.[26]
  • Best Implementation of HR Technology by HR Excellence Awards in 2016[27]


  1. ^ "Future Generali India Insurance appoints Anup Rau as CEO and MD". The Economic Times. Retrieved 7 September 2019.
  2. ^ "Annual Report 2018-2019" (PDF). Retrieved 27 November 2019.
  3. ^ "FGII CEO speaks about the future of wellness based health insurance". Money Control. 27 April 2017. Retrieved 4 November 2017.
  4. ^ "FGII targets 20% growth in FY15". Business Standard. 17 June 2014. Retrieved 31 October 2017.
  5. ^ "FGII receives ISO certification". Bima Bazar. 19 February 2013. Retrieved 31 October 2017.
  6. ^ "FGII receives ISO". APN News. 18 February 2013. Retrieved 31 October 2017.
  7. ^ "Future Generali India Insurance ties up with UCO Bank". Money Control. 15 March 2017. Retrieved 4 November 2017.
  8. ^ a b "Future Generali India Insurance ties up with Bank of Maharashtra". Business Standard. 30 January 2017. Retrieved 1 November 2017.
  9. ^ "Centrum, Lakshmi Vilas Bank in wealth management tie-up". Live Mint. 27 February 2017. Retrieved 1 November 2017.
  10. ^ "FGII adds Nainital Bank Ltd to its bouquet of Bancassurance partners in Uttarakhand". Orissa Diary. 23 August 2017. Retrieved 1 November 2017.
  11. ^ "FGII Official Data".
  12. ^ "Future Generali India Insurance launches end-to-end consumer app: FG Insure". Express Computer. Retrieved 7 August 2018.
  13. ^ "Future Generali India launches policy to cover diseases like Malaria, Dengue, Zika virus". Financial Express. Retrieved 24 July 2018.
  14. ^ "Launch of Health Total Insurance Policy". The Times Of India. 29 October 2015. Retrieved 1 November 2017.
  15. ^ "Launch of Sukshma Hospicash". India Infoline. 4 August 2016. Retrieved 1 November 2017.
  16. ^ "Launch of Travel Insurance (sold online only)". Economic Times. 14 June 2016. Retrieved 1 November 2017.
  17. ^ "FGII ties up with 10 banks in Maharashtra". Economic Times. 21 April 2016. Retrieved 1 November 2017.
  18. ^ "UCO Bank, Future Generali tie up". The Hindu Business Line. 15 March 2017. Retrieved 1 November 2017.
  19. ^ "i-moss app for Motor claim surveys". The Times Of India. 1 April 2016. Retrieved 1 November 2017.
  20. ^ "Future Generali insures A R Rahman live concert for Rs 4 crore". Economic Times. 23 May 2012. Retrieved 1 November 2017.
  21. ^ "Baahubali 2 Gets A Rs. 200 Crore Future Generali Insurance Cover". NDTV Profit. 4 May 2017. Retrieved 1 November 2017.
  22. ^ "Annual Report 2018-2019" (PDF). Retrieved 27 November 2019.
  23. ^ "Future Generali India Insurance net profit jumps 50 pc to Rs 118 cr in 2018–19". Business Standard. Retrieved 4 June 2019.
  24. ^ "Future Generali Annual Report, 2019" (PDF).{{cite web}}: CS1 maint: url-status (link)
  25. ^ "FGII extends support to Muktshala". India CSR. 30 November 2016. Retrieved 3 November 2017.
  26. ^ "FGII adopts a village".
  27. ^ "Winner of HR Excellence Award". BW Events.

External links[edit]