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Generali Central Insurance, known as Future Generali until 2025, is a joint venture between the Italian group Generali, which holds the majority, and Central Bank of India, which acquired 24.91 per cent on 4 June 2025 after the Future group's exit.
Operating in the Indian market since 2007
Registered and headquartered in Mumbai
Generali majority, Central Bank of India 24.91%
Licensed general insurer regulated by IRDAI
Generali Central Insurance, known as Future Generali until 2025, is a joint venture between the Italian group Generali, which holds the majority, and Central Bank of India, which acquired 24.91 per cent on 4 June 2025 after the Future group's exit. In India it writes motor, health, property, marine and liability lines with a growing corporate and SME book.
We typically bring Generali Central to mid-market liability and property tenders, where Generali's European wordings discipline shows in the policy language.
3.3% of claims decided were repudiated and 3.45% closed without payment; 96.86% of the claims paid were paid within three months of intimation. In FY2023-24 it paid 93.11% of claims decided. Ranked 9 of 24 general insurers on the share of claims paid. Source: IRDAI Handbook on Indian Insurance Statistics 2024-25, Table 53, published by IRDAI on 3 February 2026. Claim settlement ratio of every general insurer in India.
Solvency ratio 1.96 as at March 2025, against IRDAI's minimum of 1.50 (2.26 a year earlier): whether it could still pay after a very bad year. Solvency ratio of every insurer.
Market share: ₹5,408 crore of gross direct premium in FY2024-25, 1.8% of Indian general insurance, 18th of 34 insurers by size. By line: fire ₹582 crore (2.4% of the market); marine ₹127 crore (2.3% of the market); motor ₹1,833 crore (1.8% of the market); health with PA and travel ₹1,859 crore (1.5% of the market). Market share of every insurer.
Health insurance claims: an incurred claims ratio of 99.4% in FY2024-25 (group 101.4%, retail 88.0%), against 87.0% for all health insurers. Incurred claim ratio of every insurer.
Policy wordings: every Generali Central product in IRDAI's register, with its UIN and wording PDF. Generali Central policy wordings.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Generali Central is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer. Headquarters photo: Generali Tower, CityLife, Milan — KaiKemmann, CC BY-SA 4.0, via Wikimedia Commons.
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