Future Generali India Insurance Company Limited is a dynamic private general insurer in India, combining deep domestic market understanding with global insurance expertise. Incorporated in 2007, it is a joint venture between Future Group, one of India’s leading retail and service conglomerates, and Generali Group, a global insurance powerhouse headquartered in Italy, operating across more than 50 countries. As of 2022, Generali increased its stake to become the majority shareholder, underscoring its long-term commitment to the Indian market.
Corporate Overview
Licensed and regulated by the Insurance Regulatory and Development Authority of India (IRDAI), Future Generali has steadily carved a niche in the Indian insurance sector through innovation, operational agility, and customer-centricity. The company operates with a focused retail and SME strategy, supported by a nationwide presence of 125+ branches, over 6,000+ motor cashless garages, and more than 6,500+ health network hospitals.
Product Portfolio
Future Generali offers a comprehensive suite of general insurance products across motor, health, travel, personal accident, home, and commercial lines. Its health insurance portfolio is designed to meet the varied healthcare needs of individuals, families, and corporates. Key offerings include:
Health Super Saver Policy: A cost-effective solution combining base health coverage with super top-up benefits, ensuring higher sum insured at lower premiums.
Future Health Suraksha: A comprehensive indemnity-based plan with coverage for hospitalization, pre/post-hospitalization, daycare procedures, and domiciliary treatment.
Criticare: A critical illness policy that provides a lump-sum payout on diagnosis of 12 major life-threatening conditions.
Personal Accident Cover: Financial protection against accidental death and permanent or partial disability.
Group Health Insurance: Customizable health solutions for corporates and SMEs seeking cost-effective employee coverage.
Key Features and Differentiators
Global Expertise with Local Reach: Leverages Generali’s international experience and Future Group’s distribution capabilities to deliver tailored solutions.
Cashless Network Access: Tie-ups with 6,500+ hospitals for cashless health treatment across the country.
Digital Transformation: Robust digital infrastructure through the FG Insure App and website enables seamless policy purchase, claims registration, and renewals.
Quick Claim Settlement: Efficient claims processes, with emphasis on minimal documentation and rapid turnaround times.
Preventive Wellness Services: Offers value-added services such as annual health check-ups, health risk assessments, and teleconsultations.
Financial Strength & Market Standing
Future Generali has demonstrated consistent growth in Gross Written Premium (GWP), backed by strong capital support and prudent underwriting. The company maintains a healthy solvency ratio, adheres to IRDAI norms, and continues to strengthen its risk-based capital framework. With a rapidly expanding retail customer base and a focus on digital enablement, it enjoys a growing reputation among policyholders and distribution partners alike.
Strategic Direction
Future Generali India Insurance is strategically focused on scaling its retail and SME footprint, enhancing digital servicing models, and expanding in tier-2 and tier-3 cities. With Generali Group’s increased equity control, the company is poised to introduce more global best practices, technology-led offerings, and customer-first innovations in the Indian market. The strategic vision is clear: to be a lifetime partner to customers through simplified, accessible, and affordable insurance solutions.
