Press Release

Future Generali India Insurance enters into bancassurance tie-up with Bank of India

Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between Future Group and global insurer Generali, has entered into a bancassurance tie-up with the Bank of India (BOI) for further penetration of its general insurance products. Through this alliance, FGII will offer its wide array of best-in-class and innovative insurance solutions to 5084 BOI branches spread across 28 states and 8 Union Territories.

Bancassurance tie-up forms an integral part of FGII’s growth strategy. The company has forged 15 successful alliances with public and private banks to enhance its distribution footprint to date.

Anup Rau, MD & CEO, Future Generali India Insurance, said, “Since 1906, BoI has done yeoman service to the cause of nation-building, and it’s a privilege to serve the institution and its customers. We are delighted with the opportunity to reach out to 70 million BoI customers, present across all states and union territories of our country, through their network of 5084 branches. We look forward to a long-term symbiotic relationship.”


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About Future Generali India Insurance Company Limited

Future Generali India Insurance Company Limited is a joint venture between Future Group – the game changers in Retail Trade in India and Generali – a 190 years old global insurance group featuring among the world’s 70 largest companies*. The Company was incorporated in October 2006 and received the IRDAI license in September 2007 with the objective of providing retail, commercial, personal, and rural insurance solutions to individuals and corporates to help them manage and mitigate risks.

Future Generali India has been aptly benefitting from the global Insurance expertise in diverse classes of products of Generali Group and the Future Group. Having firmly established its credentials in this segment and effectively leveraging on the skill set of both its JV partners, Future Generali India has evolved to become a Total Insurance Solutions Company.

*As per Fortune Global 500 Ranking (2020)

*Future Generali India Insurance is certified ‘Great Place to Work’ (December2020-November 2021)


About Generali Group

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of € 70.7 billion in 2020. With more than 72,000 employees serving 65.9 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the Lifetime Partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

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