Mumbai : In its first financial results since becoming Generali Central Life Insurance Co. Ltd., the Company today announced its business and financial performance for FY26. The Company delivered an exceptional 102% growth in individual new business premium in FY26 over the previous financial year, reaching ₹964 crore in FY26 from ₹476 crore in FY25, while also demonstrating strong customer focus by recording an outstanding 99.57% individual claim settlement ratio for FY26.
Generali Central Life Insurance is a joint venture between global insurance leader Generali and Central Bank of India, combining international expertise with a local banking legacy.
The Company’s Assets Under Management (AUM) emerged as a key highlight, crossing the ₹10,000 crore milestone to reach ₹10,470 crore in FY26, marking a strong 19 percent growth. This growth underscores robust fund management capabilities and continued policyholder confidence.
The Company’s Gross Written Premium grew by 16% to ₹2910 crore in FY26, up from ₹2511 crore in FY25, reflecting steady momentum across individual and group segments.
The total sum assured in effect increased by 26% to ₹2,03,417 crore for FY26 crore compared to ₹1,61,595 crore in FY25. This significant growth reflects the Company’s expanding protection footprint and deepening customer engagement across both individual and group segments.
The flagship Equity ULIP Fund—Future Midcap Fund—has delivered an industry-leading 18.7% CAGR since inception in November 2018 and 19.1% CAGR over the last three years. The fund continues to rank among the top-performing ULIP funds in the industry, demonstrating consistent and superior investment returns for policyholders.
While commenting on the business achievements, Mr. Alok Rungta, MD & CEO, Generali Central Life Insurance said, “We are proud of the strong and sustained growth achieved by Generali Central Life Insurance in FY26, marking our first year of operations as the refreshed brand identity. The over 100 percent growth in individual new business premiums is another key highlight, demonstrating the strength of our approach and growing customer confidence. This growth has been driven by strong performance across channels and further strengthened by the addition of Central Bank of India as a shareholder and bancassurance partner which has added trust and greater weight to our offerings. Achieving our best individual claim settlement ratio of 99.57% is a milestone we are especially proud of as they reflect our core commitment to being a trusted Lifetime Partner in securing financial futures. With AUM crossing ₹10,000 crore, we are well positioned to build on this momentum. We remain focused on innovation, expanding product offerings, and deepening customer engagement while simplifying life insurance and making it more accessible for everyone.”
Generali Central Life Insurance continues to strengthen partnerships and introduce innovative products to drive broader reach and address evolving customer needs. The Company is leveraging its Artificial Intelligence (AI) capabilities with Digital Smart Manager, an AI-driven platform that captures customer needs and recommends suitable life insurance solutions.