Future Generali India Life Insurance (FGILI) performed strongly in the fiscal year ending in March 2025, with new business premiums soaring by 96% to 11.92 billion rupees (143 million US dollars). Among them, individual new business increased by 19%, and group new business soared by 240%. The total underwriting premium increased by 39% year-on-year to 25.11 billion rupees. The company’s net loss narrowed significantly, dropping from 1.139 billion rupees in the previous fiscal year to 6.4 billion rupees, approaching the break-even point. Furthermore, the renewal premium increased by 10%, and the total assets under management rose to 87.84 billion rupees, indicating a continuous improvement in financial health.
The claim processing efficiency of FGILI has significantly improved. The claim rate of individual policies has increased from 96.08% to 98.08%, and the claim rate of group insurance has risen to 99.78%. The total coverage increased by 9% to 1.62 billion rupees, reflecting the expansion of customer coverage. The company further expands the market through distribution cooperation and product innovation. Alok Rungta, the Managing director, emphasizes that the company is committed to simplifying life insurance and enhancing the customer experience, creating long-term value for customers through technological and strategic investments.
Generali Group, the holding company of FGILI, performed outstandingly in the first quarter of 2025, with its consolidated operating profit increasing by 8.9% year-on-year to 2.07 billion euros. Net inflows of life insurance increased by 30.4%, and the business of property and accident insurance rose by 18.7%. The solvency adequacy ratio of the group is stable at 210%, and its capital strength is strong. The solid performance of Generali Group has further consolidated its leading position in the global insurance market.
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