Generali Central Life Insurance has set an ambitious target to double its business to ₹2,000 crore over the next three years, according to company statements reported by The Hindu BusinessLine and The Economic Times. The insurance company, a 74:25 joint venture between Generali of Italy and the public sector Central Bank of India, closed the financial year 2025-26 with a first-year premium of ₹964 crore. As reported by PTI, Managing Director Alok Rungta stated the company aims to achieve this growth through its banking partner Central Bank of India and agency partners, leveraging the bank's pan-India branch network and planned product launches. The company will focus on Tier 2, 3 and 4 cities to source new business and develop products suitable for customers in these areas, as reported by The Hindu BusinessLine.
To enhance customer experience and product understanding, Generali Central Life Insurance has launched Digital Smart Manager (DSM), an Artificial Intelligence (AI)-driven platform designed to capture customers' financial requirements and recommend suitable solutions, as reported by The Hindu BusinessLine and The Economic Times. The platform transforms complex insurance jargon into clear, actionable guidance, offering tailored, future-ready solutions with complete transparency. It includes advanced tools such as human life value calculators, child education planning tools, retirement planning calculators, and portfolio analysis tools to help advisers tailor discussions based on each customer's financial priorities. For frontline teams, DSM assists in creating effective sales scripts that can be paired with dynamic, personalised benefit illustrations, instant product clarifications, and competitor comparisons. Customers receive clear, visual guidance that makes choices easier and builds trust so they feel secure about their financial decisions.
Recently, Generali Central Life Insurance announced a bonus of ₹102.54 crore for FY26, marking 21 per cent growth from the previous year, according to company reports. The bonus declaration benefited over 95,000 policies, reinforcing the company's commitment to delivering sustained value to policyholders. The declared bonus reflects a growth of nearly 75 per cent over the past five financial years, highlighting the company's consistent performance and commitment towards rewarding policyholders. Of the total bonus declared, ₹35.79 crore has been paid out through survival and maturity benefits, while the remaining amount will accrue as policy benefits payable in subsequent financial years.
