Central Bank of India to Acquire Stakes in Future Generali Insurance

The proposed combination envisages acquisition by Central Bank of India of 24.91% equity  stake in Future Generali India Insurance Company Limited (FGIICL) and 25.18% equity stake  in Future Generali India Life Insurance Company Limited (FGILICL) through bid/resolution  plan submitted by Central bank of India under Insolvency and Bankruptcy Board of India  (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. 

Central Bank of India is a scheduled commercial bank. 

FGIICL is a general insurance company. It provides personal insurance, commercial insurance,  social & rural insurance etc. 

FGILICL is a life insurance company. It provides savings insurance, investment plans (ULIP),  term insurance plans, health insurance plans, child plans, retirement plans, rural insurance plans  and group insurance plans.