The deal was finalised following the execution of comprehensive agreements with Italian insurance major Generali Group, including Shareholders’ Agreements, Trademark Licence Agreements, and Distribution Agreements. These arrangements define the governance, branding, and product distribution frameworks for the joint ventures.
The first, a Shareholders’ Agreement (SHA), sets out the roles, rights, and responsibilities of the Central Bank, Generali Participations Netherlands N.V., and FGILICL. It lays the foundation for corporate governance and operational cooperation among the three parties.
A second deal, the Trademark Licence Agreement (TMLA), grants Generali a non-exclusive, revocable, non-transferable, and non-assignable licence to use the Central Bank of India’s trademarks under specific terms.
Additionally, a Distribution Agreement (DA) was signed between the Bank and FGILICL to deepen their bancassurance relationship. Through this, the insurer will continue to distribute its life insurance products via the Central Bank’s branch network.
Regulatory approvals, including the green light from the Reserve Bank of India (RBI), have been secured, clearing the path for the Central Bank to activate its broader insurance strategy.
This partnership pairs the bank’s extensive domestic reach—over 4,500 branches and 20,000+ customer touchpoints—with Generali’s global expertise in insurance and asset management, spanning over 50 countries. The collaboration is expected to deliver a diverse suite of insurance products across life, health, and general categories, designed for the evolving Indian market.
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