Future Generali India Life Insurance (FGILI) is closing in on breakeven, significantly narrowing its losses to Rs 6.4 crore in FY25—a significant 94 per cent improvement from a Rs 113.9 crore loss in FY24.
The near-breakthrough comes on the back of robust business growth, notably a 19% year-on-year rise in individual new business premium to ₹476 crore, according to a statement.
The company’s total new business premium soared 96 per cent to Rs1,192 crore in FY25, up from Rs 609 crore in the previous fiscal. This was driven not only by individual growth but also by a sharp 240 per cent spike in group new business premium, which climbed to Rs 716 crore from ₹211 crore.
FGILI’s gross written premium rose 39 per cent to Rs 2,511 crore, while renewal premiums saw a 10 per cent increase to Rs 1,318 crore—reflecting sustained customer engagement and retention.
“We are proud of the remarkable business growth achieved in FY25. This performance is a testament to our commitment to customer-centric solutions, operational efficiency, and strategic innovation,” said Alok Rungta, MD & CEO of FGILI.
Further enhancing customer trust, the claim settlement ratio improved across the board. The individual claim settlement ratio rose to 98.08 per cent in FY25 from 96.08 per cent in FY24, while the group business ratio increased to 99.78 per cent from 99.18 per cent.
The company also reported strong growth in assets under management (AUM), reaching Rs 8,784 crore in FY25, up from Rs 7,958 crore last year. Its flagship offering, the Future Midcap Fund, delivered over 33 per cent CAGR returns over five years and maintained a 4-star rating from Morningstar—outperforming its benchmark by 2.9 per cent since its inception in 2018.
In terms of coverage, the total sum assured grew 9 per cent year-on-year to Rs1,61,595 crore. FGILI has also expanded its market reach through new products, increased operational units, and strengthened distribution partnerships.
