50m rupees (approx. US$570k) penalty follows a 2020 remote inspection and a five-year regulatory process that concluded with IRDAI’s final order in August 2025.
Successive severe tropical storms in the Philippines resulted in approximately US$195m in economic damages, while flooding in China reached about US$2m in insured losses.
Beyond name change to Generali Central Life Insurance and Generali Central Insurance, new partners stress their renewed focus on insurance accessibility in India.
The RM1.6 billion (US$377.67 million) agreement settles a legal dispute between the two firms and includes a separate arrangement with Takaful Malaysia.
