Alok Rungta is the Managing Director & CEO of Generali Central Life Insurance Company
Limited (GCLIC) and is instrumental in transforming Generali Central Life’s vision of being a
lifetime partner amongst all the internal and external stakeholders.
Mr. Rungta is a veteran in the Insurance and Financial Services Industry with more than 25
years of experience. He has led executive roles across insurance companies in the Philippines,
Hong Kong, and India. His deep industry knowledge of the Indian insurance market makes
him a proven leader. He has spearheaded numerous strategic initiatives in the following areas:
– Leading transformational digitization initiatives within the organization
– Growing a profitable distribution operation
– Sales innovation for acquiring and retaining customers
– Cultivating a high-performing workforce by investing in employee’s growth path
Mr. Rungta is a Chartered Accountant from the Institute of Chartered Accountants of India
and a bachelor’s in commerce from Mumbai University.
About Generali Central Life Insurance Company Limited
Generali Central Life Insurance Company Limited (formerly Future Generali India Life
Insurance Co. Ltd.), headquartered in Mumbai, is one of the leading insurance companies in
India. It brings together the global leadership and legacy of Generali and the strength of
Central Bank of India, one of the oldest nationalized banks in India.
Founded in 1831, Generali Group is the majority shareholder with a stake of 73.99%. It brings
deep insurance expertise along with best practices from its global network, driving sustainable
and profitable growth for its stakeholders. Central Bank of India, established in 1911, holds a
25.18% stake in the company. Its extensive distribution network of over 4,500 branches, along
with a wide array of financial products and services, is designed to meet diverse customer
needs.
With a strong presence across India, Generali Central Life Insurance Company Limited
provides comprehensive life insurance solutions for both individuals and groups. Reflecting a
strengthened commitment to be your Lifetime Partner, the life insurance offerings span across
various categories, including Term, Savings, Child, Retirement, Wealth Creation, and Group
life insurance plans.