
Alok Rungta
MD & CEO, Generali Central Life Insurance
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.