Central Bank of India has secured a 25.18% stake in Future Generali India Life Insurance Company Limited (FGILICL) for Rs 57 crore, marking a significant move into the insurance sector. The acquisition, part of the insolvency resolution process, involves the purchase of 65,43,80,439 shares of FGILICL. This investment is expected to strengthen the bank's portfolio and expand its business footprint. FGILICL, with a gross written premium of Rs 1,810.53 crore in FY24, offers a range of insurance products including term, health, and retirement plans.