Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Key Management Persons
Leading with purpose to deliver on our promises every day.
Alok Rungta
Managing Director & CEOAlok Rungta is the Managing Director & CEO of Generali Central Life Insurance Company Limited (GCLIC) and is instrumental in transforming the Generali Central India 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.
Aditya Mall
Appointed ActuaryAditya Mall is the Appointed Actuary at Generali Central Life Insurance Company Ltd., a position he has held since February 2023. In this role, he leads the actuarial function, focusing on policy offerings, regular valuations of policyholder liabilities, and ensuring the protection of policyholders' interests. Prior to this appointment, Aditya served as Vice President, Actuary, at Generali Central Life Insurance, contributing to the company's actuarial strategies and operations. He joined the company in 2015 and has been instrumental in its growth and transformation. Aditya is a Chartered Accountant and a Fellow of both the Institute and Faculty of Actuaries, UK, and the Institute of Actuaries of India. He holds a Bachelor of Commerce in Accounting, Finance, and Taxation from St. Xavier's College.
Dinesh Arora
Executive Vice President & Head Internal AuditDinesh Arora is the Senior Vice President and Head of Internal Audit at Generali Central India Life insurance Company Limited. Dinesh joined the company in August 2016 and comes with 16+ years of experience in various business areas like, Internal Audit, Risk Management, Operations and Sales Strategy. At GCLI, he is responsible for preparing and implementing a risk-based audit plan to assess, report on, and make suggestions for improving the company’s key operational and financial activities and internal controls by giving an objective and evidence based opinion on all aspects of governance, risk management and internal control. He also plays an important role in delivering the organization’s strategic objectives by championing best practice in governance and objectively assessing the adequacy of governance and management of existing risks. Dinesh is a Chartered Accountant and a Certified Internal Auditor. He has previously worked in PwC, KPMG, Aviva Life Insurance and PNB MetLife prior to joining Generali Central India Life.
Geetanjali Chugh Kothari
Chief Marketing OfficerGeetanjali Chugh Kothari is known for innovation and strategic thinking in marketing and communication. She comes with incredible industry experience establishing herself as a prominent thought leader. Currently, she is the Chief Marketing Officer at Generali Central Life Insurance. Prior to this, Geetanjali was with Bharti AXA Life Insurance for over 11 years. Under her leadership, the company witnessed exceptional growth and garnered numerous accolades in marketing campaigns. Her ability to navigate challenges and capitalize on opportunities has earned her a reputation as a result-oriented marketing leader. Recently, Geetanjali was awarded the ‘Futuristic CMO: Retention-First Thinker Award’ at the Pitch CMO Awards 2023.
Manish Pahwa
Chief Compliance OfficerManish Pahwa brings over 22 years of distinguished experience in corporate legal, secretarial, and compliance leadership across the insurance and financial services sectors. As the Chief Compliance Officer, he leads the Compliance, AML, and Fraud Control Unit. Manish has a proven track record of establishing robust legal and compliance frameworks from inception, having held senior leadership roles at Navi General Insurance, One97 Communications, and Generali Central India Insurance (General Insurance). His expertise spans regulatory compliance, corporate governance, risk management, and stakeholder engagement, with deep knowledge of IRDAI, RBI, and MCA regulations. He is a qualified Company Secretary (ACS), Law graduate (LLB), and a Fellow of the Insurance Institute of India (FIII). Manish is known for his strategic foresight, ethical leadership, and ability to align compliance with business objectives while fostering a culture of integrity and accountability.
Mohit Sharma
Head of the Direct Sales & WINMohit Sharma is the Executive Vice President and Head of the Direct Sales & WIN (Women-In-Insurance) channels at Generali Central India Life Insurance. With an impressive 25 years of diverse professional experience, Mohit has established himself as a dynamic leader with a proven track record of driving growth and innovation. At GCLI, Mohit has transformed the Direct Sales channel into one of the fastest growing and a highly profitable business that contributes handsomely to the organisation’s topline and bottom-line objectives. He has always been an early adopter for leveraging new technology and digital transformation to streamline processes, enhancing efficiency, and achieving scalable outcomes. He is also responsible for shaping strategic initiatives that focus on customer acquisition, retention, and creating sustainable value for stakeholders. Prior to his tenure at FGILI, Mohit held key leadership roles at ICICI Prudential Life, TATA AIG General Insurance, and Bharti AXA Life Insurance, where he played instrumental roles in setting up and scaling successful business channels. He is a Mechanical Engineer and has done his M.B.A (Marketing) from the S.P Jain Institute of Management and Research, Mumbai. Mohit Sharma is the Executive Vice President and Head of the Direct Sales & WIN (Women-In-Insurance) channels at Generali Central India Life Insurance. With an impressive 25 years of diverse professional experience, Mohit has established himself as a dynamic leader with a proven track record of driving growth and innovation.
Nilesh Parmar
Chief Operating Officer & Chief Technology OfficerNilesh Parmar has more than 25 years of experience in strategic planning, operations, technology, risk management, re-engineering and process improvement, service delivery and change management in the banking and insurance domain, providing value through reduced cost and enhanced productivity. He has proven skills in driving technology and digital led transformation, process improvement through Six Sigma, outsourcing, right-shoring and automation. He is also well versed with setting up and leading BPO operations and adept at building, mentoring and managing large teams across geographies. Before joining Generali Central Life Insurance, Nilesh was the Chief Operating Officer with Edelweiss Tokio Life Insurance for 7 years. He has been instrumental in improving quality metrics at ETLI and implementing digital technology solutions for both sales and operations. Before Edelweiss Tokio, he was with HSBC for 18 years leading various transformation initiatives and running/scaling up operations. He is a graduate from IIT Mumbai and a postgraduate from IIM Ahmedabad. Change excites him and he has led and executed multiple large business transformation programs - both strategic and technology driven.
Niraj Kumar
Chief Investment Officer and Chief of Business Transformation & StrategyNiraj Kumar has a passion for managing investments, creating wealth & building business in a dynamic market environment. Being in the investment management arena for more than two decades, he has built a strong expertise in diverse fields of investment management across equity & fixed income assets, credit risk and the macroeconomic landscape. Niraj has a total experience of 22 years, and he has been a part of Generali Central Life Insurance for the last 6 years. In his extensive experience in investment management, he has been imperative in contributing towards the significant scaling of the portfolio and has garnered industry-wide accolades and recognition for the organisation. As an incumbent "Chief Investment Officer" of Generali Central Life Insurance, his key goal is to provide strategic investment direction which would position Generali Central as a front-runner in the Indian insurance space. His focus area is investment performance, innovative market products, gredit, risk, and leadership. Niraj is an ardent believer in the power of diversity, inclusiveness & empowering the team. He is an Economics graduate from the University of Delhi and holds an MBA degree in Finance from Symbiosis Institute of Business Management. He has also completed an Executive course in Finance from International Centre for Financial Asset Management and Engineering (FAME), Geneva. Before joining Generali Central Life Insurance, he worked with Aviva Life Insurance for close to 8 years as Head of Equities & Fund Manager. Before joining the Insurance Industry, he also worked with a leading Mutual Fund, UTI MF for five and half years in various positions such as Co Fund Manager and Sector Analyst. He is a recipient of the ICRA Fund Award for the 'Best Fund Performer'.
Rajeev Chugh
Chief Financial OfficerRajeev Chugh has been serving as the Chief Financial Officer (CFO) of Generali Central Life Insurance Company Ltd since 2024. Rajeev leads the Company's overall financial direction, including financial strategy, financial planning, financial control, taxation, administration and procurement, leveraging his extensive expertise and experience in the aforesaid areas and providing leadership within the organization. Rajeev brings more than two decades of finance leadership experience across the insurance sector. Prior to this, he served in senior finance leadership roles including CFO and Head of Financial Control in insurance companies locally and internationally, where he led financial strategy, financial planning & analysis, management reporting, financial reporting, financial control, taxation, strategic cost management, business partnering, compliance and governance. Throughout his career, he has demonstrated expertise across diverse areas in strategic financial planning, financial control and business partnering. In his role as CFO at Generali Central Life Insurance, Rajeev focuses on strengthening the company’s financial performance, driving growth, and ensuring the company’s financial resilience. His proven track record of leadership, particularly in managing complex financial operations and aligning financial goals with business strategy, is instrumental in advancing the Company’s mission to provide comprehensive life insurance solutions for a financially secure future. Rajeev is a qualified Chartered Accountant with a strong foundation in financial management, having worked across India and international markets.
Reena Tyagi
Chief People & Organization OfficerReena is a Human Resource professional with over 27 years of experience and has been in HR Leadership roles for over 17 years managing large and diverse teams. Reena is passionate about driving people agenda that is aligned with the strategic objectives of the organization, and nurturing a culture that enables people to perform at their best. She has rich experience in driving best-in-class employee experience, managing organizational transformations, and leading talent strategies to create future leaders. Before joining Generali Central Life Insurance, Reena worked with Manipal Cigna, Bharti Airtel Ltd., and ABN AMRO Central Enterprise Services. She has a Bachelor's in Physics Honors from Delhi University and Master in Business Administration from the University of Indore, India.
Roshan Kewlani
Chief Agency OfficerRoshan Kewlani is the Chief Agency Officer at Generali Central Life Insurance. With over 22 years of experience in the insurance industry, Roshan has established himself as a seasoned leader in agency sales, business and financial analysis, and customer relationship management. He leads a team of zonal heads, regional managers, branch managers, Sales Managers and agents, ensuring that they achieve sales targets, quality standards, and customer satisfaction goals. He also collaborates with various functions and stakeholders to design and implement effective sales strategies, policies, and processes, enabling sustained growth and efficiency within GCLI’s agency network. Roshan started his journey as an MDRT Aagent himself and has risen the ranks to hold key leadership roles at Bharti AXA Life Insurance and ICICI Prudential Life, where he played a pivotal role in leading and transforming agency sales channels. Roshan holds a Master in International Business Management from Lucknow University.
Sarvesh Kumar Mishra
Chief Third Party Distribution OfficerSarvesh Kumar Mishra is the Head– Third Party Distribution at Generali Central Life Insurance. With extensive experience in the insurance industry, Sarvesh has established himself as a seasoned leader in Agency, bancassurance, partnership distribution, group & institutional sales, IMF, and business development. His expertise lies in developing robust expansion frameworks, identifying high-potential locations, and streamlining branch operations to maximize impact and profitability. He also collaborates with various functions and stakeholders to design and implement effective sales strategies, policies, and processes, enabling sustained growth within the organization’s third-party distribution network. Prior to GCLI, Sarvesh was associated with PNB MetLife and Kotak Life. He holds a Master in Labour and Social Welfare
Sunil Kapoor
Chief Risk OfficerSunil Kapoor is a seasoned risk management executive with over two decades of experience across India’s leading financial institutions, including Generali Central Life Insurance, SBI Capital Markets, HDFC Life Insurance & IDFC Bank. As the Chief Risk Officer at Generali Central Life Insurance, he leads the company’s Risk and Information Security functions, ensuring robust governance, regulatory alignment, and resilience in a dynamic financial landscape. In recognition of his outstanding leadership and innovation in risk management, Mr. Kapoor was recently conferred with the CRO of the Year Award at the India Insurance Summit & Awards, 2025. Mr. Kapoor has previously served as SVP & Group Chief Risk Officer at SBI Capital Markets, where he oversaw risk management across the investment banking arm of the State Bank of India and its three financial services subsidiaries. At HDFC Life Insurance, he led the Enterprise Risk Management function and was also officiated as Chief Risk Officer for its pension subsidiary. A Fellow Chartered Accountant (FCA), Associate Company Secretary (ACS), and certified Financial Risk Manager (FRM), he also holds certifications in Data Science and Information Systems Audit (DISA). His academic foundation is complemented by hands-on expertise in market risk, credit risk, operational risk, cyber security, ESG, Insurtech and AI governance and risk and regulatory compliance. A recognized thought leader, Mr. Kapoor has delivered presentations at global risk forums, including the Asian Development Bank’s seminar in Singapore. He was honoured with the 2020 Global ERM Award of Distinction by the Risk and Insurance Management Society (RIMS), USA, for innovation in enterprise risk management. Beyond his professional accomplishments, Sunil is a passionate advocate for education and social impact, volunteering for child education and career mentoring. He likes playing badminton & listening to music during leisure time.
Sweta Bharucha
General Counsel & Company SecretarySweta Bharucha is the General Counsel and Company Secretary at Generali Central India Life Company Ltd. She is responsible for Generali Central’s Legal, Corporate Governance and Regulatory Affairs. Before assuming her current position, Sweta already had a rich experience in Governance, Legal, Secretarial and Compliance. She has worked with eminent organisations such as Aditya Birla Sunlife Insurance, Reliance Nippon Life Insurance, IndiaFirst Life Insurance Company and Magma HDI GI (Poonawalla Group).
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