Future Generali is the Insurance joint venture of the Future Group of India & Generali Group of Italy providing a complete range of life insurance solutions to customers and enterprises. FGILICL was incorporated on October 30, 2006 and the approval for carrying on Life Insurance Business has been received from the IRDA in September, 2007. The Italy based Generali group is one of the most significant participants in the global insurance and financial product markets and is ranked as the 30th largest company in the world by Fortune 2007. Generali is characterised with a strong international outlook and currently has presence in 40 countries through 315 subsidiaries, 113 insurance companies and 126 financial and real estate companies. The company's significant market share is in Germany, France, Austria, Spain and Switzerland. The Future group is a diversified conglomerate with presence in multiple consumer-centric businesses like retail, consumer finance, capital, insurance, media, brands and logistics.