Disclosed herein is a flexible contoured footbed insole for footwear for providing an anatomically correct foot support to a wearer of the footwear. The flexible contoured footbed insole comprises a heel section and a support system extending anteriorly from the heel section. The heel section comprises a cup shaped structure for accommodating a heel of a foot of the wearer. The support system comprises an inner longitudinal arch support, an outer longitudinal arch support, a transverse arch support, a metatarsal arch support, and a toe support for supporting an inner longitudinal arch, an outer longitudinal arch, a transverse arch, a metatarsal arch, and toes of the foot of the wearer respectively. The flexible contoured footbed insole may further comprise a flexible structure disposed within the support system. The flexible structure provides flexibility and freedom of movement to the foot of the wearer.