Central Bank of India acquires Future Enterprise Limited’s 25.18% stake in Future Generali India Life Insurance, marking a strategic move to strengthen its presence in the insurance sector.
Central Bank of India acquires Future Enterprise Limited’s 25.18% stake in Future Generali India Life Insurance, marking a strategic move to strengthen its presence in the insurance sector.
Structured Retirement Fund
Dedicated fund to meet employee pension obligations.
Annual Bonus
Earnings will be shared through annual bonus, if declared, at the end of each financial year.
Flexible Premium Payments
Pay as per your budget with yearly, half-yearly, or quarterly options.
Group, Non-Linked Participating (without profits) Pure Risk Premium, Credit Life Insurance Plan. (UIN: 133N043V04)
Why Choose Generali Central Group Superannuation Plan ?
Group, Non Linked Participating (With Profits), Savings, Pension Insurance Plan
Help your employees retire with dignity, while managing your long-term pension obligations with ease.
The Generali Central Group Superannuation Plan gives you a structured, compliant, and cost-effective way to fund superannuation benefits. It strengthens employee loyalty and financial well-being, while giving you better control over future liabilities.
Give your team the peace of mind they deserve with Generali Central investment expertise and commitment to financial security.
Expert-Backed Investment Platform
Pooled fund offers stable, diversified returns.
Systematic Liability Management
Long-term payouts with ease and clarity.
Annual Bonus
Earnings will be shared through annual bonus, if declared, at the end of each financial year.
Supports Statutory Compliance
Meets legal retirement obligations confidently.
Tax Benefits
Enjoy tax advantages as per current laws.
How to Buy the Generali Central Group Superannuation Plan
A simple way to secure your team’s future—here’s how to get started.
Step
Step
Step
Step
Choose your scheme type
The group insurance product allows for contribution either from employer or from both the employer and employees
Get Expert Advice from Your Trusted Life Insurance Partner!
Have questions? Get help and reliable support from experts at Generali Central Life Insurance.
Eligibility
Choose the plan that fits your life
Entry Age
Minimum Group Size
Minimum Contribution at Inception
Member’s Age at Maturity
Policy Term (PT)
Tailored Plan Options to Secure Your Future
Choose between flexible policy options that fits your needs.
Defined Benefit Scheme
Contribution from Employer (non Contributory)
Under this scheme the amount of Pension and other benefits are defined in advance in the rules of the scheme.
Defined Contribution Scheme
Contribution from both the Employer and Employees (Contributory).
Under this scheme the rate of contributions or the amount of contributions are defined in the rules of the scheme. Separate member level accounts will be maintained by GCLI.
Offered Across All Plans
- The liability of GCLI at any time will be limited to the balance in policy account
- GCLI will only be concerned with fund management, and the client company will have to bear any shortfall in funds, if it arises at any time
Our Promise is Reflected in the Lives We've Touched
We bring experience, stability, and a proven approach to supporting your family and financial goals.
1369Branches across India
897,635Lives Protected
FY 24-25
₹87.84 Bnof Assets Under Management
98.08%Individual Claim Settlement Ratio
FY 24-25
99.78%Group Claim Settlement Ratio
FY 24-25Data as on 31st March, 2025
Downloads
Everything you need to understand your policy, plan your future, and make informed decisions at your convenience.
Important Information & Resources
All the policy terms, exclusions, and key facts you need to make informed financial decisions
The Master Policyholder has a right to return the policy within 30 days of receipt of the Policy Document whether received electronically or otherwise, if Master Policyholder disagree with any of the terms and conditions by giving a request for cancellation of the policy which states the reasons for objections. We will cancel the policy and refund the premium received after deducting proportionate risk premium for the period of cover (If Applicable), stamp duty charges and expenses incurred by Us.
Section 41 of Insurance Act 1938, as amended from time to time, states:
- No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebates as may be allowed in accordance with the published prospectuses or tables of the insurer.
- Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakh rupees.
Section 45 of Insurance Act, 1938, as amended from time to time, states:
- No Policy of Life Insurance shall be called in question on any ground whatsoever after the expiry of 3 years from the date of the policy i.e. from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later.
- A policy of Life Insurance may be called in question at any time within 3 years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the ground of fraud.
For further information, Section 45 of the Insurance laws (Amendment) Act, 2015 may be referred.
Contributions
The contributions made under this plan shall be made in accordance with the funding requirements as per the scheme rules. The trustee or employer or policyholder shall be required to confirm that such funding is required as per extant accounting standard governing the measurement of long term employee benefits.
The plan does not allow any top-ups, unless required to address the underfunding of the scheme as per extant accounting standard governing the measurement of long term employee benefits.
Annual Bonus
Earnings may be declared at the end of the every financial year through annual bonuses. The annual bonus amount, if declared, will be credited to the policy account. The declared bonus once credited will be guaranteed.
Annual and interim bonus, if declared shall be non-zero positive bonus.
Charges applicable under the policy
Earnings may be declared at the end of the every financial year through annual bonuses. The annual bonus amount, if declared, will be credited to the policy account. The declared bonus once credited will be guaranteed.
Grievance Redressal Processes
In case you have any grievances on the solicitation process or on the Product sold or any of the Policy servicing matters, you may approach the Company in one of the following ways:
- Dial the Customer helpline number 1800-102-2355 for assistance and guidance
- Email at care@generalicentral.com
- Visit us at the nearest Branch Office. Branch locator - https://www.generalicentrallife.com/branch-locator
- Senior citizens can write in at the following ID: senior.citizens@generalicentral.com for priority assistance
- Write to us at: Customer Services Department- Generali Central Life Insurance Company Limited, Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S Marg, Vikhroli (W), Mumbai – 400083
Generali Central Life Insurance Company Limited (Formerly known as ‘Future Generali India Life Insurance Company Limited) offers a wide range of life insurance solutions designed to protect and empower individuals at every stage of life. Whether it’s protecting your loved ones, planning for retirement, or securing long-term financial well-being, our offerings are designed to evolve with your needs. Backed by a robust distribution network and advanced digital tools, we are dedicated to delivering simplicity, innovation, empathy, and care in every experience — all anchored by our unwavering commitment to being your Lifetime Partner.
This commitment is backed by the strength of our joint venture between Generali, a global insurance leader with over 190 years of expertise, and Central Bank of India, a trusted name with a rich legacy in Indian banking.
Disclaimer
Generali Central Group Superannuation Plan (UIN: 133N043V04)
- Tax benefits are subject to change as per tax laws.
- For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the policy document and consult your advisor, or, visit our website (www.generalicentrallife.com) before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Central Bank of India’s and Generali Group’s liability is restricted to the extent of their shareholding in Generali Central Life Insurance Company Limited. If you have any request, grievance, complaint or feedback, you may reach out to us at care@generalicentral.com. For further details please access the link: https://www.generalicentrallife.com/customer-service/grievance-redressal-procedure
What Our Happy Customers Are Saying
Real stories, real people— hear from those who’ve taken the step of strengthening their financial security with us.
Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
This plan is specifically designed to help companies build long-term retirement savings for employees. It’s a non-linked, participating plan where contributions—made by the employer or both employer and employees—are pooled and managed collectively with the potential to earn annual bonuses. These bonuses, once declared, are guaranteed, offering both growth and security in your retirement corpus.
Premiums (contributions) can be paid annually, half-yearly, quarterly, or monthly, per scheme rules. The policy term is one year, renewable yearly. The plan remains active as long as the minimum group size (10 members) and minimum contribution (₹2 lakhs at inception) are maintained annually by the master policyholder.
Yes, contributions and the eventual payouts are covered under current tax laws applicable to superannuation schemes. However, tax regulations can change— it's advisable to consult a tax professional at the time of enrolment.
Each group must have at least 10 members. Individual member age must be between 18–79 years at entry and 19–80 years at retirement/maturity. A minimum pooled contribution of ₹2 lakhs is required at inception.
This plan is fee-light:
- No premium allocation fees
- No policy administration fees
- No account value management fees
- No partial withdrawal fees
- A surrender charge may apply as noted. All charges and benefits are guaranteed and changes need IRDAI approval.