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 Future Generali Group Superannuation Plan?
Planning for your employees’ post-retirement future is not just a statutory need—it’s also a mark of a responsible employer. The Future Generali Group Superannuation Plan enables you to set up a structured fund to meet superannuation benefits, ensuring that your team’s future is financially secure.
This plan enables regular contributions to a dedicated policy account that earns annual interest. Once credited, the interest is guaranteed, ensuring stable and risk-free growth. In addition, every member receives a uniform life cover of ₹10,000, providing added protection for their families.
If you maintain pension funds with multiple insurers, you have the flexibility to choose any one of them for purchasing the available annuity.
With simplified fund administration, transparent tracking, and cost-effective handling, the plan helps you meet both statutory and employee expectations with ease.
It’s a smart, long-term solution for organizations looking to support their people beyond active employment.
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 Future Generali 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 from Day One
₹87.84 Bnof Assets Under Management
98.08%Individual Claim Settlement Ratio
99.78%Group Claim Settlement Ratio
Data 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
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 Future Generali 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.
Key advantages for your company:
- Choose between employer-only (non-contributory) or employer & employee (contributory) funding, as per your scheme design
- Access professionally managed, diversified funds that help reduce risk and enhance stability
- Contributions are placed in a dedicated policy account and can earn annual bonuses
- Flexibility in payment of contribution — pay annually, half-yearly, quarterly, or monthly
- Efficient payouts in case of retirement, death, or other valid exits, as defined by your scheme rules
Give your team the peace of mind they deserve with Future Generali’s investment expertise and commitment to financial security.
Disclaimer
Future Generali 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.