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.
Protect Outstanding Loans
In case of death of member under the plan, or critical illness, or on disability*
Trusted Financial Security
Easing burden on your loved ones
Cover Everyone— From Freshers to Veterans
Entry age is 18-79 year
Group, Non-linked, Non-participating (without profits), Pure Risk Premium, Credit Life Insurance Plan. *If such riders option are taken (UIN: 133N003V05)
Why Choose Generali Central Group Term Life Insurance Plan?
This is a Group, Non-Linked, Non-participating, (Without Profits), yearly renewable Term Insurance Plan
A simple, cost-effective way to protect your employees or members with life insurance coverage.
This yearly renewable plan offers financial security to the family in the unfortunate event of a member or employee’s death. It’s ideal for companies and groups seeking to enhance their benefits package or extend social protection to their members or employees.
For organizations, it’s a valuable tool to boost employee or member loyalty. For individuals, it’s the peace of mind that comes from knowing their families are protected— anytime, anywhere.
Financial Security for Families
Provide financial support for employee family.
Easy to Manage
Get a single policy for all employees.
Flexible Policy Term
Annual renewable term with options for continuity.
Affordable Life Cover
Pay lower premiums than individual insurance plans.
Flexible Member Additions
Easily add or remove employees every month.
Boost Employee Morale
Help employees thrive in a caring environment.
Tax Benefits
Avail tax deductions on premiums paid.
Enhance Cover with Riders
Add extra protection with optional riders.
How to Buy the Group Term Life Insurance Plan?
A simple way to secure your team’s future—here’s how to get started.
Step
Step
Step
Step
Step
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Decide the amount of cover
Choose the amount of term insurance cover you want for each of your members.
Get Expert Advice from Your Trusted Life Insurance Company!
Have questions? Get help and reliable support from experts at Generali Central Life Insurance.
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.
6019Our and Partners Branches
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
Riders
- Generali Central Group Accident and Sickness Total Permanent Disability Rider
- Generali Central Group Accelerated Terminal Illness Rider
- Generali Central Group Accidental Total Permanent Disability Rider
- Generali Central Group Core Critical Illness Accelerated Rider
- Generali Central Group Accidental Death Rider
- Generali Central Group Extended Critical Illness Accelerated Rider
- Generali Central Group Core Critical Illness Rider
- Generali Central Group Extended Critical Illness Rider
- Generali Central Group Accidental Partial Permanent Disability Rider
Suicide exclusion:
In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the Insured member shall be entitled to at least 80% of the total premiums paid till the date of death, provided the policy is in force. This clause will not be applicable during renewal of cover.
Free Look Cancellation
For Master Policyholder:
In case you disagree with any of the terms and conditions of the policy/coverage, you can return the policy/Certificate of Insurance to the Company within 30 days of its receipt (whether received electronically or otherwise), for cancellation, stating your objections. We will refund the policy premium after the deduction of proportionate risk premium for the period of cover, stamp duty charges, cost of medical examination, if any.
For Insured Member:
On receipt of the Certificate of Insurance, the Insured Member may review the Terms and Conditions stated herein. In case the Insured Member is not satisfied with Terms and Conditions, he/she has an option to return the Certificate of Insurance to the Company within 30 days of its receipt (whether received electronically or otherwise), with a request for cancellation, stating reasons for the same. On such cancellation of the Certificate of Insurance, we will refund the premium after deducting a proportionate cost of insurance for the period covered , expenses incurred towards medical examinations, if any, and stamp duty.
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 Term Life Insurance Plan (UIN: 133N003V05)
- 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 product brochure and consult your advisor, or, visit our website 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. 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
- This Product is not available for online sales.
What Our Happy Customers Are Saying
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Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
Under a single policy, employers or group managers can provide life cover for members or families of their employees. The sum assured is paid on death of a member. It also provides provision to add or delete the members on monthly basis
Premiums are due annually but can also be paid half‑yearly, quarterly, or monthly. Each policy term lasts one year, and you can renew it each year as long as group eligibility continues.
Yes—the plan qualifies for tax deductions under the Income Tax Act (Section 80C). Premiums paid are eligible, but tax laws can change, so confirm with a tax advisor when enrolling.
A minimum of 10 members per group is required.
Members must be aged 18 to 79 at entry and up to 80 years at maturity, with at least 19 years at maturity.
Absolutely. You have 30 days to review your Certificate of Insurance:
Master policyholder: return for cancellation and refund of premiums minus prorated costs.
Individual members: can likewise return their certificate within 30 days for a refund after deductions.
This “free‑look” provision ensures you're satisfied with the coverage.