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.
Generali Central Sampoorn Loan Suraksha is a Group, Non-linked, Non-participating (without profits), Pure Risk Premium, Credit Life Insurance Plan.
What if life takes an unexpected turn? Who takes care of the loan then?
A group loan protection plan like the Generali Central Sampoorn Loan Suraksha ensures that if something happens to the borrower like an untimely demise, the loan liability is covered.
It shields families from sudden financial stress and helps lenders recover their dues smoothly. With this smart borrower loan insurance, both your loan and your loved ones’ future are in safe hands.
Covers home, personal, business, and other loans.
Get a 10% discount on each joint-life.
Pick from Single Life, Co-borrower, or Joint Life options.
Choose sum assured that stays fixed, reduces with the loan, or follows your set plan.
One-time premium payment, no recurring charges.
Financial security in case of death and critical illnesses.
Have questions? Get help and reliable support from experts at Future Generali Life Insurance.
Check if you qualify for loan protection coverage.
Entry Age
Maturity Age
Sum Assured Range
Policy Term Range
Premium Payment Term
Minimum Group Size
Choose between flexible policy options that fits your needs.
Basic life cover for peace of mind and family security.
Death. No Critical Illnesses are not included under this option.
Covers life and 6 major critical illnesses for broader protection.
Extensive cover for life and 19 critical illnesses for maximum security.
Offered Across All Plans
90 days from the date of Risk Commencement of the Policy or revival date (whichever is later)
Claims within 90 days are not payable; policy may terminate.
Claim amount follows Loan Schedule in Certificate of Insurance.
Critical Illness cover is limited to 10 years or the initial loan term, whichever is shorter. For loans over 10 years, all other benefits continue as per the Certificate of Insurance.
No waiting period on revival if done within 90 days and prior waiting completed.
Cover ends after payout for any one insured event.
Here’s what is offered with this life insurance plan –
Generali Central Sampoorn Loan Suraksha is a Single Premium Group Credit Term Insurance Plan which has been designed specifically for the new/existing customers of financial institutions. The Plan secures the credit/loan by providing death and critical illness cover to the borrowers.
The Plan will be offered under the following variants:
We bring experience, stability, and a proven approach to supporting your family and financial goals.
Branches across India
Lives Protected from Day One
of Assets Under Management
Individual Claim Settlement Ratio
Group Claim Settlement Ratio
Data as on 31st March, 2025
Everything you need to understand your policy, plan your future, and make informed decisions at your convenience.
Understand your policy better with key details and insights into Generali Central Sampoorn Loan Suraksha plan.
Suicide exclusion under Death Benefit
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 Policyholder shall be entitled to at least 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.
Exclusion under the listed Critical illnesses under Option 2 and Option 3-
Exclusions under Critical Illness
No Critical Illness benefit will be payable with respect to any listed condition arising directly or indirectly from, through, in consequence of or aggravated by any of the following:
That is/are diagnosed by a physician within 36 months prior to the effective date of the policy issued or its reinstatement by the insurer or
For which medical advice or treatment was recommended by, or received from, a physician within 36 months prior to effective date of the policy or its reinstatement.
Reinstatement means the revival of policy post expiry of grace period. No Critical Illness benefits shall be payable for any condition(s) which is a direct or indirect result of any pre-existing conditions unless Life Insured has disclosed the same at the time of proposal or date of revival whichever is later, and the Company has accepted the same.
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 (If Applicable), stamp duty charges, cost of medical examination, if any and stamp duty.
For Insured Member: - On receipt of the Certificate of Insurance, the Insured Member may review the Terms and Conditions stated here in. 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 (If Applicable); 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:
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.
Generali Central Sampoorn Loan Suraksha (UIN: 133N066V03)
Real stories, real people— hear from those who’ve taken the step of strengthening their financial security with us.
Here are answers to some of the questions you might have.
The Generali Central Sampoorn Loan Suraksha plan is a group credit life insurance plan offered by Future Generali Life Insurance Company Limited. It is designed to provide life cover to borrowers, ensuring that in the unfortunate event of the borrower's death, the outstanding loan amount is repaid, relieving the family from the financial burden.
The Generali Central Sampoorn Loan Suraksha plan is available to individuals availing various types of loans such as housing loans, vehicle loans, personal loans, education loans, business loans, loans against property, merchandise loans, consumer durable loans, credit card groups, asset-backed loans, and gold loans. For most loans, the entry age is 18 to 65 years; however, for education loans, the minimum entry age is 14 years. The plan is typically offered through financial institutions to their borrowers
The primary benefit of the Generali Central Sampoorn Loan Suraksha plan is the repayment of the outstanding loan amount in the event of the borrower's death during the policy term. This ensures that the borrower's family or dependents are not burdened with loan repayment. Additionally, the plan offers tax benefits as per prevailing tax laws.
The policy term for the Generali Central Sampoorn Loan Suraksha plan ranges from 2 to 30 years, aligning with the tenure of the loan. The coverage is designed to match the loan repayment period, ensuring protection throughout the loan duration.
Yes, the Generali Central Sampoorn Loan Suraksha plan is a single premium plan, meaning the premium is paid once at the inception of the policy. The premium amount depends on factors such as the loan amount, loan tenure, and the borrower's age.