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.
Guaranteed Returns**
Get a lump sum amount at maturity, no surprises
Premium Waiver#
Future support stays intact, in your absence
Flexible Options
Choose from options that fit your goals
**Guarantee is subject to payment of all due premiums. #- In-build Waiver of premium available for option 2 T&C apply | UIN: 133N085V03
Why Choose Generali Central New Assured Wealth Plan?
An Individual, Non-Linked, Non-Participating (without profits), Savings, Life Insurance Plan.
When you’re building your dream life, security isn’t optional— it’s essential.
The Generali Central New Assured Wealth Plan is a life insurance savings solution designed to help your money grow with purpose. With guaranteed additions and a lump sum at maturity, it transforms your dreams into achievements.
Whether you're planning for retirement, your child’s education, or a major life event, this plan supports your journey with life cover, tax benefits, and loan access.
Receive a guaranteed payout at maturity and step into the future with confidence— protected, and full of promise.
Guaranteed Returns on Maturity
Enjoy a lump sum payout with this savings plan to secure your financial future.
Guaranteed Additions for Long-Term Goals
Boost your savings with Simple Guaranteed Additions from the 8th year onward.
Increasing Death Benefit*
Protect your loved ones with a growing death benefit to keep pace with life’s uncertainties.
In-Built Waiver of Premium#
Continued support for your family during life’s uncertainties, with future premiums waived and the benefit assured.
Tax Benefits
Save more with eligible tax benefits while growing your wealth through this insurance savings plan.
Flexible Plan Options
Choose from two tailored variants to meet short term and long-term goals like retirement planning or milestones.
*- Increasing Death Benefit available for Option 1 #- In-build Waiver of premium available for option 2
How to Buy the Generali Central New Assured Wealth Plan?
Getting started with your life insurance plan is easy— just follow these simple steps:
Step
Step
Step
Step
Step
Choose Plan
Choose the option that suits your goals.
Option 1
This is a standard endowment plan. The policy ends either on maturity or on the unfortunate death of the life assured, with all benefits paid at that time. (The Death Benefit increases with the accrual of the Guaranteed Additions.)
Option 2
This option offers continued benefits even after the death of the life assured. The policy stays active till the end of the original term with no further premiums, and guaranteed additions continue to accrue. The maturity payout includes these additions along with the Sum Assured on the original maturity date.
A Roadmap to a Secure Future
Get Expert Advice from Your Trusted Life Insurance Partner!
Have questions? Get help and reliable support from experts at Generali Central Life Insurance
Tailored Plan Options to Secure Your Future
Choose the policy option that fits your life goals.
Option 1
Ideal for young individuals starting early, this plan builds long-term financial security with life cover and a guaranteed payout at maturity or in case of an unfortunate event.
Minumum:
0 years (Death Benefit Multiple 10),
41 years (Death Benefit Multiple 7),
50 years (Death Benefit Multiple 5)
Maximum:
60 years (Death Benefit Multiple 10),
64 years (Death Benefit Multiple 7),
64 years (Death Benefit Multiple 5)
Minimum: 18 Years
Maximum: 76 Years
Option 2
Ideal for those with dependents, this plan builds wealth and safeguards your family by waiving future premiums while keeping coverage active after the life assured’s death.
Minimum: 18 Years
Maximum: 55 Years
Minimum: 30 Years
Maximum: 71 Years
Offered Across All Plans
12/16/18/20 years
Limited Pay (Premiums paid for a fixed period while the policy continues till maturity)
₹ 90,000 to No Limit (As per Board Approved Underwriting Policy)
Yearly, Half Yearly, Quarterly, and Monthly
Minimum:
Entry Age: 0 days - 50 years
₹1,325
Entry Age: > 50 years
₹4,415
Maximum: No Limit (As per Board Approved Underwriting Policy)
1. For minors, the date of issuance of Policy and Date of Commencement of risk shall be the same.
2. Premiums mentioned above are excluding applicable taxes, rider premiums and any extra premium paid as a part of underwriting requirements, if any.
3. Age wherever mentioned is age as on last birthday.
Benefits of Generali Central New Assured Wealth Plan
Here’s how this plan helps you secure your goals and safeguard your loved ones:
Fixed amounts added to your policy at specific intervals, enhancing the overall value of your plan over time.
- The plan offers simple Guaranteed Additions for each completed policy year, starting from 8th Policy year till the end of the policy term, subject to payment of all due premiums.
- Guaranteed Additions accrue as a percentage of Sum Assured.
- The Guaranteed Additions accrue at the end of the policy year.
- The Guaranteed Addition rates are based on the age at entry of the Life Assured, the Premium Payment Term chosen, Policy Term chosen, Death Benefit Multiple, Annualised Premium (excluding taxes, rider premiums, loading for modal premium and extra underwriting premiums, if any) and the option chosen.
- If this Policy is converted to a Reduced Paid-Up Policy as per the terms and conditions section below, it shall not accrue any future guaranteed additions under both options from the first Premium Due Date on which the Installment Premium was unpaid. The guaranteed additions already accrued, remains attached to the Policy.
A lump sum amount payable at the end of the policy term, provided all due premiums have been paid— helping you achieve your long-term financial goals.
Amit’s Example
To clearly understand how maturity benefit works in this case, let us look at Amit’s story
Scenario 1: Option 1
Amit is a 30 years old healthy man who has purchased the Generali Central New Assured Wealth Plan— Option 1. He has opted for an Annualized Premium (excluding the applicable taxes, rider premiums, underwriting extra premiums, and loadings for modal premiums, if any) of Rs. 50,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. His Death Benefit Multiple is 10 times and Maturity Sum Assured is Rs. 5,00,000.
Guaranteed Additions will accrue at a simple rate of 8.75% of Sum Assured from the 8th Policy year till the end of Policy term at the end of each policy year.
* The 2.13 times of total premium (excluding applicable taxes ) is pertaining to above Illustrate only
Amit purchases Generali Central New Assured Wealth Plan— Option 2
Scenario 2: Option 2
If Amit purchases Generali Central New Assured Wealth Plan— Wealth Builder Plan with an Annualized Premium (excluding the applicable taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any) of Rs. 50,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. His Death Benefit Multiple is 10 times and Maturity Sum Assured will be Rs. 5,00,000.
Guaranteed Additions will accrue at a simple rate of 8.23% of Sum Assured from the 8th Policy year till the end of Policy term at the end of each policy year.
* The 4.07 times of total premium (excluding applicable taxes ) is pertaining to above illustrate only
A payment made to your nominee in case of your unfortunate demise during the policy term, ensuring your family’s financial protection.
In case of unfortunate demise of the life assured, the Death Benefit in this plan secures Life Assured’s family’s financial well-being and future. The Death Benefit varies as per the plan option you choose:
The Death Sum Assured shall be highest of the following:
- Death Benefit Multiple * Annualized premium (excluding the taxes, rider premiums and underwriting extra premiums, if any)
- 105% of Total Premiums Paid (excluding any extra premium, any rider premium and taxes, if collected explicitly) as on date of death.
Amit’s Example
To clearly understand how death benefit works in this case, let us look at Amit’s story
Scenario 1: Option 1
Amit is 30 years old healthy man and has opted for Generali Central New Assured Wealth Plan – Option 1 with an Annualized Premium (excluding the applicable taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any) of Rs. 50,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. Death Benefit Multiple is 10 times and Maturity Sum Assured is Rs. 5,00,000.
Assuming that Amit’s death occurs during the 2nd policy year. The benefit payable under option 1 to Amit's nominee(s) will be:
The Policy Will Terminate on Payment of Death Benefit
Scenario 2: Option 2
If Amit purchases the Generali Central New Assured Wealth Plan – Option 2 with Annualized Premium (excluding the applicable taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any) of Rs. 50,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. Death Benefit Multiple is 10 times and Maturity Sum Assured will be Rs. 5,00,000.
Guaranteed Additions will accrue at a simple rate of 8.23% of the sum assured, starting from the 8th policy year and continuing till the end of the policy term, accruing at the end of each policy year.
It is assumed that Amit’s death occurs during the 2nd policy year. The benefit payable under option 2 to Amit's nominee(s) will be
The Policy Will Terminate on Payment of Death Benefit
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
Understand your policy better with key details and insights into our New Assured Wealth Plan (Non-POS Variant)
Free Look Period
If you disagree with the terms and condition of the Policy, you can return the Policy within 30 days of receipt of the Policy Document (whether received electronically or otherwise). To cancel the Policy, you can send us a written request for cancellation which is dated and signed by you, along with the reason for cancellation. We will cancel this Policy if you have not made any claims and refund the Instalment Premium received after deducting proportionate risk Premium for the period on cover, stamp duty charges, and expenses incurred by Us on the medical examination of the Life Assured (if any).
Note:
- For existing e-Insurance Account: Computation of the said Free Look Period will commence from the date of delivery of the e-mail confirming the credit of the Insurance policy by the IR.
- For New e-insurance Account: If an application for e-Insurance Account accompanies the proposal for insurance, the date of receipt of the ‘Welcome Kit’ from the IR with the credentials to log on to the e-Insurance Account (eIA), or the delivery date of the email confirming the grant of access to the eIA, or the delivery date of the email confirming the credit of the Insurance policy by the IR to the eIA, whichever is later shall be reckoned for the purpose of computation of the Free Look Period.
Non Payment of Due Premium
Lapse:
- If due premiums for the first one (1) policy years have not been paid in full within the grace period, the policy shall lapse and will have no value.
- All risk cover ceases while the policy is in lapsed status.
- The policyholder has the option to revive the policy within Five years from the due date of first unpaid premium.
- In case the policy is not revived during the revival period no benefit shall be payable at the end of revival period and the policy stands terminated.
Paid-Up Value:
- If due premiums for the first one (1) or more policy years have been paid in full and any subsequent premium is not paid within the grace period, the policy will be converted into a paid-up policy.
- Death Sum Assured and Maturity Sum Assured will be reduced in proportion to the number of premiums paid to the total number of premiums payable under the policy. The reduced benefit shall be payable in the same manner as for an in-force policy.
- If a policy is converted into a paid-up policy, it will not accrue any future Guaranteed Additions under both options. The Guaranteed Additions already accrued, if any, remains attached to the policy. A paid-up policy will not accrue any future Guaranteed Additions after death of the Life Assured under option 2.
Suicide exclusion:
In case of death of Life Assured 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.
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.
Generali Central New Assured Wealth Plan (UIN: 133N085V03)
POS Life variant of ‘Generali Central New Assured Wealth Plan’ is also available where only Option-1 of this product can be applied without any medical examination up to limited Sum Assured, with waiting period for non-accidental death. Please click here to know more .
This Product is not available for online sale. Life Coverage is included in this Product.
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
Generali Central Life Insurance Company Limited. (IRDAI Regn. No. 133)
Regd. and Corporate Office address: 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.
Email - care@generalicentral.com
Call us at - 1800-102-2355 /800 /102 /23
Website: www.generalicentrallife.com
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 policy is designed to safeguard your family’s financial security.
In Option 1, in case of unfortunate event during policy term, your nominee will receive the Death Sum Assured and the policy will terminate on the payment of the amount.
In Option 2, In the unfortunate event of your death, your family will receive a payout right away. The policy will continue without any more premiums, and a second lump sum will be paid at maturity.
Option 1 is for individuals who want to plan for their future. It helps you build a lump sum for yourself at the end of the policy.
Option 2 is for those who want to secure their family’s future, too. If something happens to you, your family gets an immediate payout. They won’t have to pay any more premiums, and the policy will continue. At the end, they’ll also receive another lump sum.
Yes, Tax benefits are available as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time. You are advised to consult your tax advisor.
At the end of the policy term, you will receive a lump sum maturity benefit along with the accrued Guaranteed Additions, helping you meet your planned financial goals.