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.
Guaranteed Returns**
Get a lump sum amount at maturity. No surprises.
Quick Issuance
Buy this plan up to the age of 53 years without any medical examination.
Simple Protection
A straightforward plan to secure your family's future.
**Guarantee is subject to payment of all due premiums. 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 planning for your future, simplicity and security go hand in hand.
The Generali Central New Assured Wealth Plan (POS) is a straightforward savings plan that offers a guaranteed lump sum at maturity and life cover with no medical tests.
With guaranteed additions and easy issuance, it helps you save confidently toward life’s key milestones whether it’s a dream goal, a future expense, or a family need. Choose peace of mind with guaranteed returns and a simple path to secure your financial future.
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 that keeps pace with life’s uncertainties.
Flexible Policy & Payment Terms
Choose a policy term and premium payment term that best fits your financial goals.
No Medical Tests Required
Buy this plan up to the age of 53 years without any medical examination.
Tax Benefits
Save more with eligible tax benefits while growing your wealth through this savings insurance plan.
How to Buy the Generali Central New Assured Wealth Plan?
Getting started with your life insurance plan is easy, here’s how –
Step
Step
Step
Select Details
Decide on the following:
The amount of Annualized Premium
The duration of cover or the Policy Term
The duration of premium payment or the Premium Payment Term
A Roadmap to a Secure Future
Get Expert Advice from Your Trusted Life Insurance Company!
Need quick answers? Generali Central is the best life insurance company in India with 24/7 support and expert financial guidance.
Tailored Plan Options to Secure Your Future
Choose the policy option that fits your life goals.
Essential Protection Plan
Put your family’s security first, even when life takes a turn. Get life cover that’s simple to buy and there when your loved ones need it the most.
Min: Rs. 90,000/-
Max: As per Board Approved underwriting policy. However, Death Benefit shall not exceed the maximum as defined in the POS regulations, circulars and clarifications thereof, as prescribed by the IRDAI from time to time. The Current limit is Rs. 10,00,000 (as on 1 June 2020)
0- 53 Years
18 - 65 years
Yearly, Half Yearly, Quarterly and Monthly
12/16/18/20 years
Limited Pay
Minimum:
Age: 0 days-50 years
₹1,325
Age: > 50 years
₹4,415
Maximum: As per Maximum Sum Assured
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 the applicable taxes, rider premiums and underwriting extra premiums, if any.
3. Age wherever mentioned is age as on last birthday.
Benefits of Generali Central New Assured Wealth Plan
Here’s what we offer with this life insurance plan –
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, Annualized Premium (excluding taxes, rider premiums, loadings 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 Instalment Premium was unpaid The guaranteed additions already accrued, remains attached to the Policy.
Sample annual Guaranteed Addition rates are provided below:
You will receive a Guaranteed Maturity Benefit, on survival till the end of the Policy Term subject to all your premiums due being paid.
- Maturity Sum Assured Plus Accrued Guaranteed Additions, shall be paid where Maturity Sum Assured is equal to Sum Assured
- Sum Assured under this product is equal to the total Annualized Premium payable under the policy (excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any)
- The policy terminates on the payment of the Maturity Benefit.
Amit’s Example
To clearly understand how maturity benefit works in this case, let us look at Amit’s story
Amit is 30 years old healthy man and has purchased the Generali Central New Assured Wealth Plan. He has opted for an Annualized Premium (excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any) of Rs. 30,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. His Sum Assured is Rs. 3, 00,000.
Guaranteed Additions will accrue at a simple rate of 7.93% of Sum Assured from the 8th Policy year till the end of Policy term at the end of each policy year.
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:
In case of unfortunate demise of the life assured during the Policy Term, the life assured’s nominee/beneficiary shall receive Death Sum Assured plus Accrued Guaranteed Additions, if any. This is applicable if the policy is in-force and due premium till date of death have been paid.
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.
Waiting Period:
- There is a 90 day waiting period from the date of acceptance of risk, within which, if death occurs (other than due to accident), the nominee will receive 100% of the premiums paid till the date of death excluding taxes. During this period, the Death Sum Assured will not be payable. The Policy will terminate on payment of Death Benefit
Amit’s Example
To clearly understand how death benefit works in this case, let us look at Amit’s story
Amit is 30 years old healthy man and has purchased the Generali Central New Assured Wealth Plan. He has opted for an Annualized Premium(excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any) of Rs. 30,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. His Sum Assured is Rs.3, 00, 000.
It is assumed that Amit’s death occurs during 2nd policy year. The benefit payable to Amit's nominee(s) will be:
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
Understand your policy better with key details and insights into our New Assured Wealth Plan (Pos Variant)
Free Look Period
If you disagree with the terms and conditions 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 request for cancellation 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 eInsurance 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.
You can revive a Paid-Up Policy within a period of five years from the due date of first unpaid premium. A paid-up policy cannot be revived once the policy term is over.
1. Suicide Exclusion :
In Case of death of Life Assured due to suicide within 12 months from the risk commencement date 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
UIN: 133N085V03
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Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
If you're looking for a safe, low-risk investment that guarantees a fixed return at maturity, the Generali Central New Assured Wealth Plan (POS Variant) is ideal. You only pay a premium for the selected payment terms, such as 6, 8, or 10 years, and get a lump sum with guaranteed additions, making it great for planning future expenses like education or family milestones.
With the Generali Central New Assured Wealth Plan (POS Variant), you only need to pay premiums for a maximum of 10 years, and the policy continues for 12, 16, 18, or 20 years depending on your goals. This means you invest for a short term and enjoy benefits in the long run.
Absolutely! The Generali Central New Assured Wealth Plan is a savings plan that is great for first-time insurance buyers seeking guaranteed returns, life cover, and long-term savings.
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.