Generali Central Term Insurance Plans

Why Choose Generali Central Term Life Insurance?

Generali Central Life Insurance is a suitable choice for individuals seeking affordable financial protection and long-term family security. The insurer offers flexible term insurance plans with comprehensive coverage options, optional riders, and customizable policy benefits to match different life goals and financial needs.

• Backed by the trusted legacy of the Central Bank of India and the global expertise of Generali Group.

• Wide distribution network with 6,000+ companies and partner branches across India.

• Over 9.46 lakh lives protected since inception.

• Assets under management exceeding ₹104.7 billion.

• 99.57% individual claim settlement ratio in FY 2025–26.

• 100% group claim settlement ratio in FY 2025–26.

Generali Central Term Plan Insurance

Generali Central Life Insurance offers two types of term insurance plans to its customers. Let us take a look at the term plans available with the company.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

VIEW PLAN

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

VIEW PLAN

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

VIEW PLAN

Generali Central Care Plus Plan

This formerly called Future Generali Term Insurance Plan offers the following benefits:

• Choose the most suitable plan option from the Life cover and Extra Life cover options.

• Select the suitable policy term and premium payment terms as per your individual needs.

• The policyholder can select the right payout option for their family from lump sum, fixed monthly income, or a combination of both payout options.

• After the end of 3 policy years, the Claim Guarantee Service, under which policies for up to 1 Crore will warrant no further investigation.

• The insurer offers lower premium rates for female customers.

Generali Central Saral Jeevan Bima Plan

• Select your preferred policy term and premium payment terms when buying the plan.

• Your nominee will receive the benefits as a lump sum in case of death during the policy term.

• The premium rates for female customers are lower than those for male customers.

• You can claim term insurance tax benefits on the premiums paid and the benefit payout received by the family as per the prevailing tax laws.

Generali Central Saral Ashray Yojana

• With this plan, you get life cover with 2 inbuilt benefits: Accelerated Critical illness benefits and Accelerated accidental total and permanent disability cover.

• You can choose the most suitable policy term and premium payment terms as per your requirements.

• Female customers can get premiums that are 5% lower.

• You also get an inbuilt waiver of premium benefit on the diagnosis of a covered critical illness or ATPD, all future premiums will be waived off while keeping the policy active.

• Tax benefits for term insurance under Sections 80C and 10(10D) will be applicable.

Benefits of Generali Central Term Life Insurance

• Financial Security for Your Family
  In case of an unfortunate event, the Generali Central term insurance policy ensures your loved ones receive a lump sum payout to manage household expenses and maintain their lifestyle.

• Protection Against Liabilities
  The payout can help your family repay outstanding loans such as home loans or personal liabilities, preventing financial stress.

• Income Replacement for Dependents
  Acts as a steady financial backup by providing income replacement, ensuring your family’s long-term goals remain on track.

• Peace of Mind with Long-Term Coverage
  Knowing that your family is financially protected allows you to focus on your present goals without constant worry.

• Customisable Coverage Based on Life Stage Needs
  You can tailor your coverage at any life stage, like marriage, childbirth, and borrowing a home loan, to make sure that your plan evolves with your needs.

Key Features of Generali Central Term Life Insurance

• High Life Cover at Affordable Premiums
  Get a large sum assured at relatively low premium outgo, making it easier to secure your family’s financial future without straining your monthly budget.

• Flexible Policy Term and Premium Payment Options
  Choose a policy term and premium payment frequency that aligns with your financial planning, whether you prefer limited pay or regular pay options.

• Multiple Rider Options for Enhanced Protection
  Strengthen your base plan with term insurance riders such as critical illness or accidental death benefits, helping you cover more risks under one policy.

• Simple Online Buying and Policy Management
  Purchase and manage your policy digitally with minimal paperwork, making the entire process quick and convenient.

• Tax Benefits Under Applicable Laws
  Premiums paid and benefits received may qualify for tax advantages under prevailing income tax regulations, helping optimise your overall financial planning.

How to Buy Term Insurance Online via PolicyBazaar?

Here are the steps on how to buy term insurance online through policybazaar:

Step 1: Visit the term insurance page of Policybazaar

Step 2: Fill in the required details like name, age, gender, and other contact information

Step 3: Select the right smoking habits, educational qualifications, annual income, and occupation type

Step 4: Choose the best term insurance plan for your needs and proceed to pay the first premium

How to Contact Generali Central Term Life Insurance?

Generali Central Term Life Insurance offers several convenient ways for customers to get assistance with their policies, claims, premium payments, and service requests.

Customer Care Assistance

Policyholders can speak directly with the customer support team for help related to policy details, premium dues, claim procedures, nominee updates, and other service-related concerns. Support is available from 9:30 AM to 6:30 PM, Monday to Saturday.

Email Support

Customers who prefer written communication can reach out to the insurer at care@generalicentral.com for policy queries, complaints, document-related requests, or service support. The company’s support team responds with the required guidance and resolution process.

Online Policy Services

Generali Central also provides digital policy management services, allowing customers to access important policy features without visiting a branch. Through the online platform, policyholders can conveniently pay premiums, download policy documents, update personal details, raise service requests, and track their application status.

WhatsApp Support

For faster assistance, customers can also connect with Generali Central on WhatsApp at +91 8108198633. This service helps users with basic policy information, service requests, and quick support-related queries.

Is Generali Central Term Insurance Good?

Yes, Generali Central Life Term Insurance is a good choice for buyers seeking reliable and affordable term coverage backed by Generali, one of the world's largest insurance groups with over 190 years of global presence. Its term plans offer comprehensive life protection, flexible coverage options, and competitive premiums, making it a dependable option for individuals looking for straightforward protection at an accessible cost. It is particularly well-suited for budget-conscious buyers who want the credibility of a globally recognised insurance brand without compromising on coverage quality.

Generali Central Term Insurance Plans - FAQs