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Term Plans
Generali Central Term Insurance Plans
Generali Central Life Insurance Company Limited (Formerly known as Future Generali India Life Insurance Company Limited) is a joint venture between the globally established Generali Group and Central Bank of India, combining international insurance expertise with a strong domestic banking network. With Generali’s presence across 50+ countries and the bank’s extensive reach across India, the company is focused on expanding access to life insurance across urban and emerging markets. Headquartered in Mumbai, it offers a range of protection solutions designed to support long-term financial security and evolving customer needs.
15 lakh Families Secured
₹13,50,000 Crore of Life Cover Assured
Customer Rating
4.8++4 Reviews
4.8++4 Reviews
₹1 Crore Life cover starting from +
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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.
| Generali Central Term Life Insurance Plans | Entry Age | Maturity Age | Policy Term | |
| Generali Central Care Plus Plan | 18 – 65 years | 85 years | 5 – (85 - entry age) years | View Plans |
| Generali Central Saral Jeevan Bima Plan | 18 – 65 years | 70 years | 5 – 40 years | View Plans |
| Generali Central Saral Ashray Yojana | 18 – 60 years | 65 years | 5 – 10 years | View Plans |
Generali Central Care Plus Plan
This formerly called Future Generali Term Insurance Plan offers the following benefits:
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Choose the most suitable plan option from the Life cover and Extra Life cover options.
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Select the suitable policy term and premium payment terms as per your individual needs.
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The policyholder can select the right payout option for their family from lump sum, fixed monthly income, or a combination of both payout options.
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After the end of 3 policy years, the Claim Guarantee Service, under which policies for up to 1 Crore will warrant no further investigation.
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The insurer offers lower premium rates for female customers.
Generali Central Saral Jeevan Bima Plan
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Select your preferred policy term and premium payment terms when buying the plan.
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Your nominee will receive the benefits as a lump sum in case of death during the policy term.
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The premium rates for female customers are lower than those for male customers.
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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
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With this plan, you get life cover with 2 inbuilt benefits: Accelerated Critical illness benefits and Accelerated accidental total and permanent disability cover.
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You can choose the most suitable policy term and premium payment terms as per your requirements.
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Female customers can get premiums that are 5% lower.
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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.
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Tax benefits for term insurance under Sections 80C and 10(10D) will be applicable.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
Compare 40+ plans from 15 Insurers
+Standard T&C Applied
Benefits of Generali Central Term Life Insurance
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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
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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
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Generali Central Term Insurance Plans - FAQs
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Q: How to pay premium? What are the modes of payment available?
Ans: Generali Central Life Insurance offers three ways for clients to pay the premium- Auto Debit
- Cash/cheque deposit at Branch
- Online payment
- Pay by Phone
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Q: How can I check policy status for Generali Central term insurance plans?
Ans: You can check the policy details from the website of the company with your valid username and password. -
Q: What is the policy renewal process for Generali Central term insurance plans?
Ans: You can renew the policy by login to e-Portal with policy details. Select the payment option (Debit/credit card or by Net Banking) to pay. Finally, print/save the e-receipt. You can deposit the cash before the due date to renew it automatically. -
Q: What is the company’s process to settle claims for Generali Central Life term insurance plans?
Ans: The company settles the claims within 7 days, provided the documents and the claims form is correct. You will have to apply for the claim at the company through toll free number or by email. -
Q: What is the policy cancellation process for Generali Central Life term insurance plans?
Ans: Simply walk into the nearest branch office with your policy documents and duly filled surrender form. It would take 5 business days to process the cancellation request and deposit the refund premium. An intimation letter on cancelled policy will be posted your registered address.
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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10
+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.
+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
Women
+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.
1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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