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Generali Central Express Term Plan

Generali Central Express Term is a term insurance plan that provides life cover along with other benefits such as accidental death and critical illness cover depending on the option chosen. It offered four coverage options and allowed policyholders to select premium payment terms and frequency of payment.

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Formerly known as Future Generali Express Term Plan, the Generali Central Express Term Plan is no longer available for new sales and is discontinued.

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₹1
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₹75
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@ Starting from ₹ 12/day⁺

Generali Central Express Term Plan: Overview

The Generali Central Express Term policy offers financial protection with a range of life, accidental death, and critical illness benefits. The plan offered by Generali Central Life Insurance provides four options, from which policyholders can choose according to their needs.

Generali Central Express Term Plan Options

This term insurance plan has four options:

Plan Option	Cover Available
Option 1: Life Cover	Life cover in case of death or terminal illness
Option 2: Extra Life Cover	Life cover along with additional benefit in case of accidental death
Option 3: Life Plus Health Cover	Life cover with critical illness benefit
Option 4: All-in-One Cover	Life cover with accidental death and critical illness benefits

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Key Features of Generali Central Express Term

Four coverage options are available, including life cover, extra life cover, life plus health cover and all-in-one cover.
Policyholders can choose between Limited Pay and Regular Pay options.
Premiums can be paid monthly, quarterly, half-yearly or yearly.
The plan offers policy terms that can extend up to age 85 under Options 1 and 2.
Options 3 and 4 offer cover up to a maximum maturity age of 80 years.
Options 3 and 4 include coverage for 34 specified critical illnesses.
A surrender benefit is available under the Limited Pay option, subject to the applicable conditions.

Eligibility Criteria of Generali Central Express Term Plan

Parameters	Details
Entry Age	18 -65 years
Maturity Age	Minimum: 23 years Maximum: 85 years (Option 1 and Option 2) and 80 years (Option 3 and Option 4)
Sum Insured	Minimum: Rs. 25,00,000 Maximum: No limit. Subject to underwriting by Company
Policy Tenure	Option 1 and Option 2 5/10/15/20/25/30 -85 years less entry age (Limited and Regular pay plan) Option 3 and Option 4 Equal to Premium Payment term (Limited pay) 5 years to (80 years less entry age) years, subject to policy term and premium paying term
Premium Payment Terms	Limited Pay: 5/10/15, or 60 years less the age at entry, subject to a minimum 5 years Regular Pay
Premium Payment Mode	Monthly, Quarterly, Half-Yearly, and Yearly

Benefits of Generali Central Express Term Insurance Plan

The benefits of this term insurance plan depend on the coverage option selected when the policy was purchased.

Life Cover

Under the Life Cover option, the policy provides financial support to the nominee in case of the policyholder's death during the policy term. The option also includes a benefit in case of terminal illness, subject to the terms and conditions of the policy.

Extra Life Cover

Option 2 of the Generali Central Express Term Plan provides the benefits available under the Life Cover option along with an additional benefit in case of accidental death. This option is for those looking for additional protection against accidental death.

Critical Illness Benefit

Options 3 and 4 include critical illness cover for 34 specified critical illnesses. If the policyholder is diagnosed with a covered critical illness, the applicable benefit is payable subject to the policy conditions, definitions and exclusions.

All-in-One Cover

Option 4 combines the plan's main protection benefits. It includes life cover along with benefits for accidental death and specified critical illnesses.

Surrender Benefit

A surrender benefit is available under the Limited Pay option, subject to the policy conditions. The policy can be surrendered after premiums for the first three policy years have been paid, except during the last policy year. The applicable surrender value is payable as a lump sum.

Tax Benefits

Premiums paid towards the Generali Central Term Insurance plan and benefits received may qualify for tax benefits under the applicable provisions of the Income Tax laws. Tax benefits are subject to prevailing tax laws and may change from time to time.

Exclusions of Generali Central Express Term

Below are the key exclusions of Generali Central Express Term:

In case of suicide within 12 months from the date of risk commencement or policy revival date, the death benefit is subject to suicide exclusion and applicable policy terms. As provided in the plan, 80% of total premiums paid or the applicable surrender value whichever is applicable is payable.
Accidental Total and Permanent Disability: The policy will not offer any benefit if the disability does not last at least 180 continuous days.
It will not offer death benefits due to suicide, participation in riots or terrorist activities, fraud, or adventure sports.
It will not offer any benefit in critical illness due to pre-existing diseases, drug addiction, self-injury, nuclear contamination, and others.

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FAQs

Q1. Is the Generali Central Express Term Insurance Plan still available?

Ans: No. The Generali Central Express Term Insurance Plan is discontinued and is not available for new purchases.
Q2. What coverage options are available under Generali Central Express Term?

Ans: Generali Central Express Term offers four coverage options: Life Cover, Extra Life Cover, Life Plus Health Cover and All-in-One Cover. The benefits vary depending on the option selected.
Q3. Does Generali Central Express Term include critical illness cover?

Ans: Yes. Critical illness cover is available under Option 3 and Option 4. The plan covers 34 specified critical illnesses, subject to the applicable terms, conditions and exclusions.
Q4. Can an existing Generali Central Express Term policy be revived?

Ans: Yes. A lapsed policy can be revived within the revival period allowed under the policy terms. The policyholder needs to submit the required application and pay the applicable outstanding premiums and charges for revival.
Q5. Does Generali Central Express Term offer a loan facility?

Ans: No. Generali Central Express Term does not offer a loan facility. Existing policyholders can contact Generali Central Life Insurance for information about their policy and available services.

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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

+On the basis of your profile

+Rs. 410/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. 410/month (Rs.14/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 rounded off to nearest 10

+Rs. 245 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.

+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. 15/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. 504/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. 494/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. 636/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. 918/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. 1,286/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.

+Rs. 453/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.582/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. 786/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. 1,592/month 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.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/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.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, 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. ₹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

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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