Download the Policybazaar app
to manage all your insurance needs.
Generali Central Life Insurance Bima Advantage Plus Plan
Generali Central Life Insurance Bima Advantage Plus Plan is a unit-linked life insurance plan intended to help individuals secure life and earn wealth in the market. It is a non-participatory individual ULIP in which the policyholder bears the investment risk. The plan will be flexible in selecting investment funds and will contribute to long-term wealth building, providing your family with financial protection.
-
Home
-
ULIP Plans
-
Generali Central Life ULIP Plans
- Generali Central Life Insurance Bima Advantage Plus Plan
List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Midcap Fund
SBI Life
AUM:57,040 Cr
57,040 Cr
NAV
50.43
-50.43%
Returns
19.16%
Highest Returns
Opportunities Fund
HDFC Life
AUM:35,377 Cr
35,377 Cr
NAV
79.15
0.52%
Returns
15.53%
Highest Returns
High Growth Pension Fund
Axis Max Life
AUM:4 Cr
4 Cr
NAV
10.38
0.01%
Returns
22.85%
Highest Returns
US Technology Advantage Fund
ICICI Prudential Life
AUM:0 Cr
0 Cr
NAV
0.00%
Returns
-
Multi Cap Fund
Tata AIA Life
AUM:10,579 Cr
10,579 Cr
NAV
66.28
-66.28%
Returns
16.42%
see more plans
Disclaimer :
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment 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
Eligibility Criteria for Generali Central Life Insurance Bima Advantage Plus Plan
| Criteria | Minimum | Maximum |
| Entry Age (Last Birthday) | 7 Years | 65 Years |
| Maturity Age (Last Birthday) | 18 Years | 95 Years |
| Policy Term | 10 Years | 30 Years |
| Premium Paying Term | Same As Policy Term | — |
| Annual Premium | ₹20,000 | No Limit |
| Premium Modes | Annual, Half-Yearly, Quarterly, Monthly | — |
Features of the Generali Central Life Insurance Bima Advantage Plus Plan
Here are the key features of the Generali Central Life Insurance Bima Advantage Plus Plan:
- A combination of life protection and market-linked investment.
- Choice of nine investment funds with different risk profiles.
- Flexibility to switch between funds.
- Premium redirection facility available.
- Partial withdrawals are allowed after the completion of five policy years.
- Tax benefits may be available as per applicable laws.
The plan allows up to 12 free fund switches per policy year. Additional switches are subject to charges. You can also explore other best investment plans to compare income, savings, and wealth creation options offered by the insurer.
Benefits of the Generali Central Life Insurance Bima Advantage Plus Plan
Below are the key benefits of the Generali Central Life Insurance Bima Advantage Plus Plan:
- Maturity Benefit: On survival till the end of the policy term, the fund value as on the maturity date is payable.
- Death Benefit: In case of death during the policy term, the nominee will receive the higher of:
- Sum Assured (after deducting applicable partial withdrawals), or
- Fund Value, or
- 105% Of Total Premiums Paid
The policy terminates after payment of the death benefit.
- Wealth Creation Opportunity: As a ULIP, your investment participates in the capital markets through selected funds, offering potential long-term growth.
Policy Details of the Generali Central Life Insurance Bima Advantage Plus Plan
Here are the policy details of Generali Central Life Insurance Bima Advantage Plus Plan:
-
Grace Period
A grace period of 15 days (in case of the monthly mode) and 30 days (in case of other modes) is allowed. This period does not indicate an end to the policy.
-
Revival
A policy that has been terminated may be revived within a total of 3 years from the date of the initial unpaid premium, subject to certain conditions.
-
Free Look Period
The policyholder may terminate the policy within 30 days of receiving the policy document if he is not satisfied with its terms.
-
Surrender
The surrender may be done at any time within the policy term. Assuming surrender in the first five policy years, the fund value (less any applicable charges) will be transferred to the Discontinued Policy Fund, and the payment will be made upon expiry of the lock-in period.
-
Fund Switching
Up to 12 free switches are available in each policy year. Charges apply beyond the free limit.
This plan falls under Generali Central Life Investment Plans, which integrate long-term savings and life insurance cover.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| Bandhan Life Debt Fund | ₹40.4 | ₹93 Cr | 5.77% | 6.74% | |
| Bandhan Life Secure Fund | ₹28.75 | ₹46 Cr | 5.25% | 4.6% | |
| Bandhan Life Blue Chip Equity Fund | ₹30.68 | ₹206 Cr | 10.79% | 11.55% | |
| Bandhan Life Stable Fund | ₹32.65 | ₹17 Cr | 7.17% | 8.82% | |
| Bandhan Life Accelerator Fund | ₹47.61 | ₹219 Cr | 12.58% | 13.16% | |
| Bandhan Life Opportunity Fund | ₹40.33 | ₹234 Cr | 16.68% | - | |
| Bandhan Life Pension Debt Fund | ₹32.12 | ₹4 Cr | 5.6% | 6.53% | |
| Bandhan Life Pension Enhanced Equity | ₹111.81 | ₹18 Cr | 12.93% | 13.01% | |
| Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund | ₹9.63 | ₹2 Cr | - | - | |
| Aegon Balanced | ₹45.78 | ₹12 Cr | 7.45% | 8.68% | |
| Aegon Enhanced Equity | ₹71.53 | ₹69 Cr | 12.39% | 12.37% | |
| Aegon Pension Balanced | ₹52.26 | ₹2 Cr | 8.32% | 9.22% | |
| Aegon Pension Index | ₹88.14 | ₹6 Cr | 8.2% | 10.47% | |
| Aegon Pension Secure | ₹28.64 | ₹1 Cr | 4.62% | 4.95% | |
| Aegon Life Group Equity Fund | ₹61.61 | ₹13 Cr | 13.67% | 13.27% | |
| Bandhan Life Flexi Cap Fund | ₹11.56 | ₹91 Cr | - | - | |
| Bandhan Life Mid Cap Fund | ₹10.6 | ₹82 Cr | - | - |
See more plans
Exclusions Under the Generali Central Life Insurance Bima Advantage Plus Plan
Suicidal Clause
If the life assured dies due to suicide within 12 months from policy commencement or revival, only the fund value as on the date of intimation will be payable.
FAQs
-
Can I make only partial withdrawals under this plan?
In the first 5 years, you are allowed to make partial withdrawals, though on the condition that you retain a certain minimum amount (usually two years of premiums) to maintain the policy in force. -
What happens if I give up before the end of the policy term?
When you give up before 5 years, your funds are invested in a "Discontinued Policy Fund," where they earn a minimum interest rate (usually around 4) and cannot be withdrawn until the 5-year lockout period expires. -
Can I redistribute my budget?
Yes, you can transfer your current cash (Switching) or can alter the destination of future payments (Redirection).
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
- SIP Calculator
- Income Tax Calculator
- Compound Interest Calculator
- NPS Calculator
- Show More Calculator
Ulip plans Articles
Recent Articles
Popular Articles
20 Jul 2026
Mixing insurance with investment sounds smart, but the products
16 Jul 2026
Many investors choose the wrong product between ULIP and aGenerali Central ULIP Plans Reviews & Ratings
(Showing Newest 10 reviews)
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment 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
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ