Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Here are the Generali Central Plans that can give you Section 10(10D) tax benefits
2 mins
3.1KOne of the tax benefits of life insurance is that the sum assured including any other add-ons payable to you upon the maturity or surrender of policy is typically not subject to tax. This can help you save tax as per Section 10(10D) of The Income Tax Act 1961, on a term plan as well as ULIP. Here are a few Generali Central Life Insurance plans with Section 10(10D)tax benefits to invest in:
Generali Central Flexi Online Term Plan – UIN 133N058V04
- An affordable life insurance plan that provides cover upto 75 years of age
- Multiple death benefit options to choose from - lump-sum payment, fixed monthly payment, increasing monthly payments as well as the double benefit of a lump sum payout and monthly payment
- Premiums are affordable, and riders can be added to further enhance coverage, apart from the opportunity to save tax as per Section 10(10D)
Generali Central Big Dreams Plan – UIN 133L081V02
- A Unit Linked Insurance Plan (ULIP) that helps you create wealth, nurture your family’s dreams or retire with financial security
- No fund allocation or administration charges, along with the added benefit of life cover
- Receive money monthly to meet your financial goals with the systematic partial withdrawal option
- Section 10(10D) tax benefits on the fund value received at the end of the policy term
Generali Central Wealth Protect Plan – UIN 133L036V03
- A ULIP that facilitates wealth generation for your family’s needs by investing across 7 unit linked funds with varying levels of risk that invest in a mix of debt, equity or both
- Enhanced life cover up to 30 times the yearly premium, depending on the age and choice of the insured along with the addition of riders if needed
- One of the Generali Central Life Insurance plans with Section 10(10D) tax benefits on the maturity amount as well as guaranteed loyalty addition (premiums paid without any lapse in any year)
- Features and flexibility include the choice of switching from one fund to another, redirecting the premium, deciding policy period, and partial withdrawals
Generali Central Dhan Vriddhi – UIN 133L050V03
- Switch between seven funds as per your risk appetite after you choose your policy period, premium payment tenure and amount.
- Partial withdrawal allowed after 5 years of policy continuance from the time it was purchased.
- Save tax as per Section 10(10D) on the fund value payable upon maturity or death benefit as applicable.
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Get Expert Advice from Your Trusted Life Insurance Partner!
Have questions? Get help and reliable support from experts at Generali Central India Life Insurance.
Explore Knowledge Centre
From insurance basics to wealth-building strategies — everything you need, in one place.
Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
Life insurance is a financial safety net that supports your loved ones in your absence. If something happens to you, it provides them with funds to help cover everyday expenses, repay debts, and achieve future goals. It gives you peace of mind, knowing your family’s financial future is secure— no matter what.
The right plan depends on your needs.
Start by assessing your life stage, financial goals, and the needs of your family. Consider factors like your income, outstanding loans, future expenses and goals (like children’s education, foreign travel, study abroad), and desired coverage amount. We offer a wide range of plans that cover multiple goals and budgets. To get a better idea and make a confident choice consult with a financial advisor or call us on 1800 102 2355.
A good rule of thumb is to aim for coverage that's 10–15 times your annual income. Consider your family’s living expenses, outstanding loans, children’s education, and long-term goals. The right amount ensures your loved ones can maintain their lifestyle and meet future needs— even in your absence.
We would love to help you choose and buy the right policy for your needs. Call our toll-free number 1800 102 2355 or drop us an email at care@generalicentral.com.
Reach out to us in any way that you prefer, and our team of experts will soon get back to you!
Disclaimers
Understand your policy better with key details and insights into our Generali Central Life Insurance.
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 product brochure and consult your advisor, or, visit our website 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. 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: www.generalicentrallife.com/customer-service/grievance-redressal-procedure.
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