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.
5 Tax Saving Generali Central Plans for Young Parents
2 mins
3.2K1. Generali Central Assured Education Plan
This is an assured income savings plan for funding the higher education of your children. It allows you to accumulate a corpus until your child turns 17. Generali Central Assured Education Plan can be taken when your child is anywhere between 0 to 10 years of age, making it an attractive option for young parents.
Tax Benefits:Premiums paid are eligible for tax-deduction under Section 80C of the Income Tax Act 1961. The amount received at maturity is not taxable as per Section 10(D) of the ITA if the premium is not more than 10% of the sum assured or the sum assured is at least 10 times the premium
2. Generali Central Wealth Protect Plan (ULIP)
With newborns, one’s financially responsibility grows. Generali Central Wealth Protect Plan is a market-linked life insurance plan that can help you accumulate wealth through market-investments of your choice while keeping you and your loved ones insured.
Tax Benefits:Premiums paid for ULIPs are exempt from taxation under Section 80C. Under Section 10(D), returns at maturity are also tax-exempted. The only condition is that the premium amount should be less than or equal to 10% of the sum assured.
3. Generali Central Flexi Online Term Plan
For young internet-savvy parents, this online term plan provides a term cover of up to 75 years. The policyholder can opt for a lump sum payout on their death, or payouts in instalments to financially secure their family.
Tax Benefits:Premiums paid for term plans are eligible for tax-deductions under Section 8OC if the premium is not more than 10% of the sum assured or the sum assured is at least 10 times the premium
4. Generali Central Heart and Health Insurance Plan
Critical illness cover is becoming increasingly important due to unhealthy lifestyles that have led to an increase in the incidence of lifestyle diseases. Protect your family from this threat with Generali Central Heart and Health Insurance Plan. It provides extensive cover against 59 critical illnesses.
Tax Benefits: Section 80D of ITA permits tax-deductions for premiums taken for you or your family.
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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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