In case of death of member under the plan, or critical illness, or on disability*

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Cover Everyone— From Freshers to Veterans

Give your employees peace of mind and show you care. This simple, cost-effective solution helps you protect your team’s families in case of life’s uncertainties.

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Generali Central Group Term Life Insurance Plan

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Have questions? Get help and reliable support from experts at Generali Central Life Insurance.

Get Expert Advice from Your Trusted Life Insurance Company! 

Everything you need to understand your policy, plan your future, and make informed decisions at your convenience.

Downloads

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Product Brochure

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Policy Schedule

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Policy Document

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Customer Information Sheet

Here are answers to some of the questions you might have.

Under a single policy, employers or group managers can provide life cover for members or families of their employees. The sum assured is paid on death of a member. It also provides provision to add or delete the members on monthly basis

Premiums are due annually but can also be paid half‑yearly, quarterly, or monthly. Each policy term lasts one year, and you can renew it each year as long as group eligibility continues.

Yes—the plan qualifies for tax deductions under the Income Tax Act Section 123 read with Schedule XV. Premiums paid are eligible, but tax laws can change, so confirm with a tax advisor when enrolling.

A minimum of 10 members per group is required.

Members must be aged 18 to 79 at entry and up to 80 years at maturity, with at least 19 years at maturity.

Absolutely. You have 30 days to review your Certificate of Insurance:

Master policyholder: return for cancellation and refund of premiums minus prorated costs.

Individual members: can likewise return their certificate within 30 days for a refund after deductions.

This “free‑look” provision ensures you're satisfied with the coverage.

If the insured member passes away due to suicide within 12 months from either the risk commencement date or the policy revival date (whichever is applicable), the nominee or beneficiary will be entitled to a minimum of 80% of the total premiums paid up to the date of death, provided the policy is active. This exclusion does not apply during cover renewal.

Got Questions? We’ve Got Answers!

All the policy terms, exclusions, and key facts you need to make informed financial decisions

Riders

Exclusions

In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the Insured member shall be entitled to at least 80% of the total premiums paid till the date of death, provided the policy is in force. This clause will not be applicable during renewal of cover.

Free Look Cancellation

In case you disagree with any of the terms and conditions of the policy/coverage, you can return the policy/Certificate of Insurance to the Company within 30 days of its receipt (whether received electronically or otherwise), for cancellation, stating your objections. We will refund the policy premium after the deduction of proportionate risk premium for the period of cover, stamp duty charges, cost of medical examination, if any.

On receipt of the Certificate of Insurance, the Insured Member may review the Terms and Conditions stated herein. In case the Insured Member is not satisfied with Terms and Conditions, he/she has an option to return the Certificate of Insurance to the Company within 30 days of its receipt (whether received electronically or otherwise), with a request for cancellation, stating reasons for the same. On such cancellation of the Certificate of Insurance, we will refund the premium after deducting a proportionate cost of insurance for the period covered , expenses incurred towards medical examinations, if any, and stamp duty.

Grievance Redressal

In case you have any grievances on the solicitation process or on the Product sold or any of the Policy servicing matters, you may approach the Company in one of the following ways:

Why Choose Us

Generali Central Life Insurance Company Limited (Formerly known as Future Generali India Life Insurance Company Limited) offers a wide range of life insurance solutions designed to protect and empower individuals at every stage of life. Whether it’s protecting your loved ones, planning for retirement, or securing long-term financial well-being, our offerings are designed to evolve with your needs. Backed by a robust distribution network and advanced digital tools, we are dedicated to delivering simplicity, innovation, empathy, and care in every experience — all anchored by our unwavering commitment to being your Lifetime Partner.

This commitment is backed by the strength of our joint venture between Generali, a global insurance leader with over 190 years of expertise, and Central Bank of India, a trusted name with a rich legacy in Indian banking.

Disclaimers

Generali Central Group Term Life Insurance Plan (UIN: 133N003V05)

Important Information & Resources

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Get in Touch

A simple way to secure your team’s future—here’s how to get started.

How to Buy the Group Term Life Insurance Plan?

Protect your employees with the Group Term Life Insurance Plan by Generali Central Life Insurance. Get expert guidance for tailored coverage.

Buy Group Term Life Insurance Plan in India | GCLI

This is a Group, Non-Linked, Non-participating, (Without Profits), yearly renewable Term Insurance Plan

A simple, cost-effective way to protect your employees or members with life insurance coverage.

This yearly renewable plan offers financial security to the family in the unfortunate event of a member or employee’s death. It’s ideal for companies and groups seeking to enhance their benefits package or extend social protection to their members or employees.

For organizations, it’s a valuable tool to boost employee or member loyalty. For individuals, it’s the peace of mind that comes from knowing their families are protected— anytime, anywhere.

Provide financial support for employee family.

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Financial Security for Families

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Easy to Manage

Annual renewable term with options for continuity.

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Flexible Policy Term

Pay lower premiums than individual insurance plans.

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Affordable Life Cover

Easily add or remove employees every month.

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Flexible Member Additions

Help employees thrive in a caring environment.

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Boost Employee Morale

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Tax Benefits

Add extra protection with optional riders.

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Enhance Cover with Riders

Why Choose Generali Central Group Term Life Insurance Plan?

Subhra Mukherjee

Goutam Kumar Paul

Vimal Verma

Pravin Khemka

Navin Khemka

Shoni Khan

Phoolchand Jakhad

Balraj Wadhera

Snehlata Wadhwa

Satish Kumar

Rajneesh Agrawal

Dilip Agnihotri's

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6019

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897,635

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₹87.84 Bn

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98.08%

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99.78%

We bring experience, stability, and a proven approach to supporting your family and financial goals.