Double Payout in case of accidental death while using Public Transport 

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Up to 3 times your base policy sum assured

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Get your premiums back at maturity with ROP

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Accidents never give a warning. A single moment can suddenly leave your family without your income or support. Add accidental death coverage to your current policy for up to three times your base sum assured. It is a gentle but meaningful way to look out for the people you love.

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Generali Central Linked Accidental Death Benefit Rider

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

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

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Product Brochure

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Policy Document 

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

Accidental death means death resulting solely and directly from bodily injury caused by an accident (sudden, unforeseen, involuntary event via external, visible, violent means). Death must occur within 180 days of the accident and result solely, directly, and independently of all other causes.

Accidents often leave families facing not just income loss but substantial immediate expenses—medical bills, funeral costs, debt clearance. Triple coverage ensures your family has significantly more financial resources during the most difficult period, above what your base policy provides.

Double benefit applies when accidental death occurs in four specific scenarios: (1) Public land transport (bus, tram, train), (2) Certified passenger elevators, (3) Fire in specified public buildings (theatre, cinema, auditorium, hotel, school, hospital), (4) Commercial scheduled airline flights.

The benefit is still payable if death occurs within 180 days of the accident, even if that extends beyond the rider term end date. The critical requirement is that the accident itself occurs during the rider term.

No. This rider covers exclusively accidental death (external, violent, visible means causing injury that results in death within 180 days). Death from illness, disease, or natural causes is covered by your base policy, not this accident-specific rider.

Got Questions? We’ve Got Answers!

Understand your policy better with key details and insights into the Generali Central Linked Accidental Death Benefit Rider. 

Little Privileges Just for You

Premium can be paid in Single premium, Yearly, Half-yearly, Quarterly or Monthly modes which shall be same as the base policy. 

The Policyholder may increase/decrease Rider Sum Assured within the range of minimum eligibility criteria and up to maximum of three (3) times the Sum Assured allowed under the Base Policy and further subject to IRDAI regulations, 2024, as amended from time to time. Any increase/decrease in Rider Sum Assured can only be done on the Policy Anniversary of the Base Policy

Under ROP option, the Policyholder will get Total Premiums Paid (excluding any extra premium and taxes, if collected explicitly) upon maturity, if there was no Rider claim made during the Rider Term.

Grace Period means the time granted by the insurer from the due date for the payment of premium, without any penalty or late fees, during which time the Policy is considered to be In-force with the risk cover without any interruption, as per the terms & conditions of the Policy. The Grace Period for payment of the premium for all types of life insurance policies shall be fifteen (15) days, where the Policyholder pays the premium on a monthly basis and thirty (30) days in all other cases. 

The benefit payable will be doubled if the death due to accident occurs under any of the following circumstances: 

(a) While Life Assured is riding as a fare paying passenger on commercially licensed public land transportation over an established route such as a bus, tram or train. A taxi or any form of transport chartered for private travel is excluded. 

(b) While Life Assured is in an elevator car (elevators in mines, rigs and on construction sites excluded) duly certified to carry passengers; or 

(c) As a direct result of the burning of the following public buildings only: theatre, cinema, public auditorium, hotel, school and hospital. 

(d) When Life Assured is on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route. 

The benefit will be payable if the accident occurs within the Rider Term even if the death occurs beyond the Rider Term (however within 180 days of the accident).

(a) Rider can be attached to the base plan at inception or at any Policy anniversary of the base plan as per the Rider Terms and Conditions. 

(b) Rider will automatically get surrendered if the base plan is surrendered and Surrender Value, if any shall be payable. 

(c) The Policyholder may increase/decrease Rider Sum Assured within the range of minimum eligibility criteria and up to maximum of three (3) times the Sum Assured allowed under the Base Policy and further subject to IRDAI regulations, 2024, as amended from time to time.

Terms and Conditions

The Rider Sum Assured is payable subject to following conditions: 

i. The policy shall have to be in force at the time of accident irrespective of whether or not it is in force at the time of death. 

ii. The death occurs within 180 days of the date of accident due to such injury as stated above, solely, directly and independently of all other causes of death.

(a) If all due Rider premiums for the first policy year have not been paid in full within the grace period, the rider shall lapse and will have no value.

(b) All risk cover ceases while the rider is in lapsed status.

(c) The Policyholder has the option to revive a lapsed rider within three (3) years (along with Base Policy) from the due date of first unpaid premium.

(d) In case the rider is not revived during the Revival Period, no benefit shall be payable at the end of Revival Period and the Rider will terminate thereafter.

(a) Revival Period means the period of three (3) consecutive years from the due date of first unpaid Rider premium during which period the Policyholder is entitled to revive the Rider which was discontinued due to the non-payment of premium. 

(b) Revival of a Rider cannot be done once the Rider Term is over. 

(c) The Revival will be considered on receipt of application from the Policyholder along with the proof of continued insurability of Life Assured and on payment of all overdue Rider premiums with interest, if any. The Company, however, reserves the right to accept at original terms, accept with modified terms or decline the Revival of a discontinued Rider. The Revival of the discontinued Rider shall take effect only after the same is approved by the Company and is specifically communicated to the Policyholder. 

(d) The interest rate applicable on Revival should be the same as that applicable in the Base Policy. 

i. You may Surrender this Rider at any time within the Rider Term. Upon Surrender, you will be eligible for Surrender Value, if any, as per the provisions given under this clause. 

ii. The Rider acquires a Surrender Value after completion of first Policy year provided one full year premium has been received. Once this Rider has acquired a Surrender Value, the Rider or the reduced paid-up Rider may be Surrendered during the Rider Term and we will pay You the Surrender Value.

 iii. The Surrender Value on this Rider shall be the Special Surrender Value or the Guaranteed Surrender Value, whichever is higher, as defined below

GSV factor x Total Premiums Paid (excluding loading for modal premiums and discount) up to the date of surrender. 

GSV factors for regular premium and limited premium:

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The Rider acquires a Special Surrender Value immediately after the Rider is issued in case of single pay and after completion of first Policy year provided one full year premium has been received in case of limited & regular pay. 

Single / Limited pay - 75% * (Total Premiums Paid)* (1 – Rider premium paying term / Rider Term)* (Balance Rider Term / Rider Term). 

SSV Factor for Maturity Benefit* Paid up Maturity Benefit+ SSV Factor for ADB* Paid up Rider Sum Assured 

Special Surrender Value (SSV) shall be based on the Company’s expectation of future financial and demographic conditions and may be reviewed annually by the Company in accordance with the applicable IRDAI regulations in this behalf.

(a) If after the receipt of due instalment premiums for first (1) or more Policy years in full, any subsequent instalment premium remains unpaid upon the expiry of the Grace Period, this Policy will be converted into a reduced paid-up Policy.

(b) If this Policy is converted into a reduced paid-up Policy, Rider Sum Assured and Maturity Benefit will be reduced in proportion to the number of premiums paid to the number of premiums payable under the Policy and shall be payable in the manner set out in the ADB Benefit and Maturity Benefit provisions in ’What are Your Benefits?’ Part above.

(c) Paid up Maturity Benefit = (Number of Rider premiums paid / Total number of Rider premiums payable) * Maturity Benefit 

(d) Paid up Death Benefit = (Number of Rider premiums paid / Total number of Rider premiums payable) * Rider Sum Assured

You may be eligible for tax benefits on the premium(s) you pay and benefit proceeds, according to the provisions of Income Tax laws as amended from time to time.

Section 41 of the insurance Act, 1938 as amended from time to time

Section 45 of the insurance Act, 1938 as amended from time to time: 

For further information, Section 45 of the Insurance laws (Amendment) Act, 2015 may be referred.

Exclusions

No benefits under this rider will be payable if disability occurs from, or is caused by, either directly or indirectly, voluntarily or involuntarily due to or caused, occasioned, accelerated or aggravated by, any one of the following: 

i. Intentional self-inflicted injury, attempted suicide, while sane or insane; 

ii. Insured person being under the influence of drugs, alcohol, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a Doctor; 

iii. War, invasion, act of foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection, military or usurped power, riot or civil commotion, strikes; 

iv. Taking part in any naval, military or air force operation during peace time or during service in any police, paramilitary or any similar organization. 

v. Participation by the insured person in any flying activity, except as a bona fide, fare-paying passenger of a recognized airline or Pilots and cabin crew of a commercial airline, on regular routes and on a scheduled timetable; 

vi. Participation by the insured person in a criminal or unlawful act with illegal or criminal intent; 

vii. Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but not limited to, diving or riding or any kind of race; underwater activities involving the use of breathing apparatus or not; martial arts; hunting; mountaineering; parachuting; bungee jumping; 

viii. Nuclear Contamination; the radio-active, explosive or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel materials or accident arising from such nature. 

ix. Any other exclusion that forms a part of policy document will also apply.

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:

We will provide a resolution at the earliest. For further details please access the link: 

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.

Disclaimer

Generali Central Life Insurance Company Limited (formerly known as Future Generali India Life Insurance Company Limited). (IRDAI Regn. No. 133) CIN:U66010MH2006PLC165288 Regd. and Corporate Office address: Generali Central Life Insurance Company Limited, Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai 400083.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS.

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Important Information & Resources

 - The Policyholder will get Total Premiums Paid (excluding any extra premium and taxes, if collected explicitly) upon maturity, if there was no Rider claim made during the Rider Term.

Maturity Benefit

If the life assured dies during the rider term from an accident, the Linked Accidental Death Benefit Rider Sum Assured will be payable along with death benefit of the base policy.

An “Accident” means sudden, unforeseen and involuntary event caused by external, visible and violent means.

The “Accidental Death” benefit is payable only if the life assured sustains any bodily injury resulting solely and directly from an accident caused by outward, violent and visible means and such injury shall within a period of 180 days of the occurrence of the accident; solely, directly and independently of all other causes, result in the death of the life assured.

In case the “event” which has caused death due to accident has occurred during the rider term and accidental death occurs after the policy term but within 180 days from the date of accident, the accidental death benefit shall be payable.

The Policyholder has following options to receive Rider Sum Assured:

The rider will terminate on payment of complete Rider Sum Assured.

Accidental Death Benefit

Benefits of Generali Central Linked Accidental Death Benefit Rider

Choose the rider that fits your life

Rider Summary

Enhance your life insurance with our Linked Accidental Death Benefit Rider. Gain added accidental death coverage, flexible benefit payouts, and extra financial security for your loved ones.

Linked Accidental Death Benefit Rider | Generali Central Life Insurance

A Non-Par, Linked, Life, Individual, Pure risk (or Savings in case of ROP option) Rider.

Accidents on the road, at work, or during daily travel happen without warning. And when an accidental death occurs, the financial impact can stretch far beyond what basic life insurance covers.

The Accidental Death Benefit Rider strengthens your family’s protection by adding up to three times your base coverage if an accident is the cause. In qualifying public or travel situations, the benefit doubles again to give your family even stronger support.

A practical safeguard that protects your family’s future and brings confidence to their present.

Double payout when accidental death occurs in public transport, elevators, or public buildings

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Enhanced Benefit

Add up to 3 times your base policy's sum assured exclusively for accidental death coverage

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Magnified Protection

Increase or decrease sum assured annually to match evolving needs

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Coverage Adjustment

Choose the ROP option and get 100% of your premiums back if no claim is made

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Get Your Premiums Back

Choose from Single, Limited, or Regular Pay based on your life stage

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Payment Flexibility

Choose how your family receives benefits—lump sum, regular income, or a combination of both

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Flexible Benefit Options

Why Choose Generali Central Linked Accidental Death Benefit Rider?

Satish Kumar

Rajneesh Agrawal

Dilip Agnihotri's

Subhra Mukherjee

Goutam Kumar Paul

Vimal Verma

Pravin Khemka

Navin Khemka

Shoni Khan

Phoolchand Jakhad

Balraj Wadhera

Snehlata Wadhwa

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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.