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.
One-Time Premium
Pay once, stay covered for the entire term
Guaranteed Maturity Benefit
Assured lump sum at policy end
Life Cover Protection
Financial security for your loved ones
Generali Central Single Premium Anchor Plan is an Individual, Non-Linked, Non-Participating (without profits), Savings and Life Insurance Plan. | UIN: 133N101V02
Why Choose Generali Central Single Premium Anchor Plan?
An Individual, Non-Linked, Non-Participating (without profits), Savings and Life Insurance Plan.
When life is busy with responsibilities, it helps to have a plan that keeps things simple. With the Generali Central Single Premium Anchor Plan, you pay once and enjoy both protection and guaranteed returns. It is designed for people who want certainty in their savings without the stress of multiple payments or complicated commitments.
This plan gives you the confidence that your savings will grow steadily while your family remains protected.
Because sometimes, the simplest choices bring the strongest results.
Flexible Term Choices
Choose from available policy terms to match your personal goals and investment horizon
Guaranteed Maturity Value
Receive a fixed lump sum at the end of the policy, so you can plan your future with certainty
Liquidity Support
Access funds when you need them through a loan facility available after a minimum period
Simple and Hassle-Free
Pay once, stay covered, and avoid the stress of remembering multiple payments
Tax Benefits
Save on taxes under Sections 80C and 10(10D), as per prevailing tax laws
How to Buy the Generali Central Single Premium Anchor Plan?
Getting started with your life insurance plan is easy— just follow these simple steps:
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Step
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Choose Plan
Choose which Plan Option works the best for you in this single premium policy.
Option 1 – Endowment Plan
This is a standard endowment plan with lumpsum benefits paid at the end of the Policy term
Option 2 – Income Option Plan
This is an endowment plan that pays Annual Survival Benefits with a choice of Payout Options, along with lumpsum benefit paid at the end of the Policy term
If the Life Assured unfortunately dies during the term of the plan, a lump sum is paid to his/her nominee under both the options. Important: Choose wisely because the option chosen at inception cannot be changed during the term of the policy.
A Roadmap to a Secure Future
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Tailored Plan Options to Secure Your Future
Choose the plan that fits your life goals.
Option 1 : Wealth Option
A single-pay endowment plan that helps you build wealth over time by providing a guaranteed lump sum benefit at the end of the policy term.
8 years to 65 years (As on last Birthday)
18 years to 95 years (As on last Birthday)
10/15/20/25/30 years
Minumum: Rs. 25,000
Maximum: No Limit (As per Board Approved Underwriting Policy)
Option 2 : Income Option
An endowment plan that offers regular annual income through survival benefits during the policy term, along with a lump sum payout at maturity.
0 years to 65 years (As on last Birthday)
25 years to 90 years (As on last Birthday)
25/30/35/40 years
Minumum: Rs. 1,00,000
Maximum: No Limit (As per Board Approved Underwriting Policy)
Offered Across All Plans
Single Pay
Single
Sum Assured under this product is the Single Premium paid.
Where,
"Single Premium" means the total premium paid at the outset, excluding any taxes, rider premiums, and underwriting extra premiums.
1. For minors, the date of issuance of Policy and Date of Commencement of risk shall be the same.
2. Premiums mentioned above are excluding applicable taxes, rider premiums and any extra premium paid as a part of underwriting requirements, if any.
3. Age wherever mentioned is age as on last birthday.
Benefits Under This Plan
Here’s what we offer with this life insurance plan –
You will get the survival benefit if you choose Option 2: Income Option in the Generali Central Single Premium Anchor Plan.
This benefit will be paid till the end of the Policy Term as per the Payout Option and Survival Benefit Payout Frequency chosen.
The plan offers three Payout Options to choose from:
- Immediate Income: The Survival Benefits start immediately and are paid annually in arrears till the end of the Policy Term.
- Deferment Period 5: The Survival Benefits start after 5 years from the inception of the policy and are paid annually in arrears till the end of the Policy Term.
- Deferment Period 10: The Survival Benefits start after 10 years from the inception of the policy and are paid annually in arrears till the end of the Policy Term.
Note:
- Once you choose the Payout Option, you cannot change it during the term of the policy.
- The Annual Survival Benefit = Survival Benefit Rates per annum * Single Premium (excluding any taxes, rider premiums, and underwriting extra premiums).
- The per annum Survival Benefit Rates are based on the Entry Age of Life Assured, Policy Term, Payout Option and Premium band.
- You can opt to receive Survival Benefit in half-yearly, quarterly or monthly frequency instead of annually.
You can easily change the frequency to receive Survival Benefit anytime during the Policy Term. The revised frequency of Survival Benefit payments shall be applicable on policy anniversary.
Option 1: Wealth Option
- Sum Assured on Maturity = Maturity of Multiple factors * Single Premium paid (excluding any taxes, rider premiums, and underwriting extra premiums)
- The Maturity Multiple factor is based on the Entry Age of Life Assured, Policy Term, and Premium band.
Option 2: Income Option
- Sum Assured on Maturity = Sum Assured Sum Assured under this option is the Single Premium paid(excluding any taxes, rider premiums, and underwriting extra premiums).
- The policy will terminate on payment of Maturity Benefit under both Plan Options.
Rohan’s Example
To clearly understand how Maturity benefit works in this case, let us look at Rohan’s story
Scenario 1: Wealth Option
Rohan, a 35 year old healthy man purchased the Generali Central Single Premium Anchor Plan with Option 1: Wealth Option. He paid a single premium of Rs. 2,00,000 (excluding applicable taxes, rider premiums, loadings for modal premium and underwriting extra premiums, if any) for a Policy Term of 20 years.
Rohan’s Sum Assured will be Rs. 2,00,000 & he will receive a Maturity benefit of Rs. 6,44,666 at the end of policy term.
Scenario 2: Income Option with Immediate Income
Rohan, a 35 year old healthy man purchased the Generali Central Single Premium Anchor Plan with Option 2: Income Option with Immediate Income He paid a single premium of Rs. 2,00,000 (excluding applicable taxes, rider premiums, loadings for modal premium and underwriting extra premiums, if any) for a Policy Term of 40 years and Yearly Survival Benefit payout frequency.
His Sum Assured will be Rs. 2,00,000 and he will receive a Survival Benefit of Rs 10,829 per annum.
The Policy will terminate on payment of Maturity Benefit.
Keeping all the parameters like age (35 years), Policy Term (40 years) and Premium Amount (Rs 2,00,000) same, Rohan will get the following benefits if he chooses different Payout Options under Option 2: Income Option in Generali Central Single Premium Anchor Plan.
In case of unfortunate demise of the Life Assured during the Policy Term of the Plan, the Death Benefit secures the financial well-being of the family. For both Plan Options, the Death benefit payable shall be higher of:
- Sum Assured on Death
- Surrender Value as on date of death
Where,
The Sum Assured on Death is defined as 1.25 times the Single Premium paid (excluding the taxes, rider premiums and underwriting extra premiums, if any). On the death of the Life Assured during the policy term, the Death Benefit will be paid immediately (irrespective of any survival benefits paid earlier under Option 2: Income Option) and the policy shall be terminated.
Rohan’s Example
Rohan, a 35-year-old healthy individual, purchases Generali Central Single Premium Anchor Plan
Scenario 1: Wealth Option
Rohan, a 35 year old healthy man purchased Generali Central Single Premium Anchor Plan- Option 1: Wealth option. He paid a Single Premium of Rs 2,00,000 (excluding applicable taxes, rider premiums, loadings for modal premium, and underwriting extra premiums, if any) for a Policy Term of 20 years.
His Sum Assured will be Rs. 2,00,000
If Rohan dies in the 5th policy year, the benefit payable under Option 1: Wealth Option to Rohan’s nominee(s) will be:
The Policy Will Terminate on Payment of Death Benefit
Scenario 2: Income Option with Immediate Income
Rohan, a 35 year old healthy man purchased Generali Central Single Premium Anchor Plan- Option 2: Income Option with Immediate Income and paid a Single Premium of Rs. 2,00,000 (excluding applicable taxes, rider premiums, loadings for modal premium, and underwriting extra premiums, if any) for a Policy Term of 40 years and Yearly Survival Benefit payout frequency.
His Sum Assured will be Rs. 2,00,000 and his Survival Benefit amount will be Rs. 10,829 per annum.
If Rohan unfortunately dies in the 5th policy year. The benefit payable under Option 2: Income Option to Rohan’s nominee(s) will be:
The Policy Will Terminate on Payment of Death Benefit
Our Promise is Reflected in the Lives We've Touched
We bring experience, stability, and a proven approach to supporting your family and financial goals.
6019Our and Partners Branches
897,635Lives Protected
Since Inception
₹87.84 Bnof Assets Under Management
98.08%Individual Claim Settlement Ratio
FY 24-25
99.78%Group Claim Settlement Ratio
FY 24-25Data as on 31st March, 2025
Downloads
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Important Information & Resources
Understand your policy better with key details and insights into the Generali Central Single Premium Anchor Plan
Free Look Period
If you disagree with the terms and conditions of the policy, you can return the policy within 30 days of receipt of the Policy Document (whether received electronically or otherwise). To cancel the policy, you can send us a request for cancellation along with the reason for cancellation. We will cancel this policy if you have not made any claims and refund the Instalment Premium received after deducting proportionate risk premium for the period of cover, stamp duty charges and expenses incurred by us on the medical examination of the Life Assured (if any).
If the Policy is opted through Insurance Repository (IR), the computation of the said Free Look Period will be as stated below:-
- For existing e-Insurance Account: Computation of the said Free Look Period will commence from the date of delivery of the e-mail confirming the credit of the Insurance Policy by the IR.
- For New e-Insurance Account: If an application for e-Insurance Account accompanies the proposal for insurance, the date of receipt of the ‘welcome kit’ from the IR with the credentials to log on to the eInsurance Account (eIA) or the delivery date of the email confirming the grant of access to the eIA or the delivery date of the email confirming the credit of the Insurance Policy by the IR to the eIA, whichever is later shall be reckoned for the purpose of computation of the Free Look Period.
Lapse
Not Applicable as it is a single premium product.
Paid up
Not Applicable as it is a single premium product.
Revival
Not Applicable as it is a single premium product.
Suicide exclusion
In case of death of Life Assured 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 policyholder shall be entitled to at least 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.
Prohibition on rebates
Section 41 of the Insurance Act 1938 as amended from time to time states:
- No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.
- Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakh rupees.
Grievance Redressal Processes
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:
- Calling the Customer helpline number 1800-102-2355 for assistance and guidance
- Emailing at care@generalicentral.com
- You may also visit us at the nearest Branch Office. Branch locator - https://www.generalicentrallife.com/branch-locator
- Senior citizens may write to us at the following ID: senior.citizens@generalicentral.com for priority assistance
- You may write to us at: Customer Services Department- 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
We will provide a resolution at the earliest. For further details please access the link: https://www.generalicentrallife.com/customer-service/grievance-redressal-procedure
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.
This Product is not available for online sale.
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. You are advised to consult your tax consultant.
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.
Life Coverage is included in this Product. 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: https://www.generalicentrallife.com/customer-service/grievance-redressal-procedure.
Generali Group’s and Central Bank of India’s liability is restricted to the extent of their shareholding in Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited (Formerly known as ‘Future Generali India Life Insurance Company Limited’) (IRDAI Regn. No.: 133) (CIN: U66010MH2006PLC165288). Regd. Office & Corporate Office address: Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai - 400083 |
Email: care@generalicentral.com
Call us at 1800-102-2355
Website: https://www.generalicentrallife.com
UIN: 133N101V02
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Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
This plan is well-suited for anyone who prefers making a one-time investment instead of paying premiums regularly. It works best for those who want guaranteed returns along with life cover, while keeping the process simple and stress-free.
When the policy term ends, you receive the guaranteed maturity benefit along with the assured additions. This lump sum can help you meet planned goals such as children’s education, retirement needs, or other financial commitments.
The plan provides life insurance protection throughout the policy term. In case of the unfortunate death of the life assured, the nominee will receive the higher of the guaranteed sum assured or the applicable guaranteed value, ensuring your family remains financially secure.
Yes. After a minimum lock-in period, you can take a loan against your policy. This allows you to access funds in times of need without disturbing your long-term savings.
If you need to surrender the plan, you will receive the surrender value as specified in the policy terms. While this provides flexibility, staying invested for the full term helps you make the most of the guaranteed benefits.