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.
Additional Coverage
Enhance your existing policy with extra sum assured
Return of Premium Option
Get your premiums back at maturity with ROP
Flexible Payout Choices
Receive benefits as lump sum, income, or both
Why Choose Generali Central Linked Term Rider?
A Non-Par, Linked, Life, Individual, Pure risk (or Savings in case of ROP option) Rider.
Every life stage brings new responsibilities. Career changes, home loans, growing families—all demand greater financial protection. But buying several separate policies can drain time and money. This rider solves that challenge.
Generali Central Linked Term Rider lets you enhance your existing coverage at a fraction of the cost, without the complexity of separate policies. Whether facing bigger commitments or seeking extra security, this rider adapts as your needs evolve.
Because securing your family's future should be simple, not stressful.
Enhanced Protection
Add substantial life cover to your base policy at affordable premiums
Get Your Premiums Back
Choose the ROP option and get 100% of your premiums back if no claim is made
Payment Flexibility
Choose from Single, Limited, or Regular Pay based on your life stage
Easy to Add
Attach to your existing policy without separate medical exams or documentation
Flexible Benefit Options
Choose how your family receives benefits—lump sum, regular income, or a combination of both
Built on Trust
Backed by Generali's 190+ years of global insurance expertise and Central Bank of India's heritage
Step-by-Step Guide to Secure Your Future
Get Expert Advice from Your Trusted Life Insurance Partner!
Have questions? Get help and reliable support from experts at Generali Central Life Insurance.
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
Everything you need to understand your policy, plan your future, and make informed decisions at your convenience.
Important Information & Resources
Understand your policy better with key details and insights into the Generali Central Linked Term Rider.
Premium payment mode
Premium can be paid in Single premium, Yearly, Half-yearly, Quarterly or Monthly modes which shall be same as the base policy.
Return of Premium (ROP) option
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. This option can be chosen only at inception and cannot be changed thereafter.
Grace Period
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.
Lapse
i. For Regular / Limited Pay:
(a) If all due 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 from the due date of first unpaid premium.
(d) For without ROP Regular Pay Option, 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.
(e) For without ROP Limited Option, in case the rider is not revived during the revival period, Policy Cancellation Value shall be payable at the end of the revival period or Maturity Date, whichever is earlier, and the policy will terminate thereafter.
ii. For Single Pay:
Not Applicable
Suicide Exclusion
In case death of life insured due to suicide within one year from the date of commencement of risk under the policy, at least 80% of the total premiums paid till the date of death shall be payable. In case of suicide within one year from the date of revival, where revival is done within 6 months from the date of first unpaid premium, Suicide Exclusion shall not be applicable and the death benefit under the rider shall be payable. However, in case of suicide within one year from the date of revival, where revival is done after 6 months from the date of first unpaid premium, the benefit payable shall be higher of 80% of total Premiums Paid till the date of death of Surrender Value (if any) at the date of death provided the rider cover is still in force.
Other Exclusions
The Company shall not be under any obligation to provide cover and we shall be liable to pay any claim or provide any benefit here under to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the insurer to any sanction, prohibition or restriction under OFAC, United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United States of America or as directed by the Government of India, from Time to time.
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.
Generali Central Linked Term Rider
UIN: 133A059V01
- This Rider is 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.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.
- 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 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.
Email - care@generalicentral.com
Call us at - 1800 102 2355
Website: www.generalicentrallife.com
UIN: 133A059V01
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.
What Our Happy Customers Are Saying
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Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
A Linked Term Rider is a supplementary benefit that you add to your existing life insurance policy. It provides additional life cover for a specific period without requiring you to purchase a separate standalone policy. It's cost-effective and enhances your family's financial protection.
Anyone between 18 to 65 years of age who has an existing Generali Central life insurance policy can purchase this rider, subject to underwriting approval. The rider must align with the base policy term and premium payment term.
With the ROP option, if no rider claim is made during the rider term, you receive 100% of the total premiums paid (excluding extra premiums and taxes) at maturity. This makes the rider a savings-plus-protection product. The ROP option can only be chosen at inception and cannot be changed later.
The rider cannot exist independently. If the base policy lapses, surrenders, or becomes paid-up, the rider will also lapse, surrender, or become paid-up accordingly.
No, this is a rider product that must be attached to an existing Generali Central life insurance policy. It cannot be purchased as a standalone policy.