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.
Guaranteed Regular Returns
Receive survival payouts at defined intervals
Guaranteed Additions
Boost your Sum Assured each policy year
Life Cover with Death Benefits
Protect loved ones with assured life cover
The Guarantee is subject to the payment of all due premiums. I UIN: 133N088V05
Why Choose Generali Central Money Back Super Plan (Non-POS Variant)?
An Individual, Non-Linked, Non Participating (without profits), Savings, Life Insurance Plan.
Because life's big moments deserve more than just hope, they need a plan.
Whether you're saving for your child's milestones, planning a family celebration, or simply seeking peace of mind, the Generali Central Money Back Super Plan (Non-POS) helps you stay prepared.
You receive guaranteed payouts at defined intervals to support your goals, and life cover ensures your efforts continue even in your absence. It's a simple, dependable way to save and secure your future.
Maturity Benefit
Receive lump sum and guaranteed additions at term end
Choice of Plan Options
Whether it's family goals or wealth, choose a plan that fits
Flexible Policy Terms
You decide how long to pay and stay protected
Tax Savings
Enjoy tax savings as per current tax laws
Death Benefit
Your family receives a lump sum and bonuses to keep dreams secure
Customizable Policy Terms
Choose your plan type and duration easily
Optional Riders
Enhance your protection with add on covers
How to Buy the Generali Central Money Back Super Plan (Non-POS Variant)?
Getting started with your life insurance plan is easy— just follow these simple steps:
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Step
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Choose Duration
Choose the duration of cover or the policy term as per your need.
Note- The options vary by Sum Assured and amount of Survival Benefit to be paid.
A Roadmap to a Secure Future
Get Expert Advice from Your Trusted Life Insurance Partner!
Have questions? Get help and reliable support from experts at Generali Central Life Insurance.
Tailored Plan Options to Secure Your Future
Choose the plan that fits your life
Option 1
Secure your future. Protect your family with life cover, watch your savings grow, and enjoy a little cash back every year.
Minimum: Entry Age 0 years to 50 years: Rs. 90,000/-
Entry Age 51 years to 62 years: Rs. 3,00,000/-
Maximum: As per Board approved underwriting policy
Platinum: 6
Gold: 8
Silver: 10
Where ‘Annualized Premium’ excludes the applicable taxes, rider premiums and underwriting extra premiums, if any.
Option 2
Your family's protected if something happens, and you get higher annual money back to enjoy life and achieve goals along the way.
Minimum: Entry Age 0 years to 50 years: Rs. 71,250/-
Entry Age 51 years to 62 years: Rs. 2,37,500/-
Maximum: As per Board approved underwriting policy
Platinum: 4.75
Gold: 6
Silver: 6
Where ‘Annualized Premium’ excludes the applicable taxes, rider premiums and underwriting extra premiums, if any.
Offered Across All Plans
Minimum:
Death Benefit Multiple 10- 0 Years
Death Benefit Multiple 7- 0 Years
Death Benefit Multiple 5-50 Years
Maximum:
Death Benefit Multiple 10-60 Years
Death Benefit Multiple 7 - 62 Years
Death Benefit Multiple 5-62 Years
18 - 72 Years
Same as policy term
Regular Pay
10/12/15/20 years depending upon Category as below
Yearly, Half Yearly, Quarterly and Monthly
Minimum:
Age: 0 years - 50 years
₹1,325
Age: 51 - 62 years
₹4,415
Maximum: As per Maximum Sum Assured
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 the applicable taxes, rider premiums and underwriting extra premiums, if any.
3. Age wherever mentioned is age as on last birthday.
Benefits of Generali Central Money Back Super Plan (Non POS)
Here’s how this plan helps you secure your goals and safeguard your loved ones:
A payout made at specified intervals during the policy term, provided the life insured survives those milestones.
As per the chosen category and option you will get Survival Benefits during the policy term, provided all due premiums till date of survival payout are paid and upon survival on the payment due dates which will help you to meet your planned financial milestones. The different categories are:
- Platinum: Get Survival Benefit every year from the end of 6th year till the end of (Policy term minus 1) years.
- Gold: Get Survival Benefit every year from the end of 8th year till the end of (Policy term minus 1) years.
- Silver: Get Survival Benefit every year from the end of 10th year till the end of (Policy Term minus 1) years.
Survival benefits will be a percentage of Sum Assured as described below:
Survival Benefit as a % of Sum Assured
Option 1
Option 2
The payment of Survival Benefit is subject to deduction of any outstanding dues from the Policyholder including but not limited to outstanding Policy loan, loan interest or any other dues and applicable taxes, if any.
Fixed amounts added to your policy at specific intervals, enhancing the overall value of your plan over time.
- The Policy offers simple guaranteed additions for each completed policy year, starting from the end of 8th Policy year till the end of the policy term, subject to payment of all due premiums.
- Guaranteed additions accrue as a percentage of Sum Assured at the end of applicable policy year.
- The Guaranteed Addition rates are based on the age at entry of the life assured, the option chosen, the category chosen, policy term and annualized premium (excluding the applicable taxes, rider premiums, loadings for modal premium and underwriting extra premiums, if any).
- If a policy is converted into a paid-up policy, it will not accrue any future guaranteed additions. The guaranteed additions already accrued, if any, remain attached to the policy.
A lump sum amount payable at the end of the policy term, provided all due premiums have been paid.
- On your survival till the end of the policy term, provided all due premiums have been paid, you will receive Guaranteed Maturity Benefit which is
- Sum Assured on Maturity plus accrued guaranteed additions Where Sum Assured on Maturity is equal to Sum Assured.
- Sum Assured is defined as a multiple of Annualized Premium (excluding the taxes, rider premiums, loadings for modal premium and underwriting extra premiums, if any) depending on the Option and Category chosen.
The multiple for each Category is as below:
Sum Assured as a Multiple of Annualized Premium
Option 1
Option 2
Policy will terminate on payment of maturity benefit.
Ravi’s Example
To clearly understand how the maturity benefit works, let us take a look at Ravi’s story.
Scenario 1: He has opted for Option 1 - Silver category
To clearly understand how the maturity benefit works, let us take a look at Ravi’s story.
Ravi is 30 years old healthy man and has purchased the Generali Central Money Back Super Plan – Option 1. He has opted for Silver category with an annualized premium (excluding the applicable taxes, rider premiums, loadings for modal premium and underwriting extra premiums, if any) of Rs. 50,000. His policy term and premium payment term is 20 years and his Sum Assured on Maturity is Rs. 5,00,000.
He will get survival benefit of Rs. 55,000 every year starting from end of 10th policy year till end of 19th policy year plus guaranteed addition of Rs. 39,859every year will also get accrued in his policy for each completed policy year, starting from end of 8th policy year till end of 20th policy year. The accrued guaranteed additions will be paid along withSum Assured on Maturity on the policy maturity date as explained below:
Scenario 2: He has opted for Option 2 - Silver category
Keeping other conditions same, in case Ravi opts for Option 2, his Sum Assured will be Rs. 3,00,000. He will get survival benefit of Rs. 90,000 every year starting from end of 10th policy year till end of 19th policy year plus guaranteed addition of Rs. 16,140 every year will also get accrued in his policy for each completed policy year, starting from end of 8th policy year till end of 20th policy year. The accrued guaranteed additions will be paid along with Sum Assured on Maturity on the policy maturity date as explained below:
Let’s understand the benefits under all options and categories for a 30 year old healthy individual who opts for a 15 year Policy Term, and pays an annual premium of Rs. 50,000 per year.
A payment made to your nominee in case of your unfortunate demise during the policy term, ensuring your family’s financial protection.
In case of unfortunate demise of the life assured, the death benefit in this plan secures life assured’s family’s financial wellbeing and future. If the policy is in-force and due premium till the date of death have been paid,
The death benefit under all Options and all Categories shall be higher of:
- 105% of total premiums paid as on date of death (excluding the applicable taxes, rider premiums and extra premiums, if collected explicitly) or
- Sum Assured on Death i.e. 10 times of annualized premium (excluding the applicable taxes, rider premiums and underwriting extra premiums, if any) plus Accrued Guaranteed Additions, if any.
Where, Sum Assured on Death is defined as Death Benefit Multiple * Annualized Premium (excluding the applicable taxes, rider premiums and underwriting extra premiums,
if any).
The policy will terminate on payment of Death Benefit.
Ravi’s Example
Ravi, a 30-year-old healthy individual, purchases Generali Central Money Back Super Plan
Scenario 1: He has opted for Option 1 - Silver category
Ravi is 30 years old healthy man and has purchased the Generali Central Money Back Super Plan – Option 1. He has opted for Silver category with an annualized premium (excluding the applicable taxes, rider premiums, loadings for modal premium and underwriting extra premiums, if any) of Rs. 50,000. His policy term and premium payment term is 20 years and his Sum Assured on Maturity is Rs. 5,00,000.
It is assumed that Ravi’s death occurs at the end of 2nd policy year. The benefit payable under Option 1 to Ravi's nominee(s) will be:
Scenario 2: He has opted for Option 2 - Silver category
Similarly in case Ravi opts for Option 2, his Sum Assured will be Rs. 3,00,000. It is assumed that Ravi’s death occurs at the end of 2nd policy year. The benefit payable under Option 2 to Ravi's nominee(s) will be:
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 Money Back Super Plan (Non-POS Variant).
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 on cover, stamp duty charges, and expenses incurred by us on the medical examination of the Life Assured (if any).
Free Look Period Computation for Insurance Repository (IR)
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 insurance 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.
Non Payment of Due Premium
Lapse:
If due premiums for the first (1) policy year has not been paid in full within the grace period, the policy shall lapse and will have no value.
All risk cover ceases while the policy is in lapsed status.
Survival Benefit payable, shall also stop once the policy is in Lapsed status.
The policyholder has the option to revive a lapsed policy within five (5) years from the due date of the first unpaid premium.
In case the policy is not revived during the revival period, no benefit shall be payable at the end of the revival period and the policy stands terminated thereafter.
Paid-Up:
If due premiums for the first (1) or more policy years have been paid in full and any subsequent due premium is not paid within the grace period, the policy will be converted into a reduced paid-up policy.
If a policy is converted into a reduced paid-up policy, Sum Assured on Death, Survival Benefits and Sum Assured on Maturity will be reduced.
A paid-up policy will not be eligible for any Income Loyalty Addition or Maturity Loyalty Addition.
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.
Fraud and Misstatement
Section 45 of the Insurance Act 1938, as amended from time to time, states:
- No policy of Life Insurance shall be called in question on any ground whatsoever after the expiry of 3 years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later.
- A policy of Life Insurance may be called in question at any time within 3 years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the ground of fraud.
For further information, Section 45 of the Insurance Laws (Amendment) Act, 2015 may be referred.
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://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
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 Money Back Super Plan (UIN : 133N088V05)
POS variant of Generali Central Money Back Super Plan is also available which can be applied without any medical examination up to a limited Sum Assured, with waiting period for non accidental death. Please refer to the POS variant product brochure for more details.
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 policy document or consult your advisor 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. 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 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/ . 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
What Our Happy Customers Are Saying
Real stories, real people— hear from those who’ve taken the step of strengthening their financial security with us.
Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
The Non-POS (Point-of-Sale) variant typically allows higher Sum Assured and comes without waiting periods. The POS variant may have limited Sum Assured, waiting periods for non-accidental death, and often doesn't need medical examination.
You can choose between Option 1 and Option 2, depending on whether you want higher survival payouts or higher maturity benefits. These options differ in Sum Assured and the amount of survival benefits payable.
If you survive the policy term (assuming all premiums are paid), you receive the Sum Assured plus any Accrued Guaranteed Additions.
If premiums are not paid within the grace period, the policy may lapse or become Reduced Paid-Up, reducing Death and Maturity Benefits based on premiums paid and accrued additions. Revival may be possible within a specific period.
Yes—premium payments and benefits under this plan are generally eligible for tax deductions and exemptions under applicable sections of the Income Tax Act (e.g., Section 80C and 10(10D)), subject to prevailing laws and regulations. Always consult your tax advisor.