Regular guaranteed income flow right up to age 100

image (30).svg

Immediate income or steady wealth building for future

flexible_life_cover.webp

image (27).svg

Life keeps moving forward through career changes, market ups and downs, and unexpected expenses. Lifetime Partner helps you stay secure by providing consistent income that keeps your family stable through it all.

long_term_income_plan_1x.webp

Generali Central Lifetime Partner Plan

Lifetime Partner Plan logo.svg

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

Get Expert Advice from Your Trusted Life Insurance Partner!

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

Downloads 

product_brochure_1x.webp

Product Brochure

policy_schedule_1x.webp

Policy Schedule

policy_document__1x.webp

Policy Document 

customer_information_sheet__1x.webp

Customer Information Sheet 

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

Generali Central Lifetime Partner Plan combines whole life protection till age 100 with increasing guaranteed income rates (3% to 8%), cash bonuses, and flexible income frequencies.

Yes, you can switch between monthly/quarterly/half-yearly/yearly income anytime from next policy anniversary.

Yes, choose yearly/half-yearly/quarterly/monthly premium frequency. Modal charges apply for non-annual modes.

30-day grace period (15 days for monthly). After first year premiums paid, policy converts to reduced paid-up status.

Yes, up to 85% of surrender value (minimum ₹10,000) once policy acquires surrender value after first year.

Got Questions? We’ve Got Answers!

Understand your policy better with key details and insights into the Generali Central Lifetime Partner Plan. 

Little privileges just for you

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:-

A grace period of 30 days from the premium due date will be allowed for payment of premiums for annual, quarterly and half-yearly premium payment mode and 15 days from the premium due date for monthly premium payment mode. During the grace period, the policy will remain in-force and shall be entitled to receive all the benefits subject to deductions of due premiums.

You can change the frequency at which you receive the Survival Benefits (i.e. Guaranteed Income, if any, plus Annual Cash Bonus, if declared) anytime, during the Policy Term. The revised frequency of Survival Benefit payments shall be applicable on the next policy anniversary.

The Survival Benefit, as a percentage of Annual Survival Benefit, shall be as follows:

The Survival Benefit is paid in arrears, i.e. in case of Monthly frequency, the first payout will be made at the end of month 1, of the respective policy year.

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.

You can change your premium payment frequency, subject to minimum eligibility criteria. Such a change shall be applicable on the Policy Anniversary.

The premiums for various modes, as up to a percentage of the annual premium, are given below:

There shall be no charge made for the change of premium payment mode.

The Company will offer waiver of modal premium loadings for Annualized Premium of Rs. 1 crore and above.

No riders are available under this product.

You may avail a loan, once the policy has acquired a Surrender Value. The maximum amount of loan that can be availed, is up to 85% of the Surrender Value. The minimum amount of policy loan that can be taken is ₹10,000. For more details, please refer to the policy document. The interest rate applicable, for the Financial Year, will be declared at the start of the Financial Year basis current market interest rate on 10-year Government Securities (G-Sec) as on 31st March every year +2% rounded to nearest 1%. The current interest rate applicable on loans is 9% per annum compounded half-yearly for the Financial Year 2024 25. Please contact us or our nearest branch for information on the latest interest rate on loans.

Terms & Conditions

If all 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. Survival benefit payable, if any, shall also stop once the policy is in lapsed status.

All risk cover ceases while the policy is in lapsed status.

The policyholder has the option to revive the policy, within Five 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.

If due premiums for the first one (1) or more policy years have been paid in full and any subsequent 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, it will not be eligible for any future cash bonuses, if declared. Sum Assured on Death, Sum Assured on Maturity and Guaranteed Income will be reduced in proportion to the number of premiums paid to the number of premiums payable under the Policy.





The Paid-up Sum Assured is calculated as follows:

You can revive a Paid-up Policy, within a period of five years, from the due date of first unpaid premium.

You can also surrender your Paid-up Policy anytime, during the Policy Term.

If the Paid up Sum assured (exclusive of Guaranteed Income and Annual Cash Bonus) is less than rupees two thousand five hundred, the Policy may be terminated after expiry of revival period by paying the surrender value.

We encourage you to continue your policy as planned, however, you have the option to surrender the same for immediate cash requirement, in case of an emergency, any time after completion of first policy year provided one (1) full year premium has been received.

 The amount payable on surrender will be (a) The Guaranteed Surrender Value (GSV) or (b) Special Surrender Value (SSV), whichever is higher.

The GSV will be equal to the GSV factor for premium multiplied by the [Total Premium Paid (excluding applicable taxes, rider premiums, underwriting extra premiums, if any)] less sum of survival benefits paid till date.

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. It is calculated as:

Future Annual Cash Bonus x (Contingent Future Annual Cash Bonus)

- Contingent Future Annual Cash Bonus rate may be declared every financial year and will be explicitly applicable, only when a fully paid-up policy is surrendered.

- The Policy terminates on surrender and no further benefits are payable under the policy.

Vesting of the Policy in case of Policies Issued to Minor Lives

The policy vests on the Life Assured on the policy anniversary coinciding with or immediately following the 18th birthday of the Life Assured. In case of death of the Policyholder while the Life Assured is a minor, the surviving parent/ legal guardian may be appointed as a new policyholder. In case the policy is in paid-up status or upon non-payment of future premiums, provisions as mentioned above shall apply.

Nomination shall be in accordance with Section 39 of Insurance Act, 1938 as amended from time to time. 

Assignment shall be in accordance with Section 38 of Insurance Act, 1938 as amended from time to time.

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.

Exclusions

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.

Section 41 of the Insurance Act 1938 as amended from time to time states:

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

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

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.

Disclaimer

This Product is not available for online sale. 

DISCLAIMERS For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the policy document and consult your advisor, or, visit our website (

) before concluding a sale. Tax benefits are 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.

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: 

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. & Corporate Office Address: Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai - 400083

Important Information & Resources

image_24032.webp

Option 1: Immediate Income

Option 2: Deferred Income

Choose Your Income Option

Define Policy Parameters

Fill the Proposal Form

Pay Your Premium

Getting started with your life insurance plan is easy— just follow these simple steps: 

How to Buy the Generali Central Lifetime Partner Plan? 

Generali Central Life Insurance Lifetime Partner Plan is a trusted savings insurance plan. Build long-term savings with life cover and ensure financial security for your loved.

Lifetime Partner Plan in India | Generali Central Life Insurance

FlowChart.webp

MobileFlowChart.webp

Step-by-Step Guide to Secure Your Future

An Individual, Non-Linked, Participating (with profits), Savings, Life Insurance Plan.

Financial security shouldn’t have an expiry date.

As the family provider, you’ve always ensured everyone’s needs are met—your children’s future, your spouse’s comfort, and your own retirement goals. Responsibilities and goals don’t end when your career does, which is why it’s important to focus on creating income that lasts as long as your family needs it.

The Lifetime Partner Plan builds a steady income stream for decades. While other plans stop at retirement, this plan continues until age 100, providing regular payments to support your loved ones through every stage of life.

More than protection, it’s your lasting contribution to your family’s financial strength.

Immediate or deferred 
income flexibility for your 
life goals

wc_1.png

Income Options

Income rate increase from 
3% to 8% as your policy 
matures

wc_2.png

Progressive Growth

Multiple payment options 
like monthly, quarterly, 
half yearly, or yearly

wc_3.png

Payment Flexibilty

Complete protection and 
income benefits till age 
100 

wc_4.png

Lifetime Coverage


wc_5.png

Tax Benefits

30 day money back 
guarantee if the policy 
doesn't meet your 
expectations

wc_6.png

Free Look Period

Why Choose Generali Central Lifetime Partner 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

Branches.svg

6019

Lives Protected.svg

897,635

Assest Management.svg

₹87.84 Bn

Individual Claim Ratio.svg

98.08%

stats_5_1x.webp

99.78%

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