Pay for a few years and enjoy the benefits for a longer term

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A right blend of Insurance protection and ULIP investment  for your goals

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Choose from 9 fund options to match your investment and life  goals

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Build your legacy with a smart plan that helps grow your investments and protects your loved ones. Whether you're saving for your goals or securing your family’s tomorrow, Dhan Vridhi is with you, every step of the way.

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Generali Central Dhan Vridhi

In this policy, the investment risk in the investment portfolio is borne by the policyholder. The linked insurance plans do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance plans completely or partially until the end of the fifth year.

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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 

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Product Brochure

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Policy Schedule

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Policy Document 

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Customer Information Sheet 

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

ULIPs offer life insurance protection plus investment, tax benefits under Section 123 read with Schedule XV and Schedule II (Table S.No.2), and flexibility to switch between funds based on market conditions.

Premium allocation charges (reducing over years), policy admin charges (max ₹500/month), mortality charges, fund management charges (0.50-1.35% annually), and discontinuance charges if applicable.

After deducting charges, remaining premium buys units at current NAV. You receive units in chosen funds proportionate to your allocation.

NAV calculated daily = (Market value of investments + current assets - liabilities) ÷ number of units existing.

9 different fund options allow you to create diversified portfolios. Switch between debt and equity based on market cycles.

Got Questions? We’ve Got Answers!

Understand your policy better with key details and insights into the Generali Central Dhan Vridhi Plan. 

Little privileges just for you

This rider provides 100% of Rider Sum Assured as an additional coverage in case of death due to accident of Life Assured during the rider term and such unforeseen event shall occur within a period of 180 days of the accident.

This rider provides 100% of Rider Sum Assured as an additional protection in case of total or permanent disability due to accident of Life Assured, to such an extent that the Life Assured cannot perform 3 out of 6 daily life activities without continuous assistance from another person during the rider term. The Life Assured has to deemed disable by a suitable medical practitioner (appointed by the company) and the disability should persist continuously for a period of 180 days.

This rider provides 100% of Rider Sum Assured as an additional coverage in case of death of Life Assured during the rider term.

This rider provides financial support on diagnosis of any covered critical illness during the rider term, helping the Life Assured manage treatment and recovery without financial stress. The Rider Sum Assured is payable if the Life Assured is diagnosed with one of the specified critical illnesses and survives for 30 days after such diagnosis. The rider offers three coverage options—10, 30, or 60 critical illnesses—allowing flexibility based on protection needs. The benefit can be received as a lump sum, regular income for a chosen period (2 to 10 years), or a combination of both.

For further information on these riders including risk factors, exclusions, terms and conditions etc., please refer the rider/s brochures available on the website at 

Policyholder has the option to cancel the policy within 30 days of receipt of the Policy Document (whether received electronically or otherwise) if the policyholder disagrees with any of the policy terms and conditions, or otherwise and has not made any claim, by giving a request for cancellation of the policy stating the reasons for such objections

On cancellation of the policy after such request, the Fund Value as on the date of cancellation of the Policy plus non allocated premium, if any plus charges levied by cancellation of units minus (Stamp duty + medical expenses, if any, + proportionate risk premium for the period on cover) minus extra allocation, if any added to the Policy will be payable to the Policyholder.

If the Policy is opted through Insurance Repository (IR), the computation of the said Free Look Period will be as stated below:

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.

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 elnsurance Account(e IA) or the delivery date of the email confirming the grant of access to the elA or the delivery date of the email confirming the credit of the Insurance Policy by the IR to the elA, whichever is later shall be reckoned for the purpose of computation of the Free Look Period.

Grace period means the time granted by the insurer from the due date of payment of premium, without any penalty or late fee, during which time the policy is considered to be in force with the risk cover without out 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 days, where the policyholder pays the premium on a monthly basis and 30 days in all other cases.

Lock in Period means the period of 5 consecutive completed years from the date of policy commencement date, during which the proceeds of discontinued policy cannot be paid by the insurer to the insured / policy holder except in case of death or upon any contingency covered under the policy.

Revival Period means the period of three consecutive complete years from the Date of first unpaid premium.

"Discontinuance" means the state of a policy that could arise on account of surrender of the policy or non payment of the premium due before the expiry of the grace period.

Provided that no policy shall be treated as discontinued on non payment of the said premium if, within the grace period, the premium has not been paid due to the death of the insured or upon the happening of any other contingency covered under the policy. 

Policy Discontinuance Within Lock-in Period

- In case the policyholder opts to revive but does not revive the policy during the revival period, the proceeds of the discontinued policy fund shall be paid to the policyholder at the end of the revival period or lock-in period whichever is later. In respect of revival period ending after lock-in period, the policy will remain in discontinuance fund till the end of revival period. The Fund management charges of discontinued fund will be applicable during this period and no other charges will be applied.

- In case the policyholder does not exercise the option as set out above, the policy shall continue without any risk cover and rider cover, if any, and the policy fund shall remain invested in the discontinuance fund. At the end of the lock-in period, the proceeds of the discontinuance fund shall be paid to the policyholder and the policy shall terminate.

- However, the policyholder has an option to surrender the policy anytime and proceeds of the discontinued policy shall be payable at the end of lock-in period or date of surrender whichever is later.

"Proceeds of the discontinued policies means the fund value as on the date the policy was discontinued, after addition of interest computed at the interest rate stipulated under the section 'Discontinued Policy Fund'. 

In case of death of the Life Assured while the policy is in the Discontinuance Policy Fund, the lock-in period shall not be applicable and the proceeds under the Discontinuance Policy Fund shall be payable immediately to Nominee or Legal heirs as applicable.

If the fund value under the policy, subject to Discontinuance Charge (if any) is moved into the Discontinued Policy Fund no further charges except Fund management charge of 0.50% per annum will be levied on the Discontinued Policy Fund. The Discontinued Policy Fund would earn a minimum guaranteed interest as prescribed by IRDAI from time to time. The current minimum guaranteed interest rate applicable to the discontinued fund is 4% per annum. The excess income earned in the Discontinued Policy Fund over and above the minimum guaranteed interest rate will also be fully apportioned to the Discontinued Policy Fund in arriving at the proceeds of the discontinued policies and shall not be made available to the shareholders.

The details of the Discontinued Policy Fund is given below:

Discontinued Policy Fund (SFIN: ULIF013011111FUTDISCONT133)

The investment objective of this fund is to provide return, subject to minimum guaranteed interest, as prescribed by IRDAI from time to time.

The fund will be allocated as per the following asset allocation 
Money Market instruments: 0% to 40% 
Government Securities: 60% to 100%

Investment strategy: Low Risk Investment 
Risk Profile: Low Risk 
The fund management charge for the discontinued policy fund will be 0.5% per annum

Policy Discontinuance After Lock-in Period

- To revive the policy within the revival period of three years, or

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Under a paid up policy, the policy administration charge, fund management charge will be deducted. Mortality charge will be deducted with respect to Sum at Risk considering paid up sum assured.

If the death occurs during the policy term, death benefit considering the paid up sum assured will be paid.. That is death claims will be settled on original terms and conditions replacing the sum assured by Paid up sum assured . At maturity or surrender during the policy term, fund value will be payable

Revival Period means the period of three consecutive complete years from the date of first unpaid premium.

Revival of a discontinued policy during the lock-in period

A Policy that has become Discontinued during lock-in period may be revived during the Revival Period of 3 years from the date of first unpaid premium by giving a written notice to revive the Policy, provided that:

Revival of a discontinued policy after lock-in period

A Policy that has become Discontinued after lock-in period may be revived during the Revival Period of 3 years from the date of first unpaid premium by giving a written notice to revive the Policy, provided that:

- Shall be restricted up to 50% of the original Annualized Premium as paid during the inception of the policy

- Is subject to minimum premium conditions as defined under the plan

- Shall not be allowed when the policy is in discontinuance status i.e. decrease in premium is allowed only when all due premiums have been paid

- Shall be applicable only on policy anniversary

Policy can be surrendered any time during the policy term. The Surrender Value will be the Fund Value less Discontinuance charge, if any, as mentioned below.

Surrender before completion of 5 policy years

If policy is surrendered before the completion of lock in period of 5 policy years from the policy commencement date, the surrender value equal to fund value less applicable discontinuance charge will be kept in Discontinued Policy Fund & no subsequent charges other than fund management charges for discontinued policy fund will be deducted The surrender value will accrue a minimum guaranteed return as specified by IRDAI, from time to time. Such accumulated surrender value will be paid immediately after the lock in period. In case of death of the life assured during this period, the proceeds will be payable to the nominee / legal heirs as applicable.

Surrender after completion of 5 policy years

If the policy is surrendered after the lock-in period, then the Surrender Value is the Fund Value at the prevailing NAV. It becomes payable immediately

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. Upon such vesting, the Policy will be deemed to be a contract between the Life Assured (also the policyholder there forth) as the owner of the policy and the Company. The erstwhile policyholder or his estate shall cease to have any right or interest therein.

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 of discontinuance of the policy and paid up clause shall apply.

Nomination and Assignment as per Sec 39 and Sec 38 of the Insurance Act, 1938, as amended from time to time, shall be allowed under the plan.

A unit in each fund has its own price called the Net Asset Value (NAV). The NAV of each segregated fund is calculated on daily basis with the following formula: 

Market value of investments held by the fund plus the value of any current assets less the value of any current liabilities less provisions, if any divided by the number of units existing at the valuation date (before creation /redemption of units.

In case the valuation day falls on a holiday, then the exercise will be done the following working day

In respect of premiums received up to 3.00 p.m. business day (or such other time as IRDAI may direct in the future) under a local cheque or a demand draft payable at par or by way of cash, the closing NAV of the day on which the premium is received shall be applicable. In respect of premiums received after 3.00 p.m., the closing NAV of the next business day shall be applicable.

In respect of premiums received under outstation cheques/demand drafts, the closing NAV of the day on which the cheques/demand draft is realized shall be applicable.

All valid requests e.g. switch, surrender or maturity claim etc. received up to 3.00 p.m. business day (or such other time as IRDAI may direct in the future) will be processed at the closing NAV of the day on which the request is received. All such requests received after 3:00 p.m. (or such other time as IRDAI may direct in the future) will be processed at the closing NAV of the next business day.

Premium(s) paid are eligible for tax benefit as may be available under the provisions of Section 123 read with Schedule XV and Schedule II (Table S.No.2) as applicable. Please consult your tax advisor for the same

Charges

The Premium Allocation Charge will be deducted from the premium amount at the time of premium payment and the remaining premium will be used to purchase units in various investment funds according to specified fund allocation.

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These charges are determined using 1/12th of the annual charges given above and are deducted from the unit account monthly at the beginning of each monthly anniversary of the policy by cancellation of units for equivalent amount till the end of the Policy Term. The Policy Administration Charge is subject to a maximum of Rs. 500 per month.

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FMC (Fund Management Charge) will be charged at the time of computation of the NAV, which will be done on a daily basis. This will be charged as a percentage of the value of the assets and will be adjusted towards the NAV.

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Twelve free switches are allowed each policy year. Subsequent switches will attract a charge of ₹100 per switch. This charge is levied at the time of affecting the switch and will be deducted from the unit account by cancellation of units. The switching charge is subject to increase up to ₹500 per switch.

This shall be levied at the beginning of each policy month from the fund. Below mentioned are the sample mortality charges for various ages for 1,000/- of sum at risk. Mortality Charges are deducted on sum at risk which is calculated as higher of Sum Assured less Deductible Partial Withdrawal, 105% of the total premium paid till that date less deductible partial withdrawal reduced by Fund Value under the policy.

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This charge is levied where the policy holder opts not to pay premiums under the policy. In case of discontinuance of the policy during the first 4 years, the following charge is applicable:

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After 6 free partial withdrawals in a policy year, a charge levied at the time of affecting the partial withdrawal is of ₹200 per withdrawal. 

This charge is levied for any alterations within the insurance contract, such as premium redirection. The charge is expressed as a flat amount levied by cancellation of units. This charge is levied only at the time of alteration and is equal to ₹250 per alteration.

Above charges are subject to applicable tax, if any, as fixed by the Government from time to time. Currently tax is applicable on all the charges deducted under the policy. However, the same may be changed as prescribed by the Government of India from time to time.

Exclusions

No benefit will be payable in respect of any condition arising directly or indirectly through or in consequence of the following exclusions and restrictions

In case of death of life assured due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable, the nominee or the beneficiary of the policyholder shall be entitled to fund value, as available on the date of intimation of death.

Further, any charges other than Fund Management Charges (FMC) and Guarantee Charges recovered subsequent to the date of death shall be added back to the fund value as on the date of intimation of death.

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

Generali Central Dhan Vridhi Plan ( UIN : 133L050V04)

Important Information & Resources

Note

- The above mentioned benefits are subject to policy being in force. The minimum and maximum criteria of Sum Assured, Policy Term and Premium Payment Term are mentioned under the eligibility conditions below (Life Insurance Plan Summed Up).

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Decide Policy &  Payment Term

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Select Optional Riders

Choose Investment Funds

Fill the Proposal Form

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

How to Buy the Generali Central Dhan Vridhi Plan? 

Grow your wealth with the Dhan Vridhi plan. This ULIP investment plan offers flexible life insurance coverage to help you achieve your financial milestones.

Buy Generali Central Dhan Vridhi Life Insurance Plan | ULIP Plan

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Step-by-Step Guide to Secure Your Future

An Individual, Non Participating (without profits), Unit 
linked, Life Insurance plan.

You work hard to give your loved ones a secure and happy future.

The Generali Central Dhan Vridhi Plan helps you grow your money while protecting the people who matter most. It gives you the flexibility to make changes or withdraw funds when you need them, so your dreams stay on track.

Whether it is your child’s education, your retirement, or a well-earned break, this plan gives you peace of mind that your goals are on track. And with life cover as an integral part of the plan, your family stays protected always.

Get 2% added to your fund 
value every year from the 
6th policy year

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Guaranteed Additions

Move your money between 
funds anytime based on 
your goals

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Smart Fund Switches

Access funds after 5 years 
for life's urgent needs

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Partial Withdrawals

Select from 9 expert-managed funds based on your risk appetite

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Choice of 9 Fund 
Options

Boost your cover with add-ons for accidents, illness, 
and more

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Add Riders for Extra 
Safety

Save on premiums and payouts under applicable tax laws

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Tax Benefits

Get your fund value at maturity and achieve your life goals

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Lump Sum at Maturity

Why Choose Generali Central Dhan Vridhi Plan?

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

Assest Management.svg

₹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.