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.
Get More with Every Premium
Enjoy 1%–7% extra on each payment
No Hidden Deductions
Zero admin and allocation charges apply
Long Term Income
Get assured income for up to 50 years
Total annualized premiums (excluding applicable taxes) will be paid as Survival benefits and Maturity benefit, starting from 6th policy year, payable on survival till maturity. 'Guarantee is subject to payment of all due premiums. 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. | UIN: 133L081V03. An Individual, Non-Linked, Non- Participating (without profits), Savings, Life Insurance Plan. UIN: 133L081V03
Why Choose Generali Central Big Dreams Plan?
This is an Individual, Non Participating (without profits), Unit linked, Life Insurance plan.
Every big dream begins with a goal, whether it is giving your child the best opportunities, enjoying a peaceful retirement, or ensuring your family stays protected no matter what. But turning those dreams into reality takes more than saving. It takes a plan that grows with you and stands by you.
The Generali Central Big Dreams Plan does exactly that.
It lets you invest toward your goals while safeguarding what matters most, your loved ones. With built-in life cover and rewards that recognize your commitment, it supports you at every stage of life.
Because when your dreams are big, your plan should be bigger.
Flexible Plan Options
Choose from 3 goal-based investment options
Easy Monthly Withdrawals
Get monthly payouts after the premium term ends
Flexible Fund Switch
Switch between funds freely at no extra cost
Tax Benefits
Enjoy tax benefits under current tax laws
Add Extra Safety
Optional riders for accident and disability cover
Lock-in Period
No withdrawals allowed for the first 5 years
How Can You Buy the Generali Central Big Dreams Plan?
Getting started with your life insurance plan is easy— just follow these simple steps:
Step
Step
Step
Step
Step
Select Your Plan
Option 1 : Wealth Creation
Save for a milestone like a house, business, or education. After your premium term, use your savings for regular income through partial withdrawals.
Option 2 : Retire Smart
Build a retirement corpus and start monthly income anytime after your premium term ends. Tax benefits as per laws.
Option 3 : Dream Protect
Secure your family’s future, even in your absence. In the event of life’s uncertainties, your loved ones will receive a lump sum, regular income, and maturity benefits—without the burden of future premiums.
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 policy option that fits your life goals.
Option 1: Wealth Creation
Big dreams deserve a strong financial start. With this plan, you can stay focused, grow your wealth, and turn your goals into steady monthly income.
Regular Pay
0 to 55 years = 10 times * Annualized Premium,
56 to 65 years = 5 & 7 times * Annualized Premium
Limited Pay
0 to 55 years = 10 times * Annualized Premium,
56 to 65 years = 5 & 7 times * Annualized Premium
Single Pay
0 to 55 years = 1.25 times * Single Premium,
56 to 65 years = 1.10 times * Single Premium.
0- 65 Years
18 - 85 years
Single Pay, Monthly, Quarterly, Half Yearly, Yearly
Regular Pay: Equal To Policy Term Limited Pay: 5 to 19 years Single Pay: One Time Premium Payment
5 - 20 Years
Premium Amount
Minimum Premium( in Rs)
Option 2: Retire Smart
Retirement shouldn't feel uncertain. Build your comfort fund now, so later you can sit back, breathe easy, and enjoy a steady income without any stress.
Regular Pay
NA
Limited Pay
18 to 55 years = 10 times * Annualized Premium,
56 to 65 years = 5 & 7 times * Annualized Premium
Single Pay
NA
18 - 65 Years
100 years
Yearly, Half Yearly, Quarterly, Monthly
Regular Pay: NA Limited Pay: 10 years to 30 years Single Pay: NA
100 – Age at entry ( 35 to 82 years)
Premium Amount
Minimum Premium( in Rs)
Option 3: Dream Protect
Life is uncertain, but your family’s dreams should never be. This plan ensures their financial security, even in your absence.
Regular Pay
18-45 years = 10 times * Annualized Premium
Limited Pay
NA
Single Pay
NA
18 - 45 Years
23 - 65 years
Yearly, Half Yearly, Quarterly, Monthly
Regular Pay: Equal To Policy Term Limited Pay: NA Single Pay: NA
5 - 20 Years
Premium Amount
Minimum Premium( in Rs)
Benefits of Generali Central Big Dreams Plan
Here’s how this plan helps you secure your goals and safeguard your loved ones:
A lump sum amount payable at the end of the policy term, provided all due premiums have been paid.
For Option 1: Wealth Creation and Option 2: Retire Smart:
- On policy maturity (end of policy term), you will receive your Fund Value.
For Option 3: Dream Protect:
- On policy maturity (end of policy term), you will receive your Fund Value.
- Even in case of the death of the Life Assured, you will receive your Fund Value on policy maturity (end of policy term).
Ankit’s Example
To clearly understand how maturity benefit works, let us take a look at Ankit’s story.
Ankit is 35 years old and has chosen to invest in Option 1: Wealth Creation of the Generali Central Big Dreams Plan, with a Policy Term of 10 years, an annual premium of Rs. 1,00,000 for 10 years, His Death Benefit Multiple is 10 times and a Sum Assured (cover amount) of Rs. 10,00,000.
For the purpose of illustration, we have assumed 8% p.a and 4% p.a as the higher and lower values of investment returns. These rates are not guaranteed, and they are not the upper or lower limits of returns of the Funds selected in your policy, as the performance of funds depends on several factors including future investment performance. These rates in no way signify our expectations of future returns and the actual returns may be higher or lower.
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 your unfortunate demise, the Death Benefit in this plan secures your family’s financial well-being and future. The Death Benefit varies as per the plan option you choose:
For Option 1: Wealth Creation and Option 2: Retire Smart:
The Death Benefit payable to the nominee shall be the higher of:
- Sum Assured less deductible partial withdrawals, if any, OR
- Fund Value under the policy, OR
- 105% of the total premiums paid (including top-up premiums paid, if any) till the date of death less deductible partial withdrawals, if any.
Death Benefit Multiple options available under this product are as below:
Ankit’s Example
To clearly understand how the death benefit works, let us refer to Ankit’s story.
Ankit is 35 years old, and has invested in Option 1:Wealth Creation of the Generali Central Big Dreams Plan, with a Policy Term of 10 years and Death Benefit Multiple is 10 times, In case of Ankit’s unfortunate death after having paid just 2 premiums, the following illustration shows what his nominee will get:
For the purpose of illustration, we have assumed 8% p.a and 4% p.a as the higher and lower values of investment returns. These rates are not guaranteed, and they are not the upper or lower limits of returns of the Funds selected in your policy, as the performance of funds depends on several factors including future investment performance. These rates in no way signify our expectations of future returns and the actual returns may be higher or lower.
For Option 3: Dream Protect
- Sum Assured less deductible partial withdrawals, if any, OR
- 105% of the total premiums paid (including top-up premiums paid, if any) till the date of death less deductible partial withdrawals, if any.
No future premiums are required to be paid by You. All future premiums under the policy shall be paid by the Company on your behalf as and when they become due. Extra Allocation applicable to the respective Installment Premium post the death of the Life Assured shall be added to the fund as and when the installment premium is paid by the company into the fund. The Policy shall continue till maturity and all the future benefits under the policy will be paid to the beneficiary as and when due. All applicable charges, except mortality charges, will continue to be deducted from the unit fund.
We will pay a monthly income equal to 8.33% of the Annualised Premium every month to the nominee till the end of the policy term starting from the first monthly death anniversary of the Life Assured.
We shall also pay the Maturity Benefit (Fund Value) at the end of the policy term.
The Policy will terminate on the complete payment of Maturity Benefit at the end of the Policy Term.
Ankit’s Example
To clearly understand how death benefit works in this case, let us look at Ankit’s story.
He had chosen Option 3:Dream Protect option, with a Policy Term of 10 years and Death Benefit Multiple is 10 times, The following illustration shows what his nominee will get in case of Ankit’s unfortunate death, after paying just 2 premiums:
For Deductible Partial Withdrawals applicable under Death Benefit for all plan options: Deductible partial withdrawals are partial withdrawals made in the 2 years prior to the date of death of the Life Assured.
For the purpose of illustration, we have assumed 8% p.a and 4% p.a as the higher and lower values of investment returns. These rates are not guaranteed, and they are not the upper or lower limits of returns of the Funds selected in your policy, as the performance of funds depends on several factors including future investment performance. These rates in no way signify our expectations of future returns and the actual returns may be higher or lower.
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 Big Dreams Plan.
Extra Allocation
Timely payment of all your due premiums within grace period ensures that an extra allocation is added to the fund along with your Instalment Premium.
Extra Allocation amount = Extra Allocation Rate applicable for the policy year X Instalment Premium paid in that year within the grace period.
- For Regular/ Limited Pay Policy
Note: The extra allocation applicable to the respective Instalment Premium shall be added only when due premiums are paid within the Grace Period and the policy is in force.
Premium Allocation Charge:
Nil
Policy Administration Charge:
Nil
Discontinuance Charge
In case of discontinuance of the policy during the first 4 policy years, the following charges will apply.
- For Regular/ Limited Pay Policy
where, AP = Annualised Premium under the policy, FV = Fund Value on the date of discontinuance.
Suicide
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 the 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 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
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 Big Dreams Plan (UIN: 133L081V03)
- Unit Linked Insurance plans are different from traditional insurance plans and are subject to risk factors.
- The Premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market. The policyholder/insured is solely responsible for his/her decisions.
- Generali Central India Life Insurance Company Limited is only the name of the Insurance Company and Generali Central Big Dreams Plan is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its prospects or returns.
- Please know the associated risks and the applicable charges from your insurance agent or the intermediary or policy document of the Company.
- The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their prospects and returns.
- Past performance is not indicative of future performance, which may be different. The investments in the Units are subject to market and other risks and there can be no assurance that the objectivities of any of the funds will be achieved. The funds do not offer guaranteed or assured return.
- Tax benefits are subject to change in law from time to time. You are advised to consult your tax consultant.
- 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 till the end of the fifth year.
- Please refer product brochure for details of the various funds offered along with the details and objective of the fund, the definition of all applicable charges and maximum limit to increase the charges.
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 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. 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: 133L081V03
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 Big Dreams Plan is a Unit Linked Insurance Plan (ULIP) that combines wealth creation with life insurance protection. It allows you to invest in market-linked funds while providing life cover for your family's financial security.
No, there's no upper limit on premiums, subject to the Board Approved Underwriting Policy.
Yes, after completing 5 years (lock-in period), you can make unlimited free partial withdrawals. The minimum remaining fund value must be 105% of total premiums paid plus one annualized premium.
No, both fund switching and partial withdrawals are completely free of charge.
This plan is particularly suitable for individuals who are looking for a comprehensive financial solution that combines multiple benefits. It's ideal for those seeking tax-saving investment solutions while earning market-linked returns with the security of insurance protection. The plan is perfect for people who want flexible investment options with the ability to make systematic withdrawals for regular income needs, making it an excellent choice for long-term wealth creation with built-in financial security.