Central Bank of India acquires Future Enterprise Limited’s 25.18% stake in Future Generali India Life Insurance, marking a strategic move to strengthen its presence in the insurance sector.
Central Bank of India acquires Future Enterprise Limited’s 25.18% stake in Future Generali India Life Insurance, marking a strategic move to strengthen its presence in the insurance sector.
Generali Central New Assured Wealth Plan (Non-Pos Variant)
Guaranteed Returns**
Get a lump sum amount at maturity, no surprises
Premium Waiver#
Future support stays intact, in your absence
Flexible Options
Choose from options that fit your goals
**Guarantee is subject to payment of all due premiums. #- In-build Waiver of premium available for option 2 T&C apply | UIN: 133N085V03 | ARN: ADVT/Comp/2024-25/September/1597
Why Choose Generali Central New Assured Wealth Plan?
When you’re building your dream life, security isn’t optional but an obligation.
The Generali Central New Assured Wealth Plan is a life insurance savings plan that’s a promise to grow with you. With guaranteed additions and a lump sum amount as maturity benefit, it turns your goals into milestones achieved.
Whether your goal is for retirement planning, education, or a major life event, this guaranteed savings plan supports your journey with life cover, tax benefits, and loan accessibility.
Receive a guaranteed lump sum at maturity so you can move forward with confidence, knowing your future is well-planned, protected, and full of possibilities.
Guaranteed Returns on Maturity
Enjoy a lump sum payout with this savings plan to secure your financial future.
Guaranteed Additions for Long-Term Goals
Boost your savings with Simple Guaranteed Additions from the 8th year onward.
Increasing Death Benefit*
Protect your loved ones with a growing death benefit to keep pace with life’s uncertainties.
In-Built Waiver of Premium#
Continued support for your family ensuring coverage even during life’s toughest moments.
Tax Benefits
Save more with eligible tax benefits while growing your wealth through this saving insurance plan.
Flexible Plan Options
Choose from two tailored variants to meet short term and long-term goals like retirement planning or milestones.
*- Increasing Death Benefit available for Option 1 #- In-build Waiver of premium available for option 2
How to Buy the Generali Central New Assured Wealth Plan?
Getting started with your life insurance plan is easy, here’s how –
Step
Step
Step
Step
Choose Plan
Choose from the following two options that works the best for you.
Option 1
This is a standard endowment plan. Policy ends at the completion of the policy term or upon the death of the Life Assured with all benefits paid at the event of death.
Option 2
This is in addition to the Death Benefit payable on death or Maturity on Survival. The Policy continues even after the death of the Life Assured till the end of the Policy Term, with no further premiums to be paid and accrual of Guaranteed Additions till the end of the Policy Term, which is paid along with the Sum Assured at the original Maturity Date.
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
Tailored Plan Options to Secure Your Future
Choose the policy option that fit your life goals.
Option 1
Ideal for young individuals starting early building long-term security with life cover and a guaranteed payout at maturity or in case of an unfortunate event.
Minumum:
0 years (Death Benefit Multiple 10),
41 years (Death Benefit Multiple 7),
50 years (Death Benefit Multiple 5)
Maximum:
60 years (Death Benefit Multiple 10),
64 years (Death Benefit Multiple 7),
64 years (Death Benefit Multiple 5)
Minimum: 18 Years
Maximum: 76 Years
Option 2
Designed for those with dependents and a growing family, this plan builds wealth, protects family, and waives future premiums to keep coverage active.
Minimum: 18 Years
Maximum: 55 Years
Minimum: 30 Years
Maximum: 71 Years
Offered Across All Plans
12/16/18/20 years
Limited Pay
₹ 90,000 - No Limit (As per Board Approved Underwriting Policy)
Yearly, Half Yearly, Quarterly and Monthly
Minimum:
Age: 0 days-50 years
₹1,325
Age: >51 years
₹4,415
Maximum: No Limit (As per Board Approved Underwriting Policy)
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 New Assured Wealth Plan
Here’s what we offer with this life insurance plan –
- The plan offers simple Guaranteed Additions for each completed policy year, starting from 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.
- The Guaranteed Additions accrue at the end of the policy year.
- The Guaranteed Addition rates are based on the age at entry of the Life Assured, the Premium Payment Term chosen, Policy Term chosen, Death Benefit Multiple, Annualised Premium (excluding taxes, rider premiums, loading for modal premium and extra underwriting premiums, if any) and the option chosen.
- If this Policy is converted to a Reduced Paid-Up Policy as per the terms and conditions section below, it shall not accrue any future guaranteed additions under both options from the first Premium Due Date on which the Installment Premium was unpaid. The guaranteed additions already accrued, remains attached to the Policy.
Sample annual Guaranteed Addition rates are provided below:
You will receive a Guaranteed Maturity Benefit as per your chosen option, on survival till the end of the Policy Term subject to all your premiums due being paid.
Option 1 and Option 2
- Maturity Sum Assured Plus Accrued Guaranteed Additions, shall be paid where Maturity Sum Assured is equal to Sum Assured
- Sum Assured under this product is equal to the total Annualized Premium payable under the policy (excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any)
- The policy terminates on the payment of the Maturity Benefit under both the options.
Amit’s Example
To clearly understand how maturity benefit works in this case, let us look at Amit’s story
Scenario 1: Option 1
Amit is 30 years old healthy man and has purchased the Generali Central New Assured Wealth Plan – Option 1. He has opted for an Annualized Premium(excluding the applicable taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any) of Rs. 50,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. His Death Benefit Multiple is 10 times and Maturity Sum Assured is Rs. 5,00,000.
Guaranteed Additions will accrue at a simple rate of 8.75% of Sum Assured from the 8th Policy year till the end of Policy term at the end of each policy year.
* The 2.13 times of total premium (excluding applicable taxes ) is pertaining to above Illustrate only
Amit purchases Generali Central New Assured Wealth Plan – Option 2
Scenario 2: Option 2
If Amit purchases Generali Central New Assured Wealth Plan – Wealth Builder Plan with an Annualized Premium (excluding the applicable taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any) of Rs. 50,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. His Death Benefit Multiple is 10 times and Maturity Sum Assured will be Rs. 5,00,000.
Guaranteed Additions will accrue at a simple rate of 8.23% of Sum Assured from the 8th Policy year till the end of Policy term at the end of each policy year.
* The 4.07 times of total premium (excluding applicable taxes ) is pertaining to above illustrate only
In case of unfortunate demise of the life assured, the Death Benefit in this plan secures Life Assured’s family’s financial well-being and future. The Death Benefit varies as per the plan option you choose:
The Death Sum Assured shall be highest of the following:
- Death Benefit Multiple * Annualized premium (excluding the taxes, rider premiums and underwriting extra premiums, if any)
- 105% of Total Premiums Paid (excluding any extra premium, any rider premium and taxes, if collected explicitly) as on date of death.
Death Benefit Multiple options available under this product are as below:
For death benefit multiples 5 and 7, only Option 1 is available. For death multiple 10, both option 1 and option 2 are available.
Option 1
In case of unfortunate demise of the life assured during the Policy Term, the life assured’s nominee/beneficiary shall receive the Death Sum Assured plus Accrued Guaranteed Additions, if any. This is applicable if the policy is in-force and due premium till the date of death have been paid.
Option 2
In case of unfortunate demise of the life assured during the Policy Term, provided the policy is in-force and due premium till the date of death have been paid, two payouts will be made to life assured’s nominee under this option:
- Immediately upon settlement of Death claim: The first payout which is the Lump Sum Death Payout equal to Death Sum Assured will be paid at the time of settlement of death claim.
- The second payout equal to the Sum Assured plus accrued Guaranteed Additions shall be paid at the end of the Policy Term. The policy continues after the death of the insured person. No future premiums are required to be paid after the death till the end of Policy Term. The policy continues to accrue Guaranteed Additions, as applicable, even after the death of the Life Assured, till the end of Policy Term
- Under Option 2, the nominee or beneficiary will have no right to surrender or alter any of the conditions of the policy after death of the life assured.
The Policy will terminate on payment of entire Death Benefit under both the options
Amit’s Example
To clearly understand how death benefit works in this case, let us look at Amit’s story
Scenario 1: Option 1
Amit is 30 years old healthy man and has opted for Generali Central New Assured Wealth Plan – Option 1 with an Annualized Premium (excluding the applicable taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any) of Rs. 50,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. Death Benefit Multiple is 10 times and Maturity Sum Assured is Rs. 5,00,000.
Assuming that Amit’s death occurs during the 2nd policy year. The benefit payable under option 1 to Amit's nominee(s) will be:
The Policy Will Terminate on Payment of Death Benefit
Scenario 2: Option 2
If Amit purchases the Generali Central New Assured Wealth Plan – Option 2 with Annualized Premium (excluding the applicable taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any) of Rs. 50,000 for a Policy Term of 20 years and Premium Payment Term of 10 years. Death Benefit Multiple is 10 times and Maturity Sum Assured will be Rs. 5,00,000.
Guaranteed Additions will accrue at a simple rate of 8.23% of the sum assured, starting from the 8th policy year and continuing till the end of the policy term, accruing at the end of each policy year.
It is assumed that Amit’s death occurs during the 2nd policy year. The benefit payable under option 2 to Amit'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.
1369Branches across India
897,635Lives Protected from Day One
₹87.84 Bnof Assets Under Management
98.08%Individual Claim Settlement Ratio
99.78%Group Claim Settlement Ratio
Data 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 our New Assured Wealth Plan (Non-Pos Variant)
Free Look Period
If you disagree with the terms and condition 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 written request for cancellation which is dated and signed by you, 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).
Note:
- 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 e-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 one (1) policy years have 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.
- The policyholder has the option to revive the policy within Five years from the due date of first unpaid premium.
- In case the policy is not revived during the revival period no benefit shall be payable at the end of revival period and the policy stands terminated.
2. Paid-Up Value:
- 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 paid-up policy.
- Death Sum Assured and Maturity Sum Assured will be reduced in proportion to the number of premiums paid to the total number of premiums payable under the policy. The reduced benefit shall be payable in the same manner as for an in-force policy.
- If a policy is converted into a paid-up policy, it will not accrue any future Guaranteed Additions under both options. The Guaranteed Additions already accrued, if any, remains attached to the policy. A paid-up policy will not accrue any future Guaranteed Additions after death of the Life Assured under option 2.
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.
Grievance Redressal Processes
In case you have any grievances on the solicitation process, 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.in
- 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.in for priority assistance
- You may write to us at: Customer Services Department-
Generali Central Life Insurance Company Limited offers an extensive range of life insurance products, and a distribution network that ensures we are close to you wherever you go.
At the heart of our ambition is the promise to be a lifetime partner to our customers. And with the help of technology, we are making the shift from not only offering protection to our customers but also providing personalized services to them.
It starts with our extensive agent base which is at the core of this transformation. Through our distribution network, we ensure that there is always a caring touch while servicing the individual needs of our customers. With this philosophy, we aim to make simplicity, innovation, empathy and care synonymous with our brand - Generali Central Life Insurance Company Limited.
Disclaimer
Generali Central New Assured Wealth Plan (UIN: 133N085V03)
POS Life variant of ‘Generali Central New Assured Wealth Plan’ is also available where only Option-1 of this product can be applied without any medical examination up to limited Sum Assured, with waiting period for non-accidental death. Please click here to know more .
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 and consult your advisor, or, visit our website (www.generalicentrallife.com) 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. Central Bank of India’s and Generali Group’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.in For further details please access the link: https://www.generalicentrallife.com/customer-service/grievance-redressal-procedure
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.
Life insurance is a financial safety net that provides a payout to your loved ones if something happens to you. A life insurance company ensures they can cover daily expenses, repay loans, and achieve future goals. It offers peace of mind, knowing your family’s financial future is secure, even when you’re not around.
Life insurance is a financial safety net that provides a payout to your loved ones if something happens to you. A life insurance company ensures they can cover daily expenses, repay loans, and achieve future goals. It offers peace of mind, knowing your family’s financial future is secure, even when you’re not around.
Life insurance is a financial safety net that provides a payout to your loved ones if something happens to you. A life insurance company ensures they can cover daily expenses, repay loans, and achieve future goals. It offers peace of mind, knowing your family’s financial future is secure, even when you’re not around.
Life insurance is a financial safety net that provides a payout to your loved ones if something happens to you. A life insurance company ensures they can cover daily expenses, repay loans, and achieve future goals. It offers peace of mind, knowing your family’s financial future is secure, even when you’re not around.