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About Generali Central Care Plus

How This Plan Works

Two Protection Options

Maturity Benefit

There are no maturity benefits under this plan

Death Benefit

Flexibility To Receive Benefits

In each of the policy options, the policyholder can choose to receive the Death Benefit as per the following payout options

Tax Benefits

Tax benefits will be according to the provisions of Income Tax Laws. These benefits are subject to change as per the prevailing tax laws

Why Choose Generali Central Care Plus:

· Offers comprehensive long-term protection at affordable rates

· Flexibility to choose your policy term and premium payment terms

· Provides lower premium rates for women

· Flexibility to receive death benefit as lump sum payout, fixed monthly payout, or a combination of both

Disclaimers

This Product is not available for online sale. 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.

Future Group's and Generali Group's liability is restricted to the extent of their shareholding in 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 | Email: care@futuregenerali.in | Call us at 1800 102 2355 | Website: life.futuregenerali.in | Fax: 022-40976600 | UIN: 133N030V05| ARN : ADVT/Comp/2023-24/November/1146.

Insurance is the subject matter of solicitation. AU Small Finance Bank Limited ("AU Bank") with registered office at 19-A, Dhuleshwar Garden, Ajmer Road,Jaipur- 302001, Rajasthan (CIN: L36911RJ1996PLC011381) is a corporate agent (Composite, IRDAI Reg No.: CA0515 valid till 30/08/2026) of Future Generali India Life Insurance Company Limited. The purchase by AU Bank’s customer of any insurance products offered by Future Generali India Life Insurance Company Limited is purely on voluntary basis Tel.: 1800 1200 1200 / 1800 26 66677;Website:www.aubank.in. The insurance products offered here are underwritten by Future Generali India Life Insurance Company Limited.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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Two Protection Options

The Product offers two protection options to choose from:

  • icon

    Life Cover

    Provides guaranteed death benefit in case of death of Life assured.

  • icon

    Extra Life Cover (Life Cover with Accidental Death Benefit)

    In addition to the benefits under Option 1: Life Cover, this option also provides a guaranteed additional lump sum benefit (Accidental Death Sum Assured) in case of death due to accident.

Death Benefit

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    Life Cover

    • This is a pure term plan.
    • In this option, the death benefit shall be paid on Death of the Life Assured.
    • The policy shall terminate on the death of the Life Assured.
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    Extra Life Cover (Life Cover with Accidental Death Benefit)

    • This option provides life cover as specified in Option 1 and also provides an additional Accidental Death Benefit equal to Accidental Death Sum Assured which shall be payable in case the death happens due to an accident i.e., an amount equal to the Death Benefit plus Accidental Death Sum Assured shall be payable upon accidental death.
    • The policy shall terminate on the death of the Life Assured.

  • Note for: - The death benefit shall be the highest of the following:
     

    A. 10 times Annualized Premium (excluding the applicable taxes, rider premiums and underwriting extra premiums, if any), or 
    B. 105% of total premiums paid (excluding any extra premium, any rider premium and applicable taxes) as on the date of death, or 
    C. Sum Assured

Flexibility to Receive Benefits

The default payout option is Lump-sum payout. The policyholder can change to any of following the payout options during the policy term but before the occurrence of insured event.

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    Lump-sum Payout

    Death Benefit amount is paid to the nominee in Lump-sum.

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    Fixed Income Payout

    Fixed monthly payouts of 1.8955% or 1.0738% of the Death Benefit is paid to the nominee for a period of 60 or 120 months respectively as chosen by the policyholder with the first payout being made at the time of claim settlement and the remaining instalments payable on each of the following monthly death anniversary of the Life Assured. Upon death of the Life Assured, the nominee has the option of taking these monthly payouts as lump sum at any point in time during the payout period. In such case, we shall pay the present value of all outstanding monthly payouts as lumpsum discounted at the rate of 5.5% per annum compounded yearly.

  • icon

    Mixed Payout

    The policyholder can opt for any combination of the Lump-sum Payout and Fixed Income Payout for Death Benefit. The percentage of Lump-sum and Fixed Income chosen can be changed during the policy term but before the occurrence of insured event.

About Generali Central Care Plus

· Your financial needs are as unique as your life experiences and goals. You may be planning to buy a house, send your children for higher studies or even retire early. No matter what your milestones, you need a protection solution that is tailored to help you prepare for different life events.

· Generali Central Care Plus is a term Life Insurance plan that is designed keeping your needs and preferences in mind. So that you can secure your family’s lifestyle, today and tomorrow.

How this plan works

  • 1. Ankit is a 35-year-old healthy non-smoker male. He buys the Generali Central Care Plus – Option 1 Life Cover

    Policy Term – 25 years

    Premium Payment Term – 25 years

    Annual Premium (excluding applicable taxes)- Rs. 12,277

    Sum Assured – Rs. 1 Crore

    Payout Option – Lumpsum

    In case of an unfortunate event of Ankit’s death during 2nd Policy year, a lumpsum of 1 Crore is paid to Ankit’s nominee.

    Death Benefit shall be highest of:

    A. 10 times Annualized Premium (excluding the applicable taxes, rider premiums and underwriting extra premiums, if any) of Rs. 1,22,770

    B. 105% of total premiums paid (excluding any extra premium, any rider premium and applicable taxes) as on the date of death of Rs. 25,782

    C. Sum Assured of Rs. 1 Crore

    The policy will terminate on payment of Death Benefit

    2. Ankit is a 35-year-old healthy non-smoker male. He buys the Generali Central Care Plus – Option 2 Extra Life Cover (Life Cover with Accidental Death Benefit)

    Policy Term – 25 years

    Premium Payment Term – 25 years

    Annual Premium (excluding applicable taxes)- Rs. 16,747

    Sum Assured – Rs. 1 Crore

    Accidental Death Sum assured- Rs. 1 Crore

    Payout Option – Lumpsum

    In case of an unfortunate event of Ankit’s death during 2nd Policy year, a lumpsum of 2 Crore is paid to Ankit’s nominee i.e., Death benefit of Rs. 1 Crore plus Accidental Death Sum Assured of Rs. 1 Crore

    Death Benefit shall be highest of:

    A. 10 times Annualized Premium (excluding the applicable taxes, rider premiums and underwriting extra premiums, if any) of Rs. 1,67,470

    B. 105% of total premiums paid (excluding any extra premium, any rider premium and applicable taxes) as on the date of death of Rs. 35,169

    C. Sum Assured of Rs. 1 Crore

    Note:     In the above example, in case of death other than due to accident under Option 2: Extra Life Cover (Life Cover with Accidental Death Benefit) only Death Benefit of Rs 1 Crore shall be payable and no Accidental Death Sum Assured shall be payable.
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