Generali Central Life Insurance Company Limited
Generali Central Care Plus Term Plan
Generali Central Life flagship term plan
UIN 133N096V06We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
—
Claim settlement (CSR)
96.5%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Lump-Sum Payout · Fixed Income Payout · Mixed Payout
Premium payment
Regular Premium · Limited Premium
Policy term
5–67 yrs
Surrender value
no
Free look
30 days
What this plan does well
- 2 Plan Options: Life Cover / Extra Life Cover (+ Accidental Death) — DEALBREAKER ADVANTAGE
- 3 Death Benefit Payout Options: Lump-Sum / Fixed Income / Mixed — DEALBREAKER
- Accidental Death Sum Assured add-on in Option 2 — UNIQUE
- Claims TAT 15 days (non-investigation)
- Regular OR Limited Premium variants
- Coverage up to age 85
- Paid-up after 3 years (Limited Pay)
- Backed by Generali (international) + Central Bank of India + Future Group (legacy)
Watch out for
- Recently rebranded (Future Generali → Generali Central Life) — brand uncertainty
- Regular Pay variant: NO Surrender Value
- Limited Pay Surrender only after 3 years of premiums
- Death Benefit formula 10x premium (vs Bandhan iTerm Prime 11x)
- Suicide payout 80% (vs Bandhan 100%)
- Max entry 65 (lower than some competitors)
- Generali Central CSR ~96-97% (mid-tier vs top 99%+)
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.