Generali Central Life Investment Plans

What are Generali Central Life Investment Plans?

Generali Central Life investment plans are mostly Unit Linked Insurance Plans. A ULIP splits the premium you pay into two parts. One part funds your life cover, and the rest gets invested in funds of your choice across equity, debt, and balanced options. All ULIP plans from Generali Central have a five-year lock-in period, after which you can switch funds, make partial withdrawals, and access your money.

These plans suit medium to long-term goals because the returns depend on how the markets perform. The investment risk sits with you as the policyholder, so the fund value can rise or fall based on market movement. The provisions of the Income Tax Act recognise ULIPs as tax-saving investment options, with benefits available under Sections 80C and 10(10D) subject to prevailing rules.

List of Generali Central Investment Plans

1. Generali Central Big Dreams Plan

   A comprehensive ULIP designed to build wealth while keeping your family financially secure, with plan options covering wealth creation, retirement, and family protection.

   Features:

   • Choice of plan options including Wealth Creation and Retire Smart
   • Built-in life cover with loyalty additions over the policy term
   • Market-linked funds to match your goal and risk appetite
   • Open to residents and NRIs, subject to underwriting

   Benefits:

   • After completing the 5-year lock-in period, you can make unlimited free partial withdrawals
   • Both fund switching and partial withdrawals are free of charge
   • Low entry point, so younger investors can start small and stay invested for the long run
   • Tax benefits under Sections 80C and 10(10D) as applicable

2. Generali Central Dhan Vridhi

   A limited premium payment ULIP, which means you pay for a shorter, fixed period but stay invested and protected for much longer.

   Features:

   • Limited premium payment with a choice of fund options to match your risk appetite
   • Flexibility to switch funds and make partial withdrawals after 5 policy years
   • Choice of optional riders to widen your cover
   • Suited to medium and long-term financial commitments

   Benefits:

   • Pay premiums for a few years while the policy keeps working for decades
   • Premiums paid are eligible for deductions under Section 80C, and maturity proceeds may be exempt under Section 10(10D)
   • Active control over your portfolio through switching and premium redirection
   • Death benefit paid to your nominee that protects the family's plans

3. Generali Central Bima Advantage Plus

   An individual, non-participating ULIP that blends protection with investment to fund medium to long-term goals like a child's education or retirement.

   Features:

   • Wide choice of investment funds to match your risk appetite
   • Flexibility through switching, partial withdrawals, and premium redirection
   • Freedom to set your policy term and sum assured
   • Optional riders to enhance the base cover

   Benefits:

   • On survival till the end of the policy term, the fund value as on the maturity date is payable
   • On death during the term, the nominee receives the higher of the sum assured or the fund value
   • Wealth creation through market participation across selected funds
   • Tax advantages under Sections 80C and 10(10D)

4. Generali Central Sampoorna Samadhaan Plan

   The newest launch, a Term with Unit Linked Insurance Plan (often called a TULIP) that combines a high level of protection with wealth creation.

   Features:

   • Life cover of up to 100 times the annual premium
   • A choice of nine funds to personalise your investment
   • Systematic Partial Withdrawals allowed at regular intervals
   • Entry age from 18 to 65 years, with maturity allowed up to age 85

   Benefits:

   • Strong protection without giving up the growth potential of the markets
   • Return of up to twice the premium allocation charges deducted 10 years earlier, credited at the end of the 10th to 13th policy years
   • From the 11th policy year, up to twice the mortality charges deducted 10 years earlier are also credited back
   • A single plan that balances family security with long-term goals

Generali Central Traditional Plans

1. Generali Central New Assured Wealth Plan

   An individual, non-linked, non-participating savings plan that combines a guaranteed maturity payout with life cover.

   Features:

   • Guaranteed lump sum at the end of the policy term plus a lump sum death benefit
   • Guaranteed Additions accrue each year as a simple percentage of the sum assured from the end of the 8th policy year
   • Flexibility to choose your policy term and premium payment term
   • A POS variant is available without a medical examination up to a limited sum assured

   Benefits:

   • Returns are not exposed to market swings, which helps cautious savers
   • Guaranteed Additions help your payout keep pace with rising costs
   • Financial support for the family through the death benefit
   • Premium modes from monthly to annual to fit your income cycle

2. Generali Central Assured Income Plan

   A non-linked, non-participating savings plan built around a steady, guaranteed income stream.

   Features:

   • Guaranteed regular income for 8 to 15 years after the policy matures
   • Life cover through the policy term plus additional lump sum benefits
   • Income period that mirrors your chosen policy term
   • A one-time premium continuance benefit if you miss a premium after paying at least a year

   Benefits:

   • A guaranteed income stream without market risk
   • For a 15-year policy, payouts run from year 16 to year 30, giving 15 years of assured income
   • Helps you stay financially independent while keeping the family secure
   • Suits planned needs like post-retirement income

3. Generali Central Long Term Income Plan

   A guaranteed income plan with a staggered payout structure for long-term income certainty.

   Features:

   • Pay premiums over 11 or 15 years and receive guaranteed income over 11 or 15 years
   • An additional benefit of 1 to 4.5 times the annualised premium paid with the last payout
   • Life cover alongside the income payouts
   • Non-linked, non-participating structure

   Benefits:

   • Total income can range from about 15.3 to 27 times the annualised premium depending on entry age
   • A predictable second income to fund long-term goals
   • Protection for dependants through the life cover
   • No exposure to market volatility

4. Generali Central Money Back Super Plan

   A non-participating savings plan that returns money at set intervals while keeping you covered.

   Features:

   • Money-back payouts at defined intervals based on the option you choose
   • Two plan options aligned to different financial milestones
   • Life insurance cover through the term
   • Available in POS and non-POS variants

   Benefits:

   • Periodic payouts give liquidity without surrendering the policy
   • Life cover continues even as you receive money back
   • Helps fund staggered goals across the years
   • Guaranteed structure with no market dependence

5. Generali Central Single Premium Anchor Plan

   A single-premium savings plan for those who prefer to invest once rather than pay recurring premiums.

   Features:

   • One-time premium payment at the start
   • Non-linked, non-participating savings structure
   • Life cover bundled with the savings benefit
   • Simple, low-maintenance option

   Benefits:

   • A single payment removes the need to track recurring premiums
   • Suits people with a lump sum ready to invest
   • Family protection through the built-in cover
   • Guaranteed benefits without market risk

6. Generali Central Assured Education Plan

   A child-focused guaranteed plan that builds funds for higher education while covering the parent.

   Features:

   • turns 17 for graduation or post-graduation costs
   • Guaranteed payouts timed to your child's educational milestones
   • Death benefit that increases through Guaranteed Additions from the end of the 8th policy year
   • Life cover on the parent or proposer

   Benefits:

   • Funds arrive when education expenses are due
   • The plan continues to build value even in the parent's absence
   • Removes the uncertainty of timing large education costs
   • Guaranteed, market-independent returns