Receive survival payouts at defined intervals

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Protect loved ones with assured life cover

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Plan a comfortable future with guaranteed payouts, enhanced flexibility, and a life cover that grows with your goals. 

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Generali Central Money Back Super Plan (Non-POS Variant)

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Have questions? Get help and reliable support from experts at Generali Central Life Insurance.

Get Expert Advice from Your Trusted Life Insurance Partner!

Everything you need to understand your policy, plan your future, and make informed decisions at your convenience.

Downloads 

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Product Brochure

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Policy Schedule

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Policy Document 

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Customer Information Sheet 

Here are answers to some of the questions you might have.

The Non-POS (Point-of-Sale) variant typically allows higher Sum Assured and comes without waiting periods. The POS variant may have limited Sum Assured, waiting periods for non-accidental death, and often doesn't need medical examination.

You can choose between Option 1 and Option 2, depending on whether you want higher survival payouts or higher maturity benefits. These options differ in Sum Assured and the amount of survival benefits payable.

If you survive the policy term (assuming all premiums are paid), you receive the Sum Assured plus any Accrued Guaranteed Additions. 

If premiums are not paid within the grace period, the policy may lapse or become Reduced Paid-Up, reducing Death and Maturity Benefits based on premiums paid and accrued additions. Revival may be possible within a specific period. 

Yes—premium payments and benefits under this plan are generally eligible for tax deductions and exemptions under applicable sections of the Income Tax Act (e.g., Section 123 read with Schedule XV and Schedule II (Table S.No.2)), subject to prevailing laws and regulations. Always consult your tax advisor. 

Got Questions? We’ve Got Answers!

Understand your policy better with key details and insights into the Generali Central Money Back Super Plan (Non-POS Variant).

Little privileges for you

If you disagree with the terms and conditions 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 request for cancellation 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).

Free Look Period Computation for Insurance Repository (IR)

If the policy is opted through Insurance Repository (IR), the computation of the said Free Look Period will be as stated below:

You get a grace period of 30 days for Yearly, Half yearly and Quarterly Premium Payment Frequency and 15 days for Monthly Premium Payment Frequency from the due date, to pay your missed premium. During these days, risk on your life will continue to be covered and your nominee will be entitled to receive all the benefits subject to deduction of due premiums.

You can change your premium payment frequency subject to minimum eligibility criteria. Such change shall be applicable from the Policy Anniversary.

The premiums for various modes as upto percentage of annual premium are given below:

There shall be no charge made for the change of premium payment frequency.

The company will offer waiver of modal premium loadings for Annualized Premium of Rs. 1 crore and above.

This rider provides 100% of Rider Sum Assured as an additional coverage in case of death due to accident of Life Assured during the rider term and such unforeseen event shall occur within a period of 180 days of the accident.

This rider provides 100% of Rider Sum Assured as an additional protection in case of total or permanent disability due to accident of Life Assured, to such an extent that the Life Assured cannot perform 3 out of 6 daily life activities without continuous assistance from another person during the rider term. The Life Assured has to deemed disable by a suitable medical practitioner (appointed by the company) and the disability should persist continuously for a period of 180 days.

This rider provides financial support on diagnosis of any covered critical illness during the rider term, helping the Life Assured manage treatment and recovery without financial stress. The Rider Sum Assured is payable if the Life Assured is diagnosed with one of the specified critical illnesses and survives for 30 days after such diagnosis. The rider offers three coverage options—10, 30, or 60 critical illnesses—allowing flexibility based on protection needs. The benefit can be received as a lump sum, regular income for a chosen period (2 to 10 years), or a combination of both.

For further information on these riders including risk factors, exclusions, terms and conditions etc., please refer the rider/s brochures available on the website at 

or contact us at Email care@generalicentral.com , Customer Care Number 1800-102-2355.

You may avail a loan once the policy has acquired a Surrender Value. The maximum amount of loan that can be availed is up to 85% of the Surrender Value. The minimum amount of policy loan that can be taken is Rs. 10,000. For more details, please refer to the policy document. The interest rate applicable for the Financial Year will be declared at the start of the Financial Year ,basis current market interest rate on 10 year Government Securities (G Sec) as on 31st March every year + 2% rounded to nearest 1%.. The current interest rate applicable on loans is 9% per annum compounded half yearly for the Financial Year 2024-25. Please contact us or our nearest branch for information on latest interest rate on loans.

Terms & Conditions

If due premiums for the first (1) policy year has 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.

Survival Benefit payable, shall also stop once the policy is in Lapsed status.

The policyholder has the option to revive a lapsed policy within five (5) years from the due date of the first unpaid premium.

In case the policy is not revived during the revival period, no benefit shall be payable at the end of the revival period and the policy stands terminated thereafter.

If due premiums for the first (1) or more policy years have been paid in full and any subsequent due premium is not paid within the grace period, the policy will be converted into a reduced paid-up policy.

If a policy is converted into a reduced paid-up policy, Sum Assured on Death, Survival Benefits and Sum Assured on Maturity will be reduced.

A paid-up policy will not be eligible for any Income Loyalty Addition or Maturity Loyalty Addition.

 On the death of the Life Assured during the Policy Term while the policy is in Reduced Paid-up status, the reduced Death Benefit shall be payable, which shall be equal to:

 On the death of the Life Assured during the Policy Term while the policy is in Reduced Paid-up status, the reduced Death Benefit shall be payable which is:

Where, Paid-Up Sum Assured on Death = (Number of premiums paid / Total number of premiums payable) * Sum Assured on Death

Where, Paid-up Survival Benefit = (Number of premiums paid / Total number of premiums payable) * Guaranteed Income.

Further, the future applicable reduced paid-up Survival Benefit as defined above shall be adjusted for any excess survival / income benefit paid before the policy was converted to reduced paid-up status. The adjustment (i.e. of excess survival benefit paid) to reduced paid-up Survival Benefit shall be made in equal installments over the remaining income period.

Where, Paid-Up Sum Assured on Maturity = (Number of premiums paid / Total number of premiums payable) * Sum Assured on Maturity.

You can revive a paid-up policy within a period of five (5) years from the due date of the first unpaid premium. A paid-up policy cannot be revived once the policy term is over.

You can also surrender your paid-up policy anytime during the Policy Term.

If the Paid up Sum assured (exclusive of Guaranteed Income and Income Loyalty Additions) is less than rupees two thousand five hundred, the Policy may be terminated after expiry of revival period by paying the surrender value.

We encourage you to continue your policy as planned, however, you have the option to surrender the same for immediate cash requirement, in case of an emergency, any time after the completion of first policy year provided one full year premium has been received.

The amount payable on surrender will be (a) The Guaranteed Surrender Value (GSV) or (b) Special Surrender Value (SSV), whichever is higher.

The policy terminates on surrender and no further benefits are payable under the policy.


Vesting of the Policy in Case of Policies Issued to Minor Lives

The policy vests on the life assured on the policy anniversary coinciding with or immediately following the 18th birthday of the life assured. In case of death of Policyholder, while the Life Assured is a minor, the surviving parent/ legal guardian may be appointed as a new Policyholder. In case the policy is in paid-up status or upon non-payment of future premiums, Paid Up or Lapse provisions as mentioned above shall apply.


Nomination shall be in accordance with Section 39 of the Insurance Act, 1938 as amended from time to time.


Assignment shall be in accordance with Section 38 of the Insurance Act, 1938 as amended from time to time.

Exclusions

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.

Section 41 of the Insurance Act 1938 as amended from time to time states:

Section 45 of the Insurance Act 1938, as amended from time to time, states:

For further information, Section 45 of the Insurance Laws (Amendment) Act, 2015 may be referred.

Grievance Redressal

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:

Why Choose Us

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.

Disclaimer

Generali Central Money Back Super Plan (UIN : 133N088V05)

POS variant of Generali Central Money Back Super Plan is also available which can be applied without any medical examination up to a limited Sum Assured, with waiting period for non accidental death. Please refer to the POS variant product brochure for more details.

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 or consult your advisor before concluding a sale. Tax benefits are as per the Income Tax Act 2025 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 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: 

 . If you have any request, grievance, complaint or feedback, you may reach out to us at 

. For further details please access the link: 

Important Information & Resources

Note- 
The options vary by Sum Assured and amount of Survival Benefit to be paid.

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Choose Duration

Select Income Option

Annualized Premium

Option 1

Option 2

Option 3

Choose from Optional Riders

Fill the Proposal Form

Pay Your Premium Amount

Getting started with your life insurance plan is easy— just follow these simple steps: 

How to Buy the Generali Central Money Back Super Plan (Non-POS Variant)?

Secure financial future with the Money Back Super Plan. This money back policy offers flexibility and a life cover that grows with your long-term goals.

Buy Generali Central Money Back Super Plan with Life Cover

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Step-by-Step Guide to Secure Your Future

An Individual, Non-Linked, Non Participating (without profits), Savings, Life Insurance Plan. 
 
Because life's big moments deserve more than just hope, they need a plan.  
 
Whether you're saving for your child's milestones, planning a family celebration, or simply seeking peace of mind, the Generali Central Money Back Super Plan (Non-POS) helps you stay prepared. 
 
You receive guaranteed payouts at defined intervals to support your goals, and life cover ensures your efforts continue even in your absence. It's a simple, dependable way to save and secure your future. 

Receive lump sum and guaranteed additions at term end

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Maturity Benefit

Whether it's family goals or wealth, choose a plan that fits

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Choice of Plan Options

You decide how long to pay and stay protected

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Flexible Policy Terms

Enjoy tax savings as per current tax laws

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Tax Savings

Your family receives a lump sum and bonuses to keep dreams secure 

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Death Benefit

Choose your plan type and duration easily 

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Customizable Policy Terms

Enhance your protection 
with add on covers

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Optional Riders 

Why Choose Generali Central Money Back Super Plan (Non-POS Variant)?

Satish Kumar

Rajneesh Agrawal

Dilip Agnihotri's

Subhra Mukherjee

Goutam Kumar Paul

Vimal Verma

Pravin Khemka

Navin Khemka

Shoni Khan

Phoolchand Jakhad

Balraj Wadhera

Snehlata Wadhwa

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6019

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897,635

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₹87.84 Bn

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98.08%

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99.78%

We bring experience, stability, and a proven approach to supporting your family and financial goals.