Generali Central Life Term Insurance FAQs

Maturity benefit/survival benefit is available only under TROP (Term plan with Return of Premium) plans. Under TROP plans, maturity benefit is only provided at the end of the policy term if the policyholder survives the policy term.

Yes! You can cancel your term insurance plan and return the policy to Generali Central within the free look period of 15 days of policy receipt. The free look period is 30 days if the policy has been purchased through distance marketing mode.

Yes! Term plans at Generali Central feature varied options for premium payment so that policyholders can choose what’s best for them. You can easily choose to pay premium monthly, quarterly or even annually.

Yes! You will be eligible for tax benefits under section 80C and 10(10D) of the income tax 1961 on buying a Generali Central term insurance plan.

If all the documents are in order, Generali Central India Life Insurance decides on the claim within ten days.

No, there cannot be an assignee in Generali Central India Life Insurance policy because these insurance policies are not assignable.

The Generali Central India Life Insurance policy claim amount belongs to the legal heirs of the insured person. The nominee is only a trustee of the legal heirs.

The nominee can lodge the claim in a Generali Central India Life Insurance term insurance policy. If there is no nominee, the next kin of the insured can lodge the claim.

Generali Central provides Future Generali Flexi Online Term Plan online.

Generali Central Life Insurance offers Future Generali Flexi Online Term Plan, Generali Central Care Plus, Generali Central Jan Suraksha, Generali Central Express Term Life Plan, and Generali Central Saral Jeevan Bima.

The claim settlement ratio for Generali Central Life Insurance for the financial year 2019-20 was 95.28%.

The customer care number of Generali Central Life Insurance is 1800-102-2355.

You get 30 days of grace time under the annual premium payment plan and 15 days grace in the monthly premium plans. If you miss paying the premium during the grace period, your Generali Central India Life Insurance policy can lapse.

The insurer should be between 18 and 55 years for the Generali Central India Life Insurance basic coverage plan. If you opt for the income protection plan, your age should be between 25 and 55 years.

Generali Central India Life Insurance Term insurance policies do not have maturity amounts. Hence, you do not stand to gain anything if you outlive the policy term. However, some insurance companies provide an option where you get your premiums back. You can also opt to cover your terminal illness. However, the annual premium under all these circumstances is higher.

Generali Central India Life Insurance term insurance ideal cover should be around 25 times your annual income.

You can stretch your Generali Central India Life Insurance term insurance to the maximum of 28 years for basic life cover and 45 years for income protection plans. The maximum age should not exceed 75 years at maturity.

Yes, Generali Central India Life Insurance term insurance premium rates for income protection plans are higher than those of the basic life cover products.

Tobacco consumers have to pay a higher premium for Generali Central India Life Insurance term insurance than tobacco non-consumers.

Yes, the premium rate for females is less compared to males in Generali Central India Life Insurance term insurance .