One of the most significant approaches for predicting formability is the use of forming limit diagrams (FLDs). The development of the generalized model integrates other models. The first model is based on Von-Misses yield criterion (traditionally used for isotropic material) and power law constitutive equation considering the strain hardening exponent. The second model is also based on Von-Misses yield criterion but uses a power law constitutive equation that considers the effect of strain rate sensitivity factor. The third model is based on the modified Hill's yield criterion (for anisotropic materials) and a power law constitutive equation that considers the strain hardening exponent. The current developed model is a generalized model which is formulated on the basis of the modified Hill yield criterion and a power law constitutive equation considering the effect of strain rate. A new controlling parameter (γ) for the limit strains was exploited. This parameter presents the rate of change of strain rate with respect to strain. As γ increases the level of the FLD raises indicating a better formability of the material.