Recently considerable excitement has arisen due to the experimental observation of a field-induced spin liquid phase in the compound α-RuCl3. However, the nature of this putative spin liquid phase and the relevant microscopic model Hamiltonian remain still unclear. In this work, we address these questions by performing large-scale numerical simulations of a generalized Kitaev-Heisenberg model proposed to describe the physics of α-RuCl3. While there is no evidence for an intermediate phase for in-plane magnetic fields, our results strongly suggest that a stable intermediate spin liquid phase, sandwiched between a magnetically ordered phase at low fields and a high-field polarized phase, can be induced by out-of-plane magnetic fields. Moreover, we show that this field-induced spin liquid phase can be smoothly connected to a spin liquid possessing a spinon Fermi surface as proposed recently for the Kitaev model. The relevance of our results to α-RuCl3 is also discussed.Here K 1 and K 3 are the nearest-neighbor (NN) and third-neighbor Kitaev interactions, respectively, and Γ arXiv:1901.09131v1 [cond-mat.str-el]