Freedom – Retirement Plan

Insurance for all from the largest & strongest National Insurer

Freedom Retirement plan provides you with a monthly retirement income that can help you be independent so you can make the most of your retirement. Freedom will also provide a special annual Health Care benefit that is worth 5 times the monthly income amount, without the hassle of providing hospital and medical bills.

Your income is increased annually by 5% on compound interest.

Who can get this plan?

  • If you work in the private sector, or in a line of work that does not have a pension scheme then Freedom can help you build a concrete future.
  • If you are aged between 18 to 65 years old then you are eligible to apply.

Key Benefits

  • The guaranteed annuity (retirement income) payable will increase by 5% on a compounded basis on each policy anniversary.
  • Annual health care payment (Optional) which is equal to five times the monthly annuity, this is payable as a lump sum each year that will be increase by 5% on a compound basis on each policy anniversary.
  • This payment will also increase by 5% on a compound basis on each policy anniversary.

Plan: Freedom – Retirement Plan

Term(s) Available: 05 to 40 years for premium payment 5,10,15,20 years for annuity payments

Age Limit

  • Premium paying age – 18 to 65 years
  • Retirement age – 45 to 70 years

Benefits

  • Bonus will be paid along with the last monthly retirement income.
  • The annuity (retirement income) payable will increase by 5% on a compounded basis on each policy anniversary.
  • Annual health care payment (Optional) which is equal to five times the monthly annuity, this is payable as a lump sum each year that will be increased by 5% on a compound basis on each policy anniversary.
  • Eligible for annually declared bonus.

Death benefit

  • Death within premium paying term

– Refund of premium paid or the surrender value (which ever higher) will be paid

  • Death after commencement of the annuities (retirement income)

– Balance annuities will be paid as the policy schedule to a nominee

Disability Benefit

  • Extended permanent disability benefit claim. (Due to accident)

– Future premium will be waved off.

– The assured will also be entitled to the annuity payable as per the terms and conditions.

  • Extended permanent disability compensation claim (Due to sickness)

– Future premium will be waved off.

– The assured will also be entitled to the annuity payable as per the terms and conditions.

  • SLI Surgical plan
  • SLI Comprehensive plan
  • SLI Overseas comprehensive plan
  • SLI Hospital cash plan
  • Family protection unit (Additional life cover)
  • Critical illness cover (Jeewaka)
  • Extended permanent disability benefit(Due to accident)
  • Extended permanent disability benefit(Due to sickness)
  • Hospitalization cover (Arogya)

Why should I select Sri Lanka Insurance as my insurance partner?

Sri Lanka Insurance is the pioneer insurance company in the island with a history spanning 55 years. Being backed by the state has added to its strength and credibility while it has the most experienced technical knowledge base. Its Life Fund of Rs. 90.3 billion and asset base of Rs. 171.8 billion are unmatched in the industry.

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