Don’t let exorbitant premiums stop you from safeguarding your child’s future. With the Minimuthu Parithyaga Children’s Plan, we support your responsibility in securing total protection for your child with a low, highly affordable premium. Now you too can gift your child their dream for a brighter future with the Minimuthu Parithyaga Children’s Plan.
Policy period available from 10 - 24 years depending on the child’s age.
Highly flexible range of premium payment modes (monthly, quarterly, bi-annually or annually).
Parents can decide a period between 18 - 25 years during which the child will require financial assistance for higher education.
Compensation on death
Loss of a parent during the premium paying term immediately entitles the child to the total sum assured and a waive off of all further premiums. The child or guardian will also receive an additional 15% of the total sum assured each year until the end of the policy period and cumulative bonuses will be paid at the maturity.
Expandable with additional covers for enhanced protection such as Permanent Disability Benefit, Funeral Expense Cover, Spouse Cover and many more.
- The policy can be obtained by parents between the ages of 18 to 60 years on behalf of children between the ages of 1 month to 15 years
- Minimum sum assured should be LKR 50,000
- Your child is eligible for the Arogya Hospitalization Cover and Jeewaka Critical Illness Cover at the age of 1 month onwards at a normal cost
Sri Lanka Insurance is the pioneer insurance company in the island with a history spanning 57 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 in excess of LKR 152.5 billion and asset base of over LKR 268 billion are unmatched in the industry.