Ensure that your post-retirement lifestyle will continue to be stress free and hassle free by investing in the most suitable retirement plan. As the name suggests, freedom is what we aim for with this retirement plan, providing policyholders with a monthly income to be financially independent alongside the ability to claim up to 5 times your monthly pension as an annual healthcare benefit without submitting hospital or medical bills.
What’s more, your retirement income will also be increased by 5% annually on compound interest.
5% increase on retirement income
A 5% increase of the guaranteed retirement income on compound interest basis.
Annual healthcare payment
An annual healthcare payment that is 5 times the monthly retirement income (optional), which will also increase by 5% on compound basis annually. This amount is payable as a lump sum each year.
Policy terms from 5 - 40 years
Flexible range of premium payment options (monthly, quarterly, bi-annually or annually)
Expandable with additional covers for enhanced protection such as Critical Illness Cover, Hospitalization Cover, Family Protection Benefits and many more.
Eligible for annual bonus.
Compensation on death
Compensation on death during premium paying term will be a refund of the total premium paid or the surrender value (whichever is higher)
Compensation on death
Compensation on death after commencement of retirement plan will be the balance payment of the retirement fund as per policy schedule to nominee.
Extended permanent disability benefit
Extended permanent disability benefit claim due to accident / sickness where future premiums will be waived off, and the policyholder will be entitled to the monthly income as per policy schedule.
- Those who are 18 to 65 years are eligible to begin premium payments for the Freedom Retirement Plan
- Benefits commence during retirement between the ages of 45 to 70 years
- Suitable for employees in the private sector with no standard pension scheme
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.