To enjoy a hassle-free lifestyle till the old age of retirement, commit to our Freedom Single Premium Plan by settling your premium as a lump sum payment. Upon your retirement, you will then receive your due monthly income, with the assurance of a financially independent post-retirement life.
Only one payment
Single premium payment.
Guaranteed 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 payment each year.
Policy terms from 5 - 40 years.
Retirement fund receiving period can vary from 5, 10, 15 to 20 years as per requirement and confirmation at the commencement of the plan.
Expandable with additional covers for enhanced protection such as Extended Permanent Disability benefits due to accidents, Sickness & Family Protection Benefits.
Cumulative bonuses will be paid at the final annuity payment.
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
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.
- Minimum single premium of LKR 50,000
- Those who are between the ages of 18 to 65 years are eligible to obtain the Freedom Retirement Plan
- The accepted retirement age of policyholders is 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 116 billion and asset base of over LKR 211 billion are unmatched in the industry.