Freedom Single Premium Plan

What is Freedom Single Premium Plan?

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.

Insurance for all from the largest & strongest National Insurer
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

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.

Additional covers

Expandable with additional covers for enhanced protection such as Extended Permanent Disability benefits due to accidents, Sickness & Family Protection Benefits.

Cumulative bonuses

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
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 over 60 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 156.7 billion  and asset base of over LKR 274 billion are unmatched in the industry.

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