Friday Dec 13, 2024
Friday Dec 13, 2024
Monday, 25 February 2019 00:00 - - {{hitsCtrl.values.hits}}
Sri Lanka’s rapidly ageing population creates significant challenges in several aspects. According to the statistics population above age 60 are 2.5 million in 2012 which is 12.5% of the total population and projection shows that it will be 16.7% of the total population by 2021 and it will rise to 25% by 2041. As there will be more people who are above the age of 60 it is crucial that the working population need to plan their retirement now in order to continue their comfortable lifestyles.
As the national insurer who is committed to protect the future of every Sri Lankan, Sri Lanka Insurance reiterates the importance of investing in a retirement fund. To support that cause Sri Lanka Insurance invites the working population to invest in SLIC Freedom Lifestyle Plan. This will help them to maintain the desired lifestyle even after their retirement.
With Freedom Life Style Plus, a monthly bonus annuity will be paid along with the guaranteed monthly retirement benefit and a monthly retirement benefit can be commenced at any time between the ages of 45 to 70. The monthly annuity will be increased by 5% on compounded basis and the guaranteed retirement fund can be increased every three years. Also the policyholder can claim up to 5 times of their monthly retirement benefit as a health benefit annually without submitting hospital bills or medical bills.
In case of untimely death of the policyholder before the commencement of the pension payments, the beneficiary will receive the higher amount either the surrender value or the premium paid.
Freedom Life Style Plus is open for those who are in the age limit of 18-65 at the commencement of the plan and the policyholder has the ability to pay their premium from five years or spread up to 40 years depending on the age of commencement. Also the policyholders can customise their plans with additional rider covers such as Family Protection Benefits, Critical Illness Cover, SLIC Hospital Cash Plan, SLIC Surgical Plan, SLIC Comprehensive Plan, SLIC Overseas Comprehensive Plan and SLIC Comprehensive D+ Diabetic Plan.
With SLIC Life Freedom Lifestyle Plan, policyholders can live with peace knowing that their future is secure.
Established in 1962, Sri Lanka Insurance Corporation is the largest Government-owned insurance company in Sri Lanka, with a managed asset base of over Rs. 193 billion and a Life fund of over Rs. 100 billion, the largest in the local insurance industry. The company is also the first and only local insurer to secure Fitch Ratings AA+ (lka) rating for its long-term financial stability and strong capital position.
