Sri Lanka’s rapidly ageing population create 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 working population need to plan their retirement now in order to continue their comfortable life styles.
As the national insurer who is committed to protect the future of every Sri Lankan, Sri Lanka Insurance reiterate the importance of investing in a retirement fund. To support that cause Sri Lanka Insurance invite 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 age 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 five 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, 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 5 years or spread up to 40 years depending on the age of commencement.
With SLIC Life Freedom Lifestyle Plan, policyholders can live with peace knowing that their future is secure.
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