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Online Retirement Plan

WELCOME TO CEYLINCO LIFE ONLINE

Retirement Plan

Ceylinco Life Retirement Account

Ceylinco Life Retirement Online lets young professionals like yourself, conveniently put aside an amount of Rs. 1000 upwards, towards your retirement starting today. While this guarantees a substantial lump sum to be available upon retirement, you also enjoy useful benefits today, including life insurance, loans, and the chance of participating in exciting Ceylinco Life Family Savari Trips.

If you wish to invest towards your retirement, you can start your policy online by clicking here. Initial contribution Rs. 1000 only.




Benefits

  • The ability to invest either monthly, quarterly, half yearly or annually and in lump sum payments.
  • Free Insurance cover.
  • Retirement returns are completely tax free.
  • Your children will be entitled to the Ceylinco Life Pranama Scholarships Scheme.
  • Your family will be entitled to the Ceylinco Life Family Savari Draw.
  • How it works

    Amount Received at Maturity for a Monthly Premium of Rs. 5000, for Ages Between 23 and 29. (The age of Retirement is assumed as 60)

    Current Age Amount paid at Maturity (Rs.)
    7% 9% 11%
    23 8,337,978 13,432,364 22,014,284
    25 7,259,676 11,333,198 17,975,792
    27 6,306,472 9,545,038 14,658,482
    29 5,463,854 8,021,806 11,933,568

    Amount Received at Maturity for a Monthly Premium of Rs. 20,000, for Ages Between 30 and 39. (The age of Retirement is assumed as 60)

    Current Age Amount paid at Maturity (Rs.)
    7% 9% 11%
    30 20,319,778 29,388,136 43,037,676
    35 13,913,936 18,709,522 25,385,586
    37 11,855,808 15,501,292 20,423,316
    39 10,036,454 12,768,380 16,347,192

    Amount Received at Maturity for a Monthly Premium of Rs. 50,000, for Ages Between 40 and 50. ( The age of Retirement is assumed as 60)

    Current Age Amount paid at Maturity (Rs.)
    7% 9% 11%
    40 23,018,822 28,894,342 36,477,040
    45 14,374,268 16,919,932 19,973,750
    47 11,596,866 13,322,400 15,334,424
    49 8,023,066 8,900,314 9,881,504

    Investing

    Investments can be made monthly, quarterly, half yearly or annually and in lump sum payments.

    Interest

    Interest rates are disclosed to you in the month before they are effective (e.g. July's A.E.R will be disclosed to you in June), and interest earned is deposited at the end of each respective month in your Ceylinco Life Retirement plan account.

    Death of Policyholder

    In the sad and unlikely event of your demise, your nominee will receive 100% of your premiums paid if the event occurs within 12 months of beginning your plan. If the event occurs more than 12 months since your plan was begun, your nominee receives the highest of 125% of the premiums due and paid or accumulated fund balance.

    HOW DOES THE CEYLINCO LIFE ONLINE RETIREMENT PLAN WORK

    This is the first and only retirement plan that is available to your via Internet, giving you the ultimate convenience of planning your retirement well in advance. Addition to that it provides you with a life insurance cover absolutely free of charge. This is how you can purchase this plan:

    1. Choose your benefits:
    2. Enter your basic details on the screen given and select the age you wish to retire. You have the option of making payments on monthly, quarterly, half yearly or annually. If you wish to make a single lump-sum payment that option is also available for you. You can select the frequency of the payment in the area indicated as Payment Mode.

      Towards the end of the page you are given two option of calculation.

      Option 01, allow you to calculate the illustrated fund balance at your retirement under three different interest rates. This is calculated based on the value of your contribution and frequency of the contribution.

      Option 02, allow you to calculated the contribution you need to make to obtain the desired retirement fund balance at you retirement. This is calculated based on the desired fund balance given by you and the values are shown based on three different interest rates.

      One your have selected your desired fund balance or contribution, click “Buy Now? to Proceed

    3. Fill in the application form:
    4. You will be directed to an application form, where you will need to answer a few questions about yourself. Please take a few minutes to carefully read the questions before you answer.

      The application is formulated in a way that it allows you to complete it easily and direct you towards the payment section.

    5. Make the payment online:
    6. It is a secured online payment gateway that allows you to pay your initial premium using your credit card. You can follow the instructions on the page and complete the payment easily.

      Once it is done you will receive an email confirmation on the successful submission of your application.


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