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Ceylinco

Ceylinco Life Advance Payment

Home // Packages // Ceylinco Life Advance Payment
  • Ceylinco Life Endowment
  • Ceylinco Life Future Saver
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Ceylinco Life Advance Payment

Ceylinco Life Advance Payment is an exceptional policy through which you can plan your future well in advance.

This unique product will provide you an investment opportunity, enabling you to plan your long term and short term financial requirements that you anticipate, as well as offering a significant life cover, ensuring yours and your family’s well-being.

Hence without a worry you can face life transitioning events such as taking a step in investing in your child’s primary, secondary or the tertiary education, building that house in the country you always wanted or planning for your children’s’ wedding.

How it works

Advance Payment covers two significant components; financial return and protection.
The life cover in the policy provides comprehensive protection and you will receive advanced payments of your assured sum, periodically and before the term of your policy ends.

Benefits

Advanced payments will be before the policy term ends, periodically, therefore giving you an early return and the possibility to plan for your future expenses in advance.

In the event of an unfortunate demise of the policyholder, the life cover will be immediately paid to the beneficiary with no deductions of the advanced payments already made.

Example:

If the policyholder is 30 years old with a basic cover of Rs.500,000/=, for a term given in the chart, the said policyholder will get periodic lump sum payments (see chart) until the policy reaches maturity. At the end of the term, you will receive the balance of the sum assured with bonuses accumulated over the policy period.

Term Advance payment As a Sum Assured Actual Rupee Value (Rs.)
10 years 3rd year
7th year
10th year
20%
25%
55% + bonus
100,000
125,000
275,000 + bonus
15 years 4th year
10th year
15th year
20%
25%
55% + bonus
100,000
125,000
275,000 + bonus
20 years 4th year
10th year
15th year
20th year
15%
20%
20%
45% + bonus
75,000
100,000
100,000
225,000 + bonus
25 years 5th year
10th year
15th year
20th year
25th year
15%
20%
20%
20%
25% + bonus
75,000
100,000
100,000
100,000
125,000 + bonus

Who can apply

If you are aged between 18-60 years you are eligible to purchase this policy for a period of 10, 15, 20 or 25 years

Payment Modes

This policy can be paid in Monthly, Quarterly, Half-Yearly and Annual modes.

Rider Benefits

The following rider plans can be added on to your life plan as additional protection.

  • Ceylinco life Family Protection Benefit
  • Ceylinco life Jeewa Yathra
  • Ceylinco life Yugadivi
  • Ceylinco life Family Income Benefit
  • Ceylinco life Family Digasiri
  • Ceylinco life Major Surgery
  • Ceylinco life Family Hospital Cash
  • Ceylinco life Extra Cover

 

Additional Benefits

Ceylinco Life Advance Payment Plan policyholders will be eligible for additional rewards as a tribute for their loyalty. All policyholders stand a chance to take part in the Ceylinco Life Family Savari consumer promotion and their children are also eligible for the Pranama Scholarship scheme.

 

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Ceylinco Life

Ceylinco Life

    • 106, Havelock Road, Colombo 5
    • Tel : 011 2 461 461

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