Ceylinco Life presents the premier retirement plan in the market, Pension Saver. It is an exclusive
Retirement + Life Protection Plan that supports you in building a strong Retirement Fund for your
golden years, while protecting your life against uncertainties and health challenges in future.
By planning early with Ceylinco Life Pension Saver, you can enjoy a worry-free retirement and
continue to lead an independent life on your own terms.
What does Ceylinco Life Pension Saver offer?
A Growing Retirement Fund
Pension Saver ensures a growing Retirement Fund, which is built on monthly dividend rates declared by the
company for the Basic Premium paid by you. You can decide your own contribution to the retirement fund
and start developing the fund monthly, quarterly, bi-annually or annually.
Life Protection Benefit
You will receive a life insurance cover with an affordable premium that ensures a promising tomorrow for
your loved ones in the case of your unfortunate demise. In the event of your death during the term of the
Policy, your beneficiaries will receive:
o Basic Sum Assured
o Family Protection Benefit
o Premium Assurance Benefit
o Other Supplementary Benefits, if entitled any
o Monthly Pension or Lump Sum Payment at the Retirement Date
Health / Supplementary Benefits
The plan allows the addition of a wide range of health benefit riders available at Ceylinco Life, to offer you
the best health support for the life.
o Accidental Death Benefit
o Total / Partial and Permanent Disability Benefit
o Critical Illness Benefit
o Hospital Cash Benefit
o Major Surgery Benefit
o Medical Reimbursement Benefit
Premium Assurance Benefit
In the unfortunate event of death, Ceylinco Life will continue the payment of Basic Premium for your
Retirement Fund until the Date of Retirement and will build the fund during your absence for your loved
ones. In the event of total and permanent disability, the Company will continue the payment of Basic
Premium as well as the premium for the Life cover until the Date of your Retirement.
If you have paid all due premiums within 180 days of its due date, Ceylinco Life will credit Loyalty Rewards to
your Retirement Fund at specified intervals during the policy term to appreciate your commitment to the
Fund. This will increase the Retirement Fund further and all you need to do is to pay your all premiums on
time. Total Loyalty Rewards will depend on the policy term and the premium paying mode.
How will your Pension Saver Retirement Fund grow?
Your Retirement Fund is carefully managed by professional investment managers who will ensure
that your Retirement fund grows each month, while ensuring an attractive maturity at the end.
Example for the Retirement Benefit:
Above is only an example based on assumed dividend rates of 4% p.a, 8% p.a. and 12% p.a., after all
management charges and assuming all premiums are paid on the respective due dates. Further, above
assumed Dividend Rates are not guaranteed and subject to fluctuations of the prevailing market conditions,
and the actual maturity benefit paid by the Company will depend on the actual Dividend Rates declared.
The illustrated values above will change based on the premium payment mode selected. (i.e. half yearly,
quarterly or monthly)
The Annual Basic Premium of Rs. 100,000 will be utilized to provide cover for the Basic Sum Assured
and to build your Retirement Fund. The Annual Total Premium including premiums for ‘Additional
Life Cover’ and ‘Premium Assurance Benefit’ will be Rs. 113,352.