It is important, that as a parent, everything is done to ensure that your children have uninterrupted education at all times. When the unexpected strikes it is imperative that a robust support structure is present which will provide the requisite finances to guide your children towards the right path.
Ceylinco Life Randaru is that very plan which will help you ease your mind knowing that you have assured the very best for your child even if you are not there for them.
Ceylinco Life Randaru will act as a pillar of strength if an unfortunate incident is to impact your life where there would be 2 Education Funds which would support your loved ones every educational need.
If the policyholder is to pass away during the policy term the Randaru Basic Education Fund will immediately come into play which will provide an immediate pay out of 5 times the sum assured to your beneficiaries in order to ensure that your child’s education continues with no interruption.
The Randaru Higher Education Fund will be a minimum of 5 times the value of the policy which will be paid to your child when he/ she turns 18 and they can use it for their higher education, for professional studies or to even start their own business.
In the event of a death of a policyholder due to an accident these funds would be doubled.
Example: Given below is a chart showing you how your child will receive Ran Daru benefits.
If you are aged between 18-60 years you are eligible to purchase this policy for a period of 05 – 25 years. Your child has to be aged between 6 months and 18 years.
This policy can be paid in Monthly, Quarterly, Half-Yearly and Annual modes.
The following rider plans can be added on to your life plan as additional protection.
Ceylinco Life Randaru 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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