In today’s world, women play a crucial role as mothers, breadwinners, daughters, leaders and strong independent personalities who strive to win the world. The sacrifices they make daily are many and they juggle between work and family expertly, achieving wonders.
Ceylinco Life Saubhagya is a life insurance plan which celebrates the devoted and driven everywhere, it is a plan especially made for them and their future.
Saubhagya provides a unique offering where periodic lump sum payments are paid to the policyholder during the term of the policy while also providing a life cover and a maturity at the end of the term if the policyholder survives.
The benefits of this plan are 3 fold.
Once you purchase a Saubhagya policy you would be receiving generous lump sum payments every 4 years of your policy term which you can use for your financial requirements.
At the end of the term the policyholder is able to enjoy the added benefit of receiving the assured sum of the policy or the accumulated fund, whichever is higher and with no deductions of the lump sums already paid.
Furthermore there is an inbuilt life insurance cover where at the instance of the policyholders unfortunate demise the basic sum assured of the policy or the accumulated fund, whichever is higher, will be paid to her beneficiaries.
Example:
For example, if you are 30 years old, and you obtain a Saubhagya policy for a basic cover of Rs.500,000/- for 20 years, you will receive generous periodic payments of Rs.60,000/- every four years
| Term | Periodic Payment (End of) | As a % of the Sum Assured |
|---|---|---|
| 12 year’s | 4th year 8th year 12th year |
20% 20% Basic sum assured or accumulation fund, whichever is higher |
| 16 year’s | 4th year 8th year 12th year 16th year |
15% 15% 15% Basic sum assured or accumulation fund, whichever is higher |
| 20 year’s | 4th year 8th year 12th year 16th year 20th year |
12% 12% 12% 12% Basic sum assured or accumulation fund, whichever is higher |
| 24 year’s | 4th year 8th year 12th year 16th year 20th year 24th year |
10% 10% 10% 10% 10% Basic sum assured or accumulation fund, whichever is higher |
| At maturity in the 20th year, the balance lying in your accumulation fund for a Rs.500,000/- sum assured policy |
| Illustrated maturity benefit assuming a dividend rate of 7% per annum. Rs. 950,000/- |
| Illustrated maturity benefit assuming a dividend rate of 9% per annum. Rs. 1,180,000/- |
(This is an Illustration only)
If you are a female aged between 18-58 years you are eligible to purchase this policy for a period of 12, 16, 20 or 24 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 Saubhagya 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.
