Endowment Plan
We at Ceylinco Life seek to provide you with the highest level of security so that you have the freedom and confidence to reach your goals.
Ceylinco Life Endowment Plan is a simple product with a single-minded focus; keeping your loved ones secure while you work towards your goals. It also acts as a prudent financial investment to face any unexpected events without worry.
How it works
The beauty of the Endowment Plan is that it is simple to understand and focuses primarily on the component of protection.
By choosing a policy and paying a periodic premium, your life will be covered within the policy term of your choosing.
Benefits
In the event that unfortunate circumstances befall the policyholder, the life cover will immediately be paid to their beneficiaries along with any other additional benefits they are entitled to.
If the policyholder lives up until the maturity date, the assured sum of the policy will be paid back.
Example: If the policyholder is 30 years old and obtains a Ceylinco Life Endowment plan for a period of 20 years, the benefits received will be as follows:
Sum Assured |
Sum received in the event of death before maturity |
Maturity (at 50 years at the current bonus rate) |
|---|---|---|
|
Rs. 100,000 |
Rs. 100,000 + Bonus |
Rs. 190,000 |
|
Rs. 250,000 |
Rs. 250,000 + Bonus |
Rs. 475,000 |
|
Rs. 500,000 |
Rs. 500,000 + Bonus |
Rs. 950,000 |
|
Rs. 1,000,000 |
Rs. 1,000,000 + Bonus |
Rs. 1,900,000 |
Who can apply
If you are aged between 18-60 years you are eligible to purchase this policy for a period of 5-40 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 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
- Ceylinco Life Health Support Plus
Additional Benefits
Ceylinco Life Endowment 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.
