Ran Daru
As a parent, you do everything to ensure that your children can pursue their education and achieve their goals without interruption. A robust plan must be in place to financially support and steer your children towards their ambitions.
Ceylinco Life Randaru is the best plan to ensure that your child’s educational future is secure, no matter what uncertainties arise in the process.
How it works
Ceylinco Life Randaru consists of 2 educational funds to support your children and loved ones in their educational journey.
Benefits
If the policyholder is to pass away during the policy term, the Randaru Basic Education Fund will provide an immediate pay out of 5 times the sum assured to your beneficiaries in order to ensure that their education continues without interruption.
The Randaru Higher Education Fund will be a minimum of 5 times the value of the policy and will be paid to your child when they turn 18. They may use it for their higher education, for professional studies, or even to start their own business.
In the event of the untimely passing of a policyholder due to an accident, these funds will be doubled.
Given below is a chart illustrating an example of how your child will receive Randaru benefits.
Who can apply
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.
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
- Ceylinco Life Health Support Plus
Additional Benefits
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.
