Retirement Plans

Retirement planning shouldn’t be complicated or time consuming. It most certainly should not hamper one’s present financial situation.

Ceylinco Life’s simple and flexible retirement solutions help you plan the retirement of your dreams.

How does it work

Ceylinco Life Retirement plans assist you in building a substantial fund for your retirement by making periodic payments to your personal account. This would then accumulate through a declared monthly accumulation rate.

Your fund will grow with a compounding effect, therefore steadily creating a nest age to help you enjoy a happy retirement.

Benefits

Your account balance will grow throughout the policy term, where at the end, you will have amassed a significant retirement fund. You will have the option of obtaining this fund as a lump sum or may even consider using it as a monthly pension.

You will also be protected through a life insurance cover that is embedded in the retirement plan, therefore giving you further peace of mind.

Example: The maturity received for a monthly premium of Rs. 5,000/- at age 60:

Your Current Age6%12%18%
Amount paid at Maturity (Rs.)
236,622,81428,321,145133,418,766
255,853,49522,743,71196,874,922
275,160,53618,243,72570,312,782
294,536,35814,613,04551,005,911

*This is only an example for the maturity benefit and the actual returns may vary as per the monthly accumulation rates declared based on the fluctuating market conditions.

The maturity value received for a single premium of Rs. 2,000,000/- at age 60:

Your Current AgeIllustrated amount paid at the maturity (Rs.)
6%12%18%
309,131,21047,631,368227,935,828
357,031,22727,850,631102,667,893
376,333,33122,470,45374,624,850
395,704,70718,129,61754,241,576

*This is only an example for the maturity benefit and the actual returns may vary as per the monthly accumulation rates declared based on the fluctuating market conditions.

Who can apply

Anyone aged between 18-65 years is eligible to purchase this policy. This policy can be obtained for a minimum of 5 years.

Payment Modes

This policy can be paid in Monthly, Quarterly, Half-Yearly and Annual modes.

You also have the option of investing in this plan as a single lump sum and without requiring you to make any subsequent payments.

Furthermore if you feel that you wish to increase your investment to your retirement plan the option of making a top-up is also available.

Additional Benefits

Ceylinco Life Retirement 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.