Women play a crucial role in today’s world. They are mothers, breadwinners, daughters, leaders and powerful personalities who relentlessly pursue their goals. They have the power to achieve wonders, all the while juggling the many aspects of their lives.
Ceylinco Life Saubhagya is a life insurance plan that celebrates the dreams of devoted, driven women. It is made with special consideration for their future.
How it works
Saubhagya provides a unique offering where periodic lump sum payments are paid to the policyholder during the policy term while also providing a life cover and a maturity at the end of the term if the policyholder is still living.
Benefits
The benefits of this plan are threefold.
Once you purchase a Saubhagya policy you will receive generous lump sum payments every 4 years of your policy term.
At the end of the term, the policyholder can enjoy the added benefit of receiving the assured sum of the policy or the accumulated fund, whichever is higher, with no deductions of the lump sum already paid.
Furthermore, there is an inbuilt life insurance cover where if unfortunate circumstances befall the policyholder, the basic sum assured of the policy or the accumulated fund, whichever is higher, will be paid to her beneficiaries.
Example:
If the policyholder is 30 years old, and she obtains a Saubhagya policy for a basic cover of Rs.500,000/- for 20 years, she 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 |
20% |
|
16 year’s |
4th year |
15% |
|
20 year’s |
4th year |
12% |
|
24 year’s |
4th year |
10% |
– Illustrated Maturity payable at the end of the 20th Year assuming a dividend rate of 6% p.a. 914,087.00
– Illustrated Maturity payable at the end of the 20th Year assuming a dividend rate of 12% p.a. 1,693,154.00
– Illustrated Maturity payable at the end of the 20th Year assuming a dividend rate of 18% p.a. 3,261,919.00
Who can apply
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.
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 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.
