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Contact: +94 77 4170800 (Chaminda) Contact: +94 77 3779627 (Anjana) Contact: +94 77 4170800 (Chaminda)
Why we can be trusted to do the
job....????
Over 50 years of Experience in
serving the nation
Sri Lanka Insurance Corporation is
having over 50 years of experience &
expertise offers a wide array of
Insurance solutions tha meet diverse
consumer needs.
An Asset base of over Rs.90 Billion
The strength & stability of Sri Lanka
Insurance Corporation is further affirmed
by an unsurpassed Asset base of over
Rs.90 Billion under management.
A Life Fund of over Rs.50 Billion
The Sri Lanka Insurance Corporation has
the largest Life Insurance fund in the
industry managed professionally.
Currently stands of over Rs.50 Billion. As
a result when you get a (participatory)
life insurance policy from Sri Lanka
Insurance Corporation, you will become
a member of this life fund.
Over 150+ Branches
Sri Lanka Insurance Corporation has a
large distribution network that offers
customer convenience when purchasing
a policy, paying premiums or intimating
a claim.
AAA RAM Ratings
Sri Lanka Insurance Corporation is the
only insurance company in Sri Lanka to
achieve AAA, and has the highest ‘long
term claim paying ability’ rating offered
by RAM. This confirms Sri Lanka
Insurance’s superior capacity to meet
financial obligations to policy holders.
AA (lka) Fitch Ratings
Sri Lanka Insurance Corporation is the
first insurance company in Sri Lanka to
be assigned a global rating for financial
strength & stability by an international
rating agency – FitchRating (London).
This is an independent assurance on the
company’s long term financial
sustainability.
Sri Lanka Insurance Corporation Ltd.
Like a Father – Like a Mother
Is your precious Child’s
future financially ever safe.?,
even after untimely demise
of a parent..??, are you
willing to take that RISK for
your lovedones...???
Now you have a choice..., a simple
“CHILD PLAN” that provides FUNDS
for your Child that is WORTH MORE
than a Childrens’ Savings Account
OR Fixed Deposit in a Bank.
A “CHILD PLAN” not only gives your
Child a huge fund (a better
tomorrow), but also provides LIFE
COVERS FOR BOTH PARENTS like
2 Birds in 1 Stone.
A “CHILD PLAN” that the premiums
will be WAIVED-OFF, but the
FUNDS at maturity will be available
to your Child without any changes,
even in the event of demise of a
single parent.
Contact: +94 77 4170800 (Chaminda) Contact: +94 77 3779627 (Anjana) Contact: +94 77 4170800 (Chaminda)
This new “CHILD PLAN” from Sri
Lanka Insurance Corporation Ltd.,
gurantees a FUND for the child at
maturity even after an untimely demise
of a parent, such fund will be available to
the child.
At the same time this plan also provides
a LIFE COVER for BOTH PARENTS
thus making it a joint life plan. The fund
for the Child will be given in Four (04)
instalments which will be released within
04 year period and only a One (01)
Child can be named as a Beneficiary
under this plan.
Basic Sum Assured
The guaranteed lump-sum amount to be
paid to the Child OR the surviving Parent
OR the Guardian in case of a death of
One (01) of the parents during the policy
term will be DOUBLED and the
BONUSES accumulated till death of one
of the Parents OR Guardian also will be
released to the Beneficiary.
The basic sum assured will be paid at the
first death of one of the parents and the
claim is restricted to a single event.
Once the death claim is paid, premiums
for the Basic sum Assured will be
waived-off and the fund at maurity will
be provided to the Child without any
change.
Year At the
Maturity
1st Year after
Maturity
2nd Year after
Maturity
3rd Year after
Maturity
The
Fund
35% of
the
Sum
Assured
+
Bonus
35% of
the
Sum
Assured
35% of
the
Sum
Assured
35% of
the
Sum
Assured
Therefore, the Child will receive 140% of
the Sum Assured guranteed with the
accumulated Bonuses.
If One (01) of the parents die during the
fund payment period, the balance
payments will be doubled which will
increase upto 70% of the Sum Assured.
Term of the Plan
Depending on the current Age of the
Child and the Fund required age, Parents
can decide on terms between 05 and 20
years. However, the maximum Age of
the Child at maturity should not exceed
Age 21 years. Therefore, Children
between 01 month to 15 years of age
can be named as nominees of this
Insurance Plan.
For an example; Parents can buy this
Plan for a 06 year term for a Child aged
2 years. Then the Child will receive the
Funds from Age 08 years onwards.
Sim
ple
com
pari
son b
etw
een t
he “
CH
ILD
PLA
N” w
ith C
hild’s
Savin
g &
a F
ixed D
eposit (
FD
)
Fath
er’s Age 30 y
ears
Term
of th
e C
hild P
lan/
Deposit f
or
10 y
ears
Moth
er’s A
ge
25 y
ears
Basic
Sum
Assure
d/
Valu
e o
f D
eposit
Child’s
Age
05 y
ears
expecte
d in 1
0 y
ears
so:
Rs.1
,000,0
00/-
Benefits
on S
urv
ival of
the P
are
nts
of
“CH
ILD
PLA
N”
on m
atu
rity
In
Year
– 2
030
n
Year
2031
In
Year
2032
In Y
ear
2033
Educational Fund Rs.3
50,0
00/-
+ B
onus R
s.3
50,0
00/-
Rs.3
50,0
00/-
Rs.3
50,0
00/-
Upon
Natu
ral death
of
1st Pare
nt
=>
Rs.2
,000,0
00/-
& 2
nd P
are
nt
=>
Rs.2
,000,0
00/-
Upon
Accid
enta
l death
of
1st Pare
nt
=>
Rs.2
,000,0
00/-
& 2
nd P
are
nt
=>
Rs.2
,000,0
00/-
Waver
of
Futu
re P
rem
ium
s a
nd P
olicy c
ontinues w
ith M
atu
rity
benefits
up t
o Y
ear
2030
* Expecte
d B
onus V
alu
e is R
s.7
50,0
00/-
Child P
lan in 1
0
Years
(Sum
Assure
d
WIT
H B
onuses)
Child’s
Savin
gs in 1
0
years
WIT
H
Cum
ula
tive I
nte
rest
FD
in 1
0 y
ears
WIT
H
Inte
rest
(if
ON
LY
the initia
l
deposit is R
s.5
00,0
00/-
)
Rs.7
,87
5/
- R
s.2
,15
0,0
00
/-
Rs.1
,19
0,7
30
/9
3
Rs.1
,29
6,8
71
/2
3
Continues B
asic
Month
ly P
rem
ium
/
Deposit