Ceylinco Life unveils an asset building product with life coverage
A new life insurance product paradigm that offers protection and wealth accumulation with an emphasis on the latter has been launched by Ceylinco Life, raising the bar for investment options in Sri’s financial services industry. Lanka.
The “Ceylinco Life Future Saver” is designed to enable policyholders to plan their long-term goals by saving with passion for a short period of time when their financial stability is at its peak.
It offers protection for up to 25 years or more, for premium payments over 5 or 10 years, depending on the capacity of the insured and his aspirations to build up a wealth.
“Life insurance products must adapt in response to changing socio-economic dynamics,” said Samitha Hemachandra, chief marketing officer of Ceylinco Life. “Future Saver is a great example of a product that meets the aspirations of key demographics of the present, particularly millennials, young adults aged 25-45, SEC A customers, private sector executives and managers. and the public, professionals, businessmen and self-employed people. It also advances Ceylinco Life’s credo of reducing the risks of its clients’ ambitions with financial security that goes beyond life coverage. “
Ceylinco Life Future Saver creates a capitalization fund based on the monthly dividend rates declared by the company for the base premium paid by the policyholder, part of which finances a life insurance policy, while the remainder s ‘accumulates in the fund.