Savings
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Retirement · Critical Illness Protection
Maximum Maturity Age
Issue Age
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We all want different things at retirement, but we all desire to be financially independent to continue the lifestyle we know. Whilst having enough money to face life's unexpected surprises, without being a burden to anyone. That's why a monthly income in retirement is required. AIA Smart Pensions cannot only guarantee an income in retirement, but one that keeps growing to combat inflation. With AIA Smart Pensions you can continue living life to its fullest, long after retirement.
A retirement fund | A growing monthly penison
Your Pension Fund will be managed by professionals and continue to grow each year. To make your Pension Fund even bigger, we will add a Loyalty Reward of up to 1,750% of your annual premium. All you have to do is pay your premiums on time.
Premium Paying Term |
Premium Payment Mode |
|||
Annual |
Half Yearly |
Quarterly |
Monthly |
|
15 – 19 |
825% |
700% |
650% |
625% |
20 – 24 |
1,225% |
1,050% |
1,000% |
975% |
25 and above |
1,750% |
1,500% |
1,450% |
1,425% |
Your pension fund will earn dividends each year and continue to grow over time to help you to counter the effects of inflation.
If you die or become totally and permanently disabled, we will pay all your remaining premiums and ensure your loved ones receive the Pension Fund you planned for them.
In the unfortunate event of your death, we will help your loved ones by paying the Life Benefit with the option to collect it as a lump sum or receive it as a monthly income untill the selected retirement date.
AIA will pay a Funeral Expense Benefit worth 5 times your annual Basic Premium (up to a maximum of Rs. 500,000) as a free benefit.
After the third Policy Year, you can withdraw up tp 15% of your Pension Fund, as a one-time withdrawal during the Premium Paying Term.
What does "Total and Permanent Disability" mean?
Total and Permanent Disability means you are disabled and unable to work or earn money for the rest of your life.
What do we mean by "critical illness protection"?
In an unfortunate event of diagnosis of a covered critical illness such as cancer, AIA provides you with cash compensation for heavy medical expenses to ease your burden, and face difficulties together.
Additional options are available for you to customise your cover to make sure it suits your individual needs.
If you die from an accident or if you are not able to work due to an accident, we will provide financial protection for your family and ensure their lifestyle is maintained.
This benefit is designed to complement your life insurance plan to turn it into a total health care plan. Under this cover, your whole family's medical expenses can be reimbursed for hospitalization, surgery and day care procedures in Sri Lanka.
This benefit provides a daily cash payment of up to LKR 10,000 (from the very first day onwards) if you are hospitalized for more than 3 days. The amount you receive will double if admitted to an Intensive Care Unit. Furthermore, you can extend this cover for your spouse and children as well.
Under this cover, you and your family's medical expenses can be individually reimbursed for hospitalization, surgery and day care procedures in Sri Lanka.
Under this cover, we will provide financial assistance for 250 listed surgeries performed in Sri Lanka, India or Singapore. Furthermore you can extend this cover for your spouse as well.
If you meet with a sudden death or become disabled and are unable to work, we will provide your family a monthly income (up to a maximum of 10 years during the policy term).
Provides a life cover for your spouse on your policy.
Under this cover, we will provide financial assistance for 250 listed surgeries performed in Sri Lanka, India or Singapore for your child. If your child is under 12 years, we will also provide you with an allowance so that you can be with your child.
If the Life Assured is not the Policy Owner the benefits provided by this policy will be applicable to the Policy Owner, whilst the covers are applicable to the Life Assured. This product can be obtained only from a licensed AIA Wealth Planner or Bancassurance executive.
This page is only a product overview. For full product details please refer the policy document.
You may cancel this insurance policy by returning it to Us within fourteen (14) days from the date You received it. Then We will pay your premiums back to you after deducting the expenses relating to your insurance policy.
If Life Assured commit suicide (while in sound mind or otherwise) during the first year of the policy or the re-instatement;
We will pay the premiums you have paid after deducting the expenses relating to your insurance policy;
or
Where the policy is assigned to a third party if the third party proves that there isn’t any other way to recover the money paid for the assignment, We will make that payment to him (but not more than the amount payable upon your death)
We will pay only the Surrender Value, if the death of the Life Assured was resulted due to the Life Assured taking part or while trying to take part in any war, invasion, act of foreign enemies, hostilities or war like operations, civil war, mutiny, riot, strike, civil commotion assuming the proportions of or amounting to a popular uprising, military uprising, insurrection, rebellion, military or usurped power or any act of any person acting for any organization which works with the aim to forcibly remove any government from power by terrorism or violence.
If the reason for the death claim was Acquired immunodeficiency syndrome (AIDS) or human immunodeficiency virus (HIV) we will only pay the balance of the Investment Account as it was on the date on which We receive the notice of your death.
During the first three policy years if you do not pay your premiums on the due date you will have an additional thirty (30) days to pay premiums.
After the policy begins there will be a waiting period of 3 months to enjoy the additional health benefits. For Angioplasty benefit this period will be for 12 months.
A rate declared by the Company for each year that will be used as the basis to credit dividend to the Investment Account. The Annual Dividend Rate applicable for the previous year will be declared during the first six (6) months of the current year.A Guaranteed Dividend Rate declared by the Company that will be used as the basic for any benefit calculated based on the Investment Account balance until the Annual Dividend Rate for the respective year is declared. The Guaranteed Dividend Rate for the following year will be declared during the last three (3) months of the current year.
You can take away upto 15% of the Investment Account balance after your policy obtained the surrender value.