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Retirement
Maximum Maturity Age
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You have worked hard to become very successful at a young age. Now you have earned the right to sit back and reflect on your life achievements. AIA provides you the ideal early retirement plan with AIA Pensions Plus. Just tell us when you plan to retire, how much you will need as a monthly pension and for how long you will need that pension to enjoy the happy retirement you deserve.
A monthly pension | Life protection for you and your spouse
You will receive a monthly pension starting from your chosen retirement age for a period of 10 – 30 years. If you die or are unable to pay your payments due to a Total and Permanent Disability that stops you from making a living, we will pay the payments on your behalf ensuring you and your loved ones a monthly pension from the chosen retirement date.
Your pension fund will earn dividends each year and continue to grow over time.
AIA Pensions Plus offers you the option to select the amount of protection you need to ensure those you may leave behind are taken care of in your absence.
Inflation Guard is designed to protect your pensions fund against inflation so that your money does not lose its value in the future.
If you face an emergency 3 years into the policy term, you have the option to withdraw up to 15% of the pension fund, once during the premium paying term.
You can decide to pay your premium either monthly, quarterly, half yearly or annually. The minimum annual basic premium is LKR 60,000 and the a minimum top-up amount is LKR 10,000.
What do we mean by "Total and Permanent Disability"?
Total and Permanent Disability means you are disabled and unable to work or earn money for the rest of your life.
What “Premium Paying Term" means
The period during which you need to pay your premiums to be covered by the policy.
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 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.
A critical illness not only affects your physical health but your financial health as well. With a critical illness cover, we will provide you and your spouse with financial support for 22 listed illnesses so you can focus on getting better.
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 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.