An enhanced retirement plan incorporating greater flexibility and additional benefits, has been launched by Ceylinco Life. An enhanced retirement plan incorporating greater flexibility and additional benefits, has been launched by Ceylinco Life. Among the key features of the Ceylinco Retirement Account (CRA) is its flexibility to adapt to individual customer requirements.
Each customer is given the option of deciding what premium he or she should pay, the age of retirement and how the retirement income should be paid back, making each Ceylinco Retirement Account a fully customized, completely customer-driven product, Ceylinco Life’s Chief Executive Director R. Renganathan said.
“Governments the world over are facing the problem of supporting the ageing population in the future. They are shifting from government sponsored pension plans to privately funded pension schemes. Unfortunately, there is insufficient attention being paid to this problem in Sri Lanka,” he said. “The CRA is a response to this need. The idea is to make a retirement plan available to the masses at a start-up cost they can afford.”