Janashakthi LifeSaver retirement plan introduced
Janashakthi Insurance launched ‘Janashakthi LifeSaver’ retirement
plan which offers a secure pension for the policyholder and the spouse
for their entire lifetime upon retirement.
Janashakthi LifeSaver retirement plan offers a sensible, flexible and
tax effective way to save for retirement. “The world's population is
ageing at an accelerated rate. In a few decades people aged 65 and over
will comprise a greater share of the world's population.
Chairman Janashakthi Insurance, Chandra Chaffter unveiling
the logo. Picture by Sumanachandra Ariyawansa |
This is especially true in the case of Sri Lanka. Individuals are
increasingly becoming independent, therefore each of these individuals
will look to be self-reliant and enjoy life on their own terms once they
reach their prime.
In this backdrop, it is essential that the current workforce start
planning for retirement from an early age. As a responsible and a
pioneering insurer we have introduced a retirement plan that allows the
policyholders to secure a regular income for as long as they live, and
even provide for spouse if he or she survives, while acquiring a life
insurance policy to provide an additional safety net for their
dependents, said, Shehara De Silva, General Manager, Sales and
Marketing.
There are many inbuilt special features in the Janashakthi LifeSaver
retirement plan which ensures maximum benefits and flexibility in
investing to the policyholders. The unique aspect of this policy is that
any professional of any age, looking for a comprehensive retirement plan
can invest in this scheme. There is no age limit to commence the plan,
which means that it is possible to start investing in this scheme at any
time depending on each individual's requirement. Janashakthi LifeSaver
allows the policyholders to invest any amount of money at any time
subjected to a minimum of Rs. 1000/=.
Further the policy will never lapse upon completion of 12 months
which safeguards policy holders’ investments and guarantees a secure
future. Joint lifetime pension for the policy holder and his or her
spouse is yet another unique benefit of this retirement plan.
Janashakthi LifeSaver retirement plan comes with a substantial life
cover that includes protection from total permanent disability due to
accident or sickness. The retirement plan offers a chance to receive the
benefits in several ways, depending on the policyholder's preference.
The money they invest builds up into a pot, which grows each year.
The flexible nature of the investment permits the policy holders to top
up their investments whenever they receive an additional income which in
turn will increase the value of the pension upon retirement.
“Our retirement plan advisors will ensure that each policyholder opt
for a plan that suits their individual requirements. As a first step
clients can talk to one of our pension plan advisors, who will help them
to calculate how much income they are likely to need in the retirement
years, and how much they will need to save in order to receive the level
of income they would like from this plan during retirement; whether it
is to cover basic expenses, or to supplement the income they may have
from other sources so that they will be able to spend more on things
they enjoy.” added De Silva, |