Ceylinco Life launches ‘Guru Abhiman’ plan
An exclusive retirement plan designed specifically to enable teachers to save for their retirement has been launched by Ceylinco Life in recognition of the societal importance of this segment.
Branded ‘Guru Abhiman’ as a tribute to the demographic, the plan provides a means for teachers to receive monthly payments or a lump sum within 10 years of commencement or at the time of their retirement.
Starting at just Rs.1,500 a month, the Guru Abhiman retirement plan offers teachers the option of saving monthly, quarterly, half-yearly or annually for an agreed period. It offers tax-free returns unlike other savings plans in the market and provides adequate savings to experience a comfortable and independent retirement in the midst of the rising living costs. The plan also offers higher returns at maturity by calculating interest on the accumulated account balance on a monthly basis. Commenting on the launch of this unique retirement plan, Ceylinco Life Director/ Deputy CEO Thushara Ranasinghe said, “The launch of Guru Abhiman aligns with our view that teaching is a valued profession and that it is important to uplift the lives of retired teachers financially, as a tribute to their dedicated service. We are aware of the problem of teachers having limited welfare facilities and social security despite the pivotal role they play shaping the future generations.”