Life Insurance
HNB Assurance PLC offers a wide variety of Life Insurance policies in Sri Lanka. We have life insurance plans such as Mychild (childrens insurance), My Life (youth insurance), MyFund (wealth management) and Mypension (retirement planning) which are tailor made for every season of your life. We provide opportunities for seasonal income earners to maximize their finances. Life insurance packages.
We encourage you to take a look at the various mortgage plans, group insurance plans, retirement plans and Takaful solutions to see which option is best for your needs.
Ranmaga is a unique life policy that increases the sum assured by 5% every year, while the premium payment remain the same. This is an investment plan with added financial benefits for protection.*
Tailor made plan to suit your own needs
Select your insurance policy from 10, 15, 20 and 25 year terms
Additional covers according to your choice, up to 65 years of age and Life cover extending up to 70 years of age
Annual, half yearly, quarterly or monthly premium payment options at your convenience
A 10 year free life cover equal to the initial basic sum assured after maturity, up to 70 years of age
Equal premium amount to be paid throughout the period even though the basic sum assured increases by 5% every year, giving you an advantage over the increasing cost of living.
Dividends declared by the company will be added to your fund account during the period of cover, enhancing your maturity benefit
In case of demise before the end of insured period, your loved ones will be paid the higher of Sum Assured or fund balance
Additional life benefits, to increase life cover up to 7 times the basic sum assured if death is due to an accident or natural
Accidental death cover up to 5 times the basic sum assured if death is due to an accident
In the event of total and permanent disablement due to an accident, the benefit will be paid in 10 installments
If total and permanent disablement is the result of either an accident or illness the premium payments for the remainder of the period will be waived
Financial benefits for permanent partial disablement.
Cover for 29 critical illnesses.
Payment of up to a maximum of Rs.10,000 per day for hospitalization, paid from the date of admission
Surgery benefit up to Rs. 1,000,000
Family income benefit up to Rs.200,000
Covers to protect your spouse with above additional covers as well
Critical illness benefits for 15 illnesses and hospitalization benefit, surgery benefit and medical reimbursement for children
A percentage of sum assured is paid for each listed surgery
Payments are made for unlisted surgeries as well
Natural Death - Fund Value OR Sum Assured + 5% × Term(up to death)+ ALB
Accidental Death - Fund Value OR Sum Assured + 5% × Term (up to death)+ ALB+ ADB
More information can be obtained from the nearest HNB Assurance Branch or from our help line on 0114384384
Apply for life insurance
The unique PRADEEPA plan is more than life insurance as we know it.
Sum Assured, together with accrued bonus at the end of the selected period or at premature death
A bonus at the end of every year
Where a maturity payment is made, life cover equal to the basic sum assured will continue for a period of additional ten(10) years or until the life assured reaches the age of seventy(70)
Accidental death benefit
Total permanent disability due to accident or sickness in the event of which, supplementary income will be provided and premiums waived
Accidental permanent partial disability benefit according to extent of disability
Critical illness cover on 29 ailments. On diagnosis, cash will be made available
Hospitalisation benefits
Medical reimbursement critical illness and hospitalization benefit for children can be added
As importantly, the new and high-benefit “PRADEEPA” policy can be tailored to fit specific needs
Period: 5 to 40 years You can choose)
Life cover up to 70 years · Chosen additional benefits up to 65 years
Premium according to your ability to pay
Maturity - Sum Assured + Bonus
Natural Death - Sum Assured + Additional Life Benefit (ALB)
Accidental Death - Sum Assured + Accidental Death Benefit + Additional Life Benefit
More information can be obtained from the nearest HNB Assurance Branch or from our help line on 0114384384
Endowment policy with participation in profits, with part payments and with extended life cover for ten years or up to age 70 years, whichever is earlier after maturity.
This policy can be issued for terms of 10, 15 and 20 years. The maximum age at expiry, including the extended period of life cover, should not exceed 70 years.
Part payment of 15% and 20% of the basic sum assured at the expiry of 4 and 7 years respectively and the balance 65.00% of the basic sum assured at the maturity date for policies with term 10 years.
Part payment of 15% and 20% of the basic sum assured at the expiry of 5 and 10 years respectively and the balance 65% of the basic sum assured at the maturity date for policies with term 15 years.
Part payment of 10%, 15% and 20% of the basic sum assured at the expiry of 5, 10 and 15 years respectively and the balance 55% of the basic sum assured at the maturity date for policies with term 20 years.
At maturity, the basic sum assured with accrued bonus will be paid.
On death, the full basic sum assured plus accrued bonus up to the date death will be paid. Full Sum assured will be paid without considering paid early life benefits.
Where a maturity payment is made, life cover equal to the basic sum assured will continue for a period of additional ten(10) years or until the life assured reaches the age of seventy(70).
The following riders can be added to this policy.
Additional life benefit
Accidental Death Benefit
Total Permanent Disability Due to accident or sickness
Total Permanent Disability Due to accident only
Partial Permanent Disability Due to accident only
Critical illness benefit covering 28 illnesses
Hospitalization Benefit
Above 1 – 6 benefits for spouse
Maturity - Sum Assured + Bonus
Example: If the number of terms = 10 years
After 4 years: Sum Assured × 15%
After 7 years: Sum Assured × 20%
Another 65% will be provided on maturity with the BONUS amount
Death - Full Sum assured will be paid without considering paid early life benefits
More information can be obtained from the nearest HNB Assurance Branch or from our help line on 0114384384
Innovative insurance solutions provider, HNB Assurance has added further value to its product range, with the introduction of Ran Aswanu. An insurance policy designed to cover seasonal income earners. Ran Aswanu never burdens the customer as the premium payments can be done at one's leisure. Even if the premium payments get delayed the policy will never lapse.
Maturity - Double the sum assured together with accrued bonus on death prior to maturity
Specified for - Seasonal income earners
No specific day for premium payment during the year
Additional Benefits - HB, CIB, TPD & PPD accidents only
More information can be obtained from the nearest HNB Assurance Branch or from our help line on 0114384384
Youth is the summer of life. It is also a time of dreams, aspirations and many far-reaching decisions. The decisions we make during our youth have a momentous impact on our lives.
mylife by HNB Assurance is a very special kind of youth insurance policy that helps young people transform their dreams to reality. It is an exceptional product that adds new meaning to the lives of youth by giving them the gift of a promising and hassle-free life.
Out of the events mentioned below for a selected 3 situations, Mylife allows withdrawals of 15% of the sum assured for each of the following life situations whether planned or unplanned, before maturity a total of 45% of the sum assured can be withdrawn.
Your child’s school admission
Whole life insurance calculator
The purchase of your Vehicle
Emergency hospitalization
Accident (Own/spouse/child)
My Life further secures both you and your loved ones with following benefits
Sum assured is payable in case of loss of life
Loss of life due to an accident will result in the payment of double the sum assured.
In the event of your demise, even after enjoying the early life benefits we will pay the sum assured in full, to protect your loved ones.
Profits of the life fund will be shared with you as bonuses.
Free Life cover will continue for an additional 5 years after maturity equal to sum assured.
You do not have to go through the hassle of medical tests if the sum assured is below Rs.7,500,000/-
All My life policy holders receive a my life membership card.
Monthly, Quarterly half yearly or annually.
Maturity - Sum Assured + Bonus
Natural Death - Two times of sum assured + Bonus + ALB
Accidental Death - Two times of sum assured + Bonus + ADB + ALB
Fixed policy term - 15 years
Free life cover will be given for further 5 years equivalent to sum assured.
Family income benefit and MR (Medical Reimbursement) benefit has not included for this policy
More information can be obtained from the nearest HNB Assurance Branch or from our Customer Relation Centre on 0114384384
Latest News [ Archive ]
HNB Assurance PLC (HNBA) is the proud sponsor of the Sri Lanka Deaf Cricket…
HNB Assurance PLC (HNBA) released its Integrated Annual Report for the…
Celebrating this International Women’s Day and paying tribute to the…
Continuing the healthy living initiative, HNB Assurance PLC (HNBA) held…
HNB Assurance PLC (HNBA) walked home with another top award for its 2015…
Comments
There are no comments for this post "Life Insurance Plans: Life Insurance for all ages, HNB Assurance". Be the first to comment...
Add Comment