Compare Retirement Schemes in Sri Lanka
Why do I need a Retirement Plan?
To live the retirement life free of financial difficulties
To have money for monthly expenses
For a guaranteed monthly benefit
|Institution Name||Product Name||Age||Eligibility||Retirement Benefit||If Contribution not paid||More|
|BOC Abhimana Retirement Scheme||Above 18||Any Sri Lankan individual above 18 years of age
Private sector employees
Semi-government employees (Government Corporations / Boards / Authorities)
Self employed persons
Non – resident Sri Lankans(not for dual citizenship holders)
Retired persons (by paying Provident Fund or Savings as a Lump sum)
Private sector employers (for their employees through joint contributions)
|Monthly retirement benefits will be credited to the Savings Account and can be withdrawn from any BOC branch or from an ATM etc.||Retirement plan can be activated by depositing the due amounts .
If you fail to make 12 consecutive monthly installments, the retirement plan will be terminated and outstanding amount will be returned.
|Future Pensions Plan||18 - 65||Any Sri Lankan (Resident or Non Resident) over the age of 18 to 65 can join Future Pensions Plan.||You can receive a monthly pension amount from Rs.10,000/- up to a maximum of Rs.100,000/-||If the monthly installments are not paid regularly for a period of 02 (Two) consecutive months, retirement plan will be discontinued and converted to an ordinary Savings Account. The applicable interest rate will be at prevailing ordinary Savings offered rate.||Go|
|NSB Pension +||Any Sri Lankan citizen who is over 16 years of age.||Sri Lankan citizen over 16 years of age||a life time pension and the nominee benefiting with the residual value or a periodic pension over a specified period of time with no residual value or the entire balance as a lump sum or a combination of any of the above||Go|
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