nirantharaRegardless of retirement life carries on smoothly as before when you secure a Niranthara retirement Life plan from LIC Lanka. Niranthara brings you financial benefits that help you enjoy a post-retirement lifestyle according to your wishes. With Niranthara, you get to decide your age of retirement and monthly income needed along with your preferred allocation of income which makes your life move to your plans.


Survival Benefit

On survival to the end of the selected accumulation period: Vested reversionary bonuses as a lump sum will be payable.

On survival to the end of each year after the accumulation period: 5% of the sum will be payable. The first survival benefit will be payable on survival to one year after the end of the accumulation period.

Maturity benefit:

On survival to the policy anniversary coinciding with or immediately following the completion of age 100 years, the sum assured will be payable.

Death benefit:

In case of death of the life assured during the accumulation period, sum assured along with vested reversionary bonuses is payable

In case of death of the life assured any time after the accumulation period, the sum assured is payable.

Accident benefit:

Accident benefit will be available under the plan during the chosen accumulation period or up to age 70 years whichever is earlier, by payment of an additional premium for an amount not exceeding the basic sum assured subject to an overall limit of SLRs 2,000,000 taking all the existing policies of the life assured under individual as well as group schemes with LIC Lanka and other insurance companies.

Total permanent Disability due to accident:

All future premiums are waived

Additional sum assured paid in monthly installments over a period of 10 years

Upon maturity/Death-sum assured+ Accrued Bonuses will be payable.


No loan facility is available under this plan


Adults both male and female, aged between 25 and 60 years

Minimum sum assured is Rs. 200,000 through there is no upper limit. Amounts over the minimum sum assured should be in multiples of Rs. 10,000

Minimum age at which annuity starts is upon completion of 45 years

Maximum age at which premium payment ceases is 70 years

Premium paying periods are 10,15 or 20 years