Updated On: 27th August 2019
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 |
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Monthly retirement benefits will be credited to the Savings Account and can be withdrawn from any BOC branch or from an ATM etc.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. |
Go |
 Commercial Bank |
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 |
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 |
Disclaimer: Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated . Users are advised to recheck the same with the individual companies / organizations. Ideabeam.com does not take any responsibility for any sudden / uninformed changes in interest rates.
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