5 Benefits of Life Insurance for Retirees
Life insurance in Sri Lanka is a contract between an individual and the best life insurance company in Sri Lanka , that provides financial protection to the policyholder's beneficiaries in the event of the policyholder's death. It is designed to provide a lump sum payment, known as the death benefit, to the designated beneficiaries upon the insured person's death. These are very different from retirement plans in Sri Lanka , which generally offer a steady income for the policyholder following th