Union Assurance launches innovative retirement calculator

Thursday, 12 October 2023 00:00 - - {{hitsCtrl.values.hits}}

In recognition of World Elders Day on 1 October, Sri Lanka’s leading Life Insurer, Union Assurance is proud to announce the launch of the ‘Union Assurance Retirement Calculator’.

As Sri Lanka grapples with one of the fastest ageing populations in South Asia, this initiative underscores the company’s commitment to educate the public on the importance of financial preparedness for retirement. The Union Assurance Retirement Calculator is a user-friendly online tool available on the website at www.unionassurance.com/retirementcalculator. It empowers individuals to assess their financial readiness for retirement by simply entering current age, intended retirement age, ideal monthly income desired in today’s terms and current savings designated for retirement (optional).

What sets this calculator apart is its comprehensive approach, where the impact of inflation and interest rates has been considered in the calculations, providing users with a realistic perspective of how these factors will affect their financial requirements during retirement.

Retirement is a reality that everyone will face, regardless of age or circumstances. The company encourages everyone to visit the Union Assurance Retirement Calculator and evaluate their readiness to embrace a comfortable retirement.

Union Assurance is a subsidiary of the John Keells Group, one of Sri Lanka’s largest listed conglomerates. The company has completed over three decades of success with a Market Capitalisation of Rs. 18.0 billion, and a Life Fund of Rs. 60.4 billion as of end-June 2023. Set to protect the lives and enriching the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover health, investment, protection, retirement, and education needs of Sri Lankans. With an island-wide branch network and an over 4,000-strong workforce, Union Assurance continues to invest in people, products, and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.