Below are retirement (pension/annuity-style) life‑insurance products in Sri Lanka that are widely recommended or prominent in the market, with the key features to compare. I’ve listed well‑known providers and the specific retirement products they promote so you can check brochures/quotes and pick what fits you best.

Top plans (what they are and why people choose them)

• Ceylinco Life — Pension Saver (retirement cum life‑protection plan). Features: builds a pension fund with declared dividends, loyalty rewards, option for monthly pension after maturity, life cover and premium assurance if the life assured dies before retirement. Good if you want a managed fund + life cover from a market leader. (ceylincolife.com)

• AIA Sri Lanka — AIA Smart Pensions Plus / AIA Easy Pensions Plus. Features: pension fund with declared dividends, “pension booster” (higher payouts), inflation‑linked/growing monthly income options, packaged health/hospital cash benefits and premium waiver on death/TPD. Suited to customers who want integrated health cover and flexible pension payout options. (aialife.com.lk)

• Janashakthi Life — LifeSaver / Dream Saver (retirement / annuity‑style offerings). Features: pension accumulation with options for lump‑sum or regular tax‑free income at retirement, flexible top‑ups, single‑premium annuity variants (Dream Saver) for higher guaranteed dividends. Good if you want single‑premium annuity alternatives or flexible payout terms. (vivalanka.com)

• HNB Assurance — My Pension / FamilyGuard (single premium or regular premium pension products, plus new offerings targeted at overseas workers). Features: guaranteed monthly lifetime pension options (single premium annuity available), death/disability benefits, bancassurance distribution (HNB network). Good for buyers seeking guaranteed lifetime annuity and strong bancassurance support. (hnbassuranceblog.wordpress.com)

• Union Assurance — Union Pension Advantage (retirement savings + life protection). Features: pension accumulation, calculators/tools to estimate retirement needs, digital servicing (Clicklife app) and optional health benefits—attractive for digitally‑savvy customers seeking convenience. (unionassurance.com)

Quick comparison points (what to check in each plan)

• Guaranteed vs. participating/market‑linked returns: does the product pay a guaranteed annuity or depend on declared dividends? (Guarantees give certainty; participating funds can outperform but fluctuate). — check the product brochure. (ceylincolife.com)
• Payout format: lump sum at maturity, fixed‑term pension, or lifetime annuity — choose based on longevity risk and liquidity needs. (vivalanka.com)
• Premium waiver / death & disability cover: many pension plans waive future premiums or pay a life benefit if you die or become permanently disabled before retirement. Confirm exact terms and beneficiary options. (aialife.com.lk)
• Additional benefits: health/hospital cash riders, partial withdrawals, top‑ups, loyalty/bonus credits — these materially affect outcomes and flexibility. (aialife.com.lk)
• Charges, surrender / early‑withdrawal rules and tax treatment: check policy fees, surrender values and current tax rules (tax rules can change; verify with the insurer or a tax advisor). (hnbassurance.com)

Market & regulatory notes

• All insurers must be licensed and supervised by the Insurance Regulatory Commission of Sri Lanka (IRCSL); always confirm the company/product is regulated and read the official policy wording before buying. (insuranceombudsman.lk)

Practical next steps (how to choose and buy)

1. Decide priorities: guaranteed lifetime income vs. higher potential returns; need for health cover; access to funds before retirement.
2. Get illustrations/quotes from 2–3 insurers for the same contribution and retirement age; ask for projections (best, expected, and conservative scenarios).
3. Read the policy document carefully: guarantees, charge structure, surrender values, exclusions, and how dividends/bonuses are declared.
4. Check insurer financial strength / ratings and customer service reputation (claims settlement record).
5. If unsure, consult a licensed financial adviser or insurer representative and compare net projected pension after fees.

If you’d like, I can:

• prepare a short side‑by‑side checklist you can use to compare 2–3 specific plans (I’ll include the exact items to request from insurers), or
• pull the brochure links and entry‑age/premium examples for any two plans you name.

(References: product pages and company announcements for the plans above and the Sri Lanka insurance regulator.) (ceylincolife.com)