Below are well-known retirement / pension products and how to compare them in Sri Lanka (summary of features, pros/cons, and next steps). I checked insurer product pages and recent local coverage — see the cited sources after each section.

Top retirement / pension products to consider

• AIA Smart Pensions Plus (AIA Sri Lanka) — a long-standing, feature-rich pension plan that offers a growing monthly pension, loyalty rewards, optional health/hospital cover and premium waiver on death/total permanent disability. Strengths: inflation‑linked growth features, loyalty bonus and integrated health benefits. Check exact bonus rates, waiting periods and surrender/withdrawal rules before buying. (aialife.com.lk)

• AIA Easy Pensions Plus (AIA Sri Lanka) — simpler/flexible pension product from AIA with choice of lump‑sum or monthly income at maturity, loyalty rewards and packaged health/critical‑illness options. Good if you want pre‑set pension packages and easier entry. (aialife.com.lk)

• Ceylinco Life — “Pension Saver” and broader retirement suites (Ceylinco’s retirement plans) that combine a retirement fund with life protection, loyalty rewards and optional health riders. Ceylinco publishes illustrations showing how loyalty rewards and declared dividend/accumulation rates affect maturity; suitable if you want flexible contribution modes and a variety of riders. (ceylincolife.com)

• Arpico Insurance — newer “Smart Investment / Smart Investment Plan” style product marketed with options to convert maturity into a retirement fund (monthly pension), partial withdrawals, and the ability to direct some maturity to a health fund. Attractive if you want flexible post‑maturity choices and integrated health options, but check longevity of guarantees and loyalty/bonus mechanics. (ceylontoday.lk)

What to compare (quick checklist)

• Product type: guaranteed (traditional) pension vs. unit‑linked/participating with declared dividends. Guarantees and assumed returns differ widely.
• Loyalty/bonus mechanics: are loyalty rewards guaranteed or discretionary? How large and how are they credited?
• Guaranteed minimum benefits: death benefit, premium waiver, waiver on disability — what’s guaranteed vs. non‑guaranteed?
• Return assumptions / declared dividend history: insurers publish past declared rates but they’re not guaranteed. Look at a few years’ history.
• Fees, charges & surrender values: early surrender penalties and management charges can materially reduce effective return.
• Inflation protection: does the plan include increases in pension (cost‑of‑living features) or riders to protect real income?
• Liquidity: partial withdrawals, loans against policy, emergency withdrawal rules and timings.
• Optional riders: critical illness, hospital cash, premium waiver, accidental death — cost vs. value for you.
• Age limits and premium term flexibility: whether issue/retirement ages and premium‑paying terms suit your plan.
• Insurer strength & regulation: insurer solvency, credit/financial strength, market standing and regulatory compliance.

Trust & regulation — what to verify

• Confirm the insurer and product are licensed/regulated by the Insurance Regulatory Commission of Sri Lanka (IRCSL). Check IRCSL or official ombudsman listings if you want to confirm an insurer’s status. (Regulator contact/listings are public). (insuranceombudsman.lk)

Practical recommendations / next steps

1. Shortlist 3–4 insurers (for example AIA, Ceylinco Life, Arpico, plus one other large life insurer you prefer). Use product brochures to compare identical assumptions (premium, term, age). (aialife.com.lk)
2. Ask each insurer (or an independent licensed broker) for a personalised illustration showing: projected maturity/pension under conservative / moderate / optimistic dividend scenarios; surrender values at different years; fees and exact rider costs.
3. Focus on guaranteed elements (death/waiver) and real‑return prospects after fees and inflation. Don’t rely solely on headline loyalty percentages — read the fine print about how/when they’re paid.
4. Check the claims record / financial strength and read independent commentary (ratings/news) about the insurer and Sri Lanka’s insurance regulatory environment. Recent commentary (e.g., Fitch) notes the sector is developing and that regulation has been modernising — take insurer solvency seriously. (Adaderana.lk)
5. If the sums are significant, get a written recommendation from a licensed independent financial adviser or insurer‑approved wealth planner and compare at least two offers in writing.

If you’d like, I can:

• Prepare an apples‑to‑apples comparison template (you populate product illustrations) to compare two plans side‑by‑side.
• Fetch the latest brochures or product PDF links from specific insurers (AIA, Ceylinco, Arpico or any other insurer you name) and summarize their key terms (issue/retirement age, loyalty bonus clause, surrender rules).

Which would you prefer me to do next?