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These days financial security is paramount, and retirement planning has become an essential aspect of personal finance. While traditional methods like savings accounts and life insurancepolicies have their place, mutual funds are emerging as a powerful tool for building a robust retirement nest egg.   This is particularly true in countries like Sri Lanka, where retirement plans are evolving to meet the changing needs of the population. As you consider your personal investment plan in Sri Lanka, it is crucial to... more

Life insurance in Sri Lanka is an important aspect of planning for the uncertain future. The amount of life insurance coverage you need is determined by evaluating several factors:Income Replacement: To provide for your family, the coverage should replace your income for a period of time. This often includes multiplying your annual income by a certain number (e.g., 5-10 times your annual salary).Outstanding Debts: Consider the total amount of debts, such as mortgages, car loans, and credit card balances, that you wou... more

A pre-existing condition is a medical condition that existed before a person’s current health insurance plans began. This can include a wide range of conditions, from chronic illnesses like diabetes or asthma to more specific issues like previous surgeries or past injuries.   In many insurance plans, pre-existing conditions were historically a factor that could impact coverage, but recent reforms in some regions, like the Affordable Care Act in the U.S., have made it illegal for insurers to deny coverage or charge hi... more