LOLC Life Assurance celebrates women’s month with added protection and rewards

Friday, 14 March 2025 00:15 - - {{hitsCtrl.values.hits}}

In celebration of women’s month, LOLC Life Assurance has introduced a special initiative that offers greater protection and meaningful rewards for women.

Throughout March 2025, females who purchase a critical illness policy with a minimum sum assured of Rs. 1 million will receive an additional 50% cover of up to a maximum of Rs. 1 million at no extra cost, exclusively for female-specific critical illnesses, including, breast cancer, womb cancer, and cervical cancer. This complimentary cover will remain valid throughout the policy period. Furthermore, if the policyholder is male and has included his spouse under the policy, she will also be eligible for this special benefit without any changes to the coverage.

As part of this initiative, LOLC Life Assurance is also rewarding mothers. All policyholders who give birth during March 2025 will receive a cash reward of Rs. 25,000 provided their policies were obtained on or before 31 December 2024 and remain active at the time of delivery.

Director/CEO Nadika Opatha said: “We are delighted to introduce this meaningful initiative, extending our support beyond traditional insurance offerings to provide women with enhanced protection. At LOLC Life Assurance, we remain committed to women’s well-being and empowerment, and this initiative is our way of respecting and supporting the vital role women play, ensuring they receive the protection they deserve. We invite all women and those who wish to safeguard the women in their lives to take advantage of this valuable opportunity.”LOLC Life Assurance Ltd., a fully owned subsidiary of LOLC Holdings, has now become Sri Lanka’s fastest-growing life insurer and has won multiple awards.

With a diverse portfolio that includes life insurance plans, retirement plans, child education plans, critical illness plans, group insurance plans, investment plans, and mortgage protection insurance plans, LOLC Life Assurance said it remains committed to delivering tailored solutions to help individuals and families overcome life’s unforeseen challenges.