Sri Lanka Insurance Life launches ‘Speed Investment’

An insurance policy that increases sum assured by 5% every year for the same premium amount with unmatchable bonus

Identifying the dynamic customer needs in today’s competitive market environment Sri Lanka Insurance Life is introducing a new life insurance solution to cater to the long-term investment needs of customers while providing protection to the policyholders.

Sri Lanka Insurance ‘Speed Investment’ is the latest addition to the Sri Lanka Insurance Life product portfolio which gives higher returns for the policyholders. The new ‘Speed Investment’ insurance is a long-term plan in which sum assured will be increased annually by 5% while the premium remains the same and in 20 years, policyholder will receive doubled basic sum assured in return with unmatchable bonus amount making it an unparalleled insurance solution in the market.

The insurance plan can be further customised with additional covers for enhanced protection such as Critical Illness Cover, Hospitalisation Cover, Additional Life Cover, Permanent Disability Benefit, Accidental Death Cover and Spouse Cover etc.

In the event of the death of the policyholder, the basic sum assured plus the increased amount added to the basic sum assured based on 5% interest rate will be doubled and paid with bonus to the dependent as a lump sum payment.

The insurance policy is open for anyone in the age of year 18-60 and policyholders can choose the policy period from 10, 15, 20, 25, 30, 35 to 40 years. Also, premium payments can be made annually, bi annually, quarterly and monthly as per the convenience of the customer.

More information on ‘Speed Investment’ can be obtained from SLIC 24/7 hotline 011 2 357 357.