Sri Lanka Insurance launches ‘Home Protect Lite’

Friday, 3 November 2023 00:22 - - {{hitsCtrl.values.hits}}

Sri Lanka Insurance (SLIC) has announced the launch of ‘Home Protect Lite’ the first loss basis home insurance policy.

The policy is designed to provide insurance coverage for a predetermined sum insured to meet specific needs of customers.

SLIC continues to evolve through product development and innovation to cater to today’s customer. The company has been continuously investing its time and money to understand customer behaviours and their needs to develop products and services to ensure customer needs are met and deliver convenience to customers.

‘Home Protect Lite’, is a product that has focused mainly on providing customer convenience and ease. It can be purchased online or over the counter instantly, smooth claim settlement process, less documentation and speedy service delivery, declaration of list of items not required at the time of purchasing the insurance cover and most importantly affordable premiums offering peace of mind for the customers.

‘Home Protect Lite’ offers five specified packages providing a coverage of Rs.1 million to Rs. 5 million at an affordable premium starting from Rs. 1,900 onwards catering to a wider range of customers to suit their budgetary requirements. This comprehensive policy provides protection to the policyholder’s house and its belonging against the following perils: Fire and lightning, malicious damages by any person(s), explosions, natural disasters, electrical damages (electrical and electronic items), bursting and overflowing of water tanks, related gear and pipes, damages caused by Aircraft accidents and other impacts, and burglary involving forcible and violent entry and or exit causing damages to content and the building.

SLIC said extensive research and presence of mind has allowed Sri Lanka Insurance to identify market opportunities where they continue to innovate and develop products to cater to the needs of people of Sri Lanka. The company offers a wide range of products to its customers to ensure peace of mind where protection is not limited to individual protection but to the policyholder’s assets and belongings.