Rock solid foundations to build a future upon: Showcasing Union Life Advantage

As one of Sri Lanka’s largest private insurers, Union Assurance is constantly at the forefront of industry innovations, and has succeeded in benchmarking customer service and satisfaction for the insurance sector in the country. In another leap forward, the insurance giant is proud to put in the spotlight Union Life Advantage – a power-packed product from the company’s wide reaching portfolio. 

Union Life Advantage is an endowment type life insurance policy focused on investment benefit, in addition to the provision of a comprehensive life cover. The product is designed to provide a solid starting point for families and individuals with aspirations and goals for the future. Specially designed for the prudent investor, the product is also a fail-safe to guarantee that dependents and loved ones are taken care of in the case of unforeseen and unfortunate circumstances. 

Policies issued under Union Life Advantage are assigned individual investment accounts, which will be maintained by the company – and based on a dividend rate decided by the company at the beginning of the year, the individual account will proceed to accrue funds throughout the year. 

Union Assurance guarantees this interim dividend rate as the minimum dividend rate for a given year – which means if the investment account performs well and the actual dividend rate decided at the end of the year is higher than the interim dividend rate, the policyholder will benefit the fund accumulation on the actual dividend rate for that year. 

Any individual between the ages of 18 and 65 are eligible to sign up for this policy while the minimum term is 10 years. In the event of death of the insured, the company undertakes to pay the sum insured or the value of the investment account, whichever is higher, to his or her dependents 

To find out more about Union Life Advantage, call over at the nearest Union Assurance Life branch or phone 0112 428 428 and speak with one of its customer service agents.

Union Assurance (UA), the country’s trusted insurance provider, celebrates a solid and consistent track record covering over 26 years, 110 branches, over 4,500 employees and field staff who touch the lives of half a million Sri Lankans island-wide.