Our Solutions

You are here:   Home > Our Solutions > Life Protect
Life Protect
Life Insurance Products

LOLC Life Assurance Life Protect is a flexible insurance policy that offers you the security of guaranteed protection, with the added benefit of periodical returns to the fund. In addition, this plan is designed to provide you and your entire family with wide range of comprehensive protection covers to secure your family in the event of the unforeseen. It offers you the flexibility of choosing an ideal combination of savings and protection. LOLC Life Assurance Life Protect offers the flexibility of including a host of additional benefits to customize your policy to cater to your own unique needs.

You are here:   Home > Our Solutions > Retirement Solutions
Retirement Solutions
Life Insurance Products

LOLC Life Assurance Pension Plan is an insurance policy that is designed to help you build a retirement fund whilst also enjoying the option of enhancing your policy with protection covers. The policy has the attractive feature that in the unforeseen event of your demise the company will provide your family with the death benefit and also continue to maintain the policy until its maturity and provide the benefits to your dependents. All you have to do is to decide when you want to retire, the monthly or quarterly income you need after your retirement and for how long you need this income to be continued after your retirement.

The LOLC Life Assurance pension plan allows you the flexibility to decide how much of a retirement fund you wish to build as well as how you receive this fund at retirement. You can receive your fund as a lump sum or opt to receive it monthly/quarterly up to 20 years after the chosen retirement date in the policy.

You are here:   Home > Our Solutions > Child Plan
Child Plan

LOLC Life Assurance Child Plan is a unique policy designed to provide security for your child's future, by taking care of their future educational and financial needs. The policy offers the added benefit of the company maintaining the policy in the event of your demise or total and permanent disability to ensure the financial security you plan for your child remains. In addition, in the event of total and permanent disability, you will be entitled to a payment equivalent to the basic sum assured of the policy. The policy will also attract an annual dividend thereby continually growing the fund to provide your child with the financial security you desire. In addition, LOLC Life Assurance Child Plan offers you the flexibility of including a host of additional enhancements to customize your policy to care for your child's own unique needs.

A very special feature of this policy is that you have the option of building an additional fund for your child in the event of your demise.

You are here:   Home > Our Solutions > Life Protect Plus
Life Protect Plus
Life Insurance Products

LOLC Life Assurance Life Protect Plus is an advanced insurance policy that offers you the security of guaranteed protection, with the added benefit of periodical returns to the fund. The main feature of LOLC Life Assurance Life Protect Plus Plan is that the basic sum assured increases by 10% every year, without any increase of premium. Therefore this policy allows you to enjoy an increasing life cover every year providing an additional measure of protection to you and your family.

You are here:   Home > Our Solutions > Home Loan Protection
Home Loan Protection
Life Insurance Products

In addition to settling all outstanding loans, LOLC Life Assurance Home Loan Protection Policy will release any mortgaged property upon the death or permanent disability of the borrower. This easy-to-obtain policy will ensure a stable and secure home and a bright future for your family, along with the assurance of the safety of your home.

Sum Assured
 Minimum Sum Assured  = LKR 50,000
 Maximum Sum Assured  = Unlimited
Age Limits
For Insured
 Minimum Age  = 18 years
 Maximum Age  = 65 years
Policy Term (Period)
 Term  = 01 - 40 years

Isuru Sahana
Life Insurance Products

Being the ultimate micro credit insurance scheme that nurtures and protects borrowers and their families, Isuru Sahana settles all outstanding balance loans in the event of the borrower's death or disability and goes on to bear any funeral expenses. In the event of the borrower's total and permanent disability, all loans will be settled and a compensation will be provided to the dependents of an amount equivalent to the loan amount.

You are here:   Home > Our Solutions > Corperate Life
Corporate Life

LOLC Life Assurance Corporate Life is the ideal life cover for groups of people who wish to pay a minimum premium. In the event of the borrower's death, LOLC Life Assurance will assure the basic sum assured along with additional life benefit. Optional covers include - Additional Life Benefit, Accident Death Benefit, Total Permanent Disability (due to accident or sickness), Partial Permanent Disability, Critical Illness Benefit, Hospital Benefit (per day benefit) and Terminal Expenses Benefit.

Sum Assured
 Minimum Sum Assured  = LKR 50,000
 Maximum Sum Assured  = Depending on the need and Occupation
Age Limits
For Insured
 Minimum Age  = 18 years
 Maximum Age  = 64 years
Policy Term (Period)
 Term  = 01 year (yearly Renewable)

You are here:   Home > Our Solutions > Corperate Life
Reality

LOLC Life Assurance Reality is a distinctive insurance solution designed to secure the future of the once you love and care through a comprehensive plan. Through this policy, customers can obtain the highest cover for a minimum premium with flexible term options between 5 and 30 years. With convenient premium payment options, ranging from monthly, quarterly, half-yearly, annually to single premium, the LOLC Reality policy allows the customer to enjoy a range of additional covers.