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You are here:   Home > Our Solutions > Life Protect

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 a 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.

Key Features of LOLC Life Assurance Life Protect

  • A guaranteed sum assured on death.
  • Flexibility term options- between 10 and 40 years.
  • Convenient premium Options-Monthly, Quarterly, Half-Yearly, Annually or single premium.
  • Additional enhancement that helps you customise your policy to suit your unique needs.
  • Dividends credited to the fund at the end of every year, which will increase the maturity value of your fund.
  • This policy allows you to enjoy the protection of a wide range of additional covers which includes an additional death cover for you and your spouse and medical covers for your, spouse and children.

You are here:   Home > Our Solutions > Retirement Solutions

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. In the unforeseen event of your demise, this policy will provide your family the death benefit and also continue to maintain the policy until its maturity and provide many benefits to your dependents.

Key Features of LOLC Life Assurance Suraki Daru

  • 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.
  • In addition, you can enjoy a life insurance cover of your choosing.
  • In the event of your demise, LOLC Life Assurance will continue your policy until its maturity and make available the retirement fund to your spouse or dependants.
  • Convenient premium options- Monthly, Quarterly, Half Yearly or Annually.
  • The policy allows you the flexibility to enjoy a range of additional covers.
  • Your pension fund will continuously grow and an annual dividend will be credited to your account.

You are here:   Home > Our Solutions > 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 impending 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.

Key Features of LOLC Life Assurance Child Plan

  • Sum assured will be paid to the beneficiary in the event of your demise.
  • In the event of your demise, the optional Educational Support benefit allows the provision of a monthly income support for your child’s education until the policy matures.
  • In the event of total and permanent disability or your demise, the company will maintain the policy until its maturity and provide the funds for your child’s needs. In addition, if total and permanent disability occurs, you will also receive a payment equivalent to the basic sum assured of the policy.
  • The choice to build an additional fund for your child.
  • Convenient premium payment Options-Monthly, Quarterly, Half Yearly or Annually
  • Additional benefits that help you customise the policy to suite your unique needs

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

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.

Key Features of LOLC Life Assurance Life Protect Plus

  • Your basic sum assured increases by 10% every year, without any increase of premium.
  • Flexible term options between 10 and 40 years.
  • Convenient premium options- Monthly, Quterly, Half Yearly or Annually.
  • The policy allows you the flexibility to enjoy a range of additional covers.
  • Dividend credited to the fund at the end of every year.

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

If death occurred unexpectedly or you become permanently disabled, you may not be able to make your monthly loan repayments and you will leave your family with the burden of paying off your loan. This insurance helps pay off your repayments or simply covers your loan repayments when you are not able to.
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

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 total 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

Our lives are full of unforeseen incidents and no one can predict the future. Amidst the hustle and bustle of life, the attention given for an inclusive is very limited. But now you can secure the future of the once you love and care through a comprehensive plan with the LOLC Life Assurance Reality.

Key Features of LOLC Life Assurance Reality

  • Highest cover for a minimum premium.
  • Flexible terms options between 05 and 30 years.
  • Convenient premium Options-Monthly, Quarterly, Half-Yearly, Annually or single premium.
  • The policy allows you the flexibility to enjoy a range of additional covers.

You are here:   Home > Our Solutions > Corperate Life

Your children grow up so fast, and so does your dreams and aspirations for them. A sound education becomes a stepping stone to your children’s success in fulfilling their dreams. LOLC Life Assurance ‘Sureki Daru”, a dividend based plan, is designed to help you build a secure fund that takes care pf your child’s educational and financial needs.

Key Features of LOLC Life Assurance Suraki Daru

  • The option of withdrawing funds at once or over a period of annual offers, once the policy matures.
  • In the event the parents or guardian passes away before the policy reaches its maturity, the child will receive benefits and the provision of monthly income to support his/ her education until the policy matures.
  • The options of choosing from 5%, 10 % and 15% to build a customised plan as per your requirements with the protection of an inflation guard.
  • Ability to top-up the premium.
  • The flexibility to enjoy a wide range of additional covers.

You are here:   Home > Our Solutions > Corperate Life

As you Reach the age of retirement, a pre-planned pension fund is essential to lead an independent and financially stable life. Build a secure pension fund starting from Rs.250/= up to any amount you wish. The LOLC Life Assurance Piyawara Pension plan based on dividend shares is designed to help you accumulate funds for life after retirement.

Key Features of LOLC Life Assurance Suraki Daru

  • Start investing from amount Rs.250/= onwards to any amount you wish.
  • The options of choosing 5%, 10 % and 15% protected through an inflation guard to build an investment fund as per your requirement.
  • Ability to top-up premium.
  • Convenient premium options- Monthly, Quarterly, Half Yearly or Annually.

You are here:   Home > Our Solutions > Divisahana
Divi Sahana

Divisahana is level term assurance policy, with additional cover to protect children and family. While getting protection to debt or loan you obtained, you will be able to have benefits to dependants under this insurance scheme. As an additional cover Total Permanent Disability (due to accident or sickness) is included to the product, by default.

You are here:   Home > Our Solutions > Triple Protection

We, as LOLC life Assurance identified the fact and introduced a new significant life assurance cover which offers special benefits for six of the most critical illnesses which became very common in the recent past. The LOLC Life Assurance Triple Protection Cover Benefits these six critical illnesses in three significant ways.

LOLC Life Assurance Triple Protection Critical Illnesses Covered

  • Cancer
  • Heart Attack
  • Stroke
  • Coronary Artery(Bypass) Surgery
  • Kidney Failure
  • Major Organ Transplant

Special Benefits

  • The sum assured will be paid soon after diagnosing any of the above Critical illnesses
  • The premiums will be waived off after diagnosing any of the above critical illnesses
  • The death claim will be doubled (Conditions apply)
You are here:   Home > Our Solutions > Health Rider Benefits
  • The Surgery and Medical expenses of the policyholder will be covered.
  • In the case of an illness or disability of the policy holder, the Medical expenses will be covered

LOLC Life Health Benefit Insurance offers you and your families following benefits.

Hospitalization benefits Daily room charges & ICU Charges.
Daily room charges Max Rs.10,000/-
ICU-Max Rs 20,000/-
Surgical Benefits Surgeon, Anesthetist,Medical particular Consultant and Specialist fees For Local & Overseas treatments
Miscellaneous hospital services and supplies benefits Operation theater charges, Anesthetist, blood, Oxygen, medical & drugs Excluding non-medical services
Ambulance charges (Licensed ambulance only) Max 0.5% from eligible benefit per annum
Day care treatment Cover listed of 136 day care surgeries
Organ donor expenses Payable only for hospitalization expenses for the donor maximum of 50% of the benefit limit with a room rent sublimit applicable
Daily hospitalization cash in a government hospital Payment even when hospitalized in a government hospital
Overseas treatment Worldwide coverage for hospitalization expenses for up to Rs 1.5mn ( Singapore/India and Malaysia)