LOLC Life Assurance celebrates women’s month with added protection and rewards

In celebration of Women’s Month, LOLC Life Assurance has introduced a special initiative that offers greater protection and meaningful rewards for women.

Throughout March 2025, females who purchase a critical illness policy with a minimum sum assured of Rs.1 million will receive an additional 50 per cent cover of up to a maximum of Rs. 1 million at no extra cost, exclusively for female-specific critical illnesses, including, breast cancer, womb cancer, and cervical cancer. This complimentary cover will remain valid throughout the policy period. Furthermore, if the policyholder is male and has included his spouse under the policy, she will also be eligible for this special benefit without any changes to the coverage, the company said in a media release.

As part of this initiative, LOLC Life Assurance is also rewarding mothers. All policyholders who give birth during March 2025 will receive a cash reward of Rs.25,000 provided their policies were obtained on or before December 31, 2024 and remain active at the time of delivery.  

Commenting on the initiative, Director/CEO Mrs. Nadika Opatha stated, "At LOLC Life Assurance, we remain committed to women's well-being and empowerment, and this initiative is our way of respecting and supporting the vital role women play, ensuring they receive the protection they deserve. We invite all women and those who wish to safeguard the women in their lives to take advantage of this valuable opportunity."