Short Term premium payment and Long Term protection - ‘Janashakthi Flexipay’

Janashakthi Insurance PLC has launched Janashakthi Flexipay, a short-term premium payment product which provides long-term protection to policyholders and their families. This unique solution is ideal for individuals who are not comfortable investing in long term financial commitments, according to a company media release.

Having understood this need, Janashakthi Life introduced a policy whereby the customer can pay off their total premium within 3-5 years of the policy and receive coverage for upto 40 years. The customer has the flexibility to customise their own policy by adding the protection and health covers as desired, making this the most attractive and complete life insurance product at offer, to cater to the long-term insurance needs of the customer. Janashakthi Flexipay can also be packaged with many other life insurance benefits such as critical illness, hospitalisation coverage and many more.

“Flexipay has been designed as a solution for customers who find it challenging to commit to long term investments. Through this product, we have successfully eliminated the hassle of life long premium payments. Janashakthi Flexipay was able to mark itself as a successful product, by the popularity received with only after few days of being launched to the market - further confirming our values and commitments of being a customer-centric life insurance company. Flexipay is yet another addition to our innovative product portfolio that meets the evolving needs of the people, with this launch Janashakthi Life is demonstrating its true spirit of innovation and further support to strengthen the life insurance product portfolio,” said Ravi Liyanage, Director / CEO of Janashakthi Insurance PLC.