Sri Lanka Insurance Life launches ‘Speed Investment’

Sri Lanka Insurance Life (SLI) is introducing a new life insurance solution to cater to the long term investment needs of customers while providing protection to the policyholders.

SLI’s ‘Speed Investment’ is the latest additions for the Sri Lanka Insurance Life product portfolio which gives higher returns for the policyholders.  The new ‘Speed Investment’ insurance is a long term plan in which a sum assured will be increased annually by 5% while the premium remains the same and in 20 years, policyholder will receive doubled basic sum assured in return with unmatchable bonus amount making it an unparalleled insurance solution in the market, SLI said in a media release.

The insurance plan can be further customized with additional covers for enhanced protection such as Critical Illness Cover, Hospitalization Cover, Additional Life Cover, Permanent Disability Benefit, Accidental Death Cover and Spouse Cover etc.

In the event of the death of the policyholder, the basic sum assured plus the increased amount added to the basic sum assured based on 5% interest rate will be doubled and paid with a bonus to the dependent as a lump sum payment.

The insurance policy is open for anyone in the age of year 18- 60 and policyholders can chose the policy period from 10, 15, 20, 25, 30, 35 to 40 years. Also premium payments can be made annually, bi annually, quarterly and monthly as per the convenience of the customer.