This plan is designed to provide a considerable life insurance cover
for an affordable premium, whilst rewarding the Life assured with
a maturity more than what he/she has invested.
A unique plan which provides special payments before the maturity.
The Life assured have the option of utilising these advance payments
for any of his or his family’s needs. The Life assured can opt
for a higher advance payment if he/she can afford for a higher sum
Joint Life plan of assurance
This policy insures the lives of both husband and wife or business
partners, and the sum assured with the accrued bonus is payable either
at maturity or on the first death. Kalana Mithuru covers two lives
at almost the cost of one.
Praguna is a plan of assurance which increases ones investments whilst
providing an increased life insurance cover. The special feature of
this policy is that the sum assured is increased by 5% every year
whilst the premium remains unchanged throughout the term. Since the
benefit is increased each year, the policy provides compensation for
the depreciation of money due to inflation during the period of insurance
Sri Lanka Insurance introduces Mini Muthu a special Child Insurance
Plan where both parents are covered under one policy. This product
is introduced by the company after looking into the important role
played by both parents in bringing up a child.
The New "Mini Muthu" plan of assurance guarantees a fund for the child
at maturity. Even after an untimely demise of a parent the above fund
will be available for the child. This plan provides a Life cover for
both parents thus making it a joint life plan. The fund for the child
will be released within a 4 year period. Only a single child can be
named as a beneficiary under this plan.
This plan of assurance has been designed to protect a mortgage executed
in connection with a housing loan against the risk of death of the
borrower during the term of the policy.