Softlogic Life Universal Savings Plus Plan

This Product can be used as a guarantee for a Loan and Loan outstanding can be recovered under this plan. This product targets customers who borrow personal loans (Short Term Loans) from financial institutions. At the time of death of the Life Assured during the term of the policy, the Sum Assured will be paid to nominees after deducting outstanding loan amount. This comes under the same Universal Life Platform, providing accumulated funds at the end of the policy term.

Minimum Policy Term is 5 Years and Maximum Term equals to 10 years.

Top-up Premiums Allowed after 03 years (Max 2 Times per Year Minimum top-up premium LKR 25,000)

In the event of the death of the Life Assured, Nominee will receive the sum assured or investment account value whichever is higher as a Death Benefit.

The Accumulated Fund Value will be paid to the policyholder as Maturity Value at the end of the policy term.

There’s an inbuilt waiver of premium benefit on Accident and Sickness at the time of Total and Permanent Disability.

Below mentioned optional rider covers are applicable to offer with this product;

  • Additional Life Benefit (01 time of the Basic Sum Assured is Compulsory)
  • Accidental Death Benefit, Permanent & Total Disability Benefit, and Permanent and Partial Disability Benefit
  • Family Income Benefit on Death
  • Family Income Benefit on Death or on Permanent & Total Disability due to Accident/Sickness
  • Family Income Benefit on Permanent & Total Disability due to Accident/Sickness
  • Funeral Expense Benefit
  • Spouse Cover Benefit
  • Waiver of Premium Benefit on Permanent and Total Disability due to Accident/Sickness
  • Hospitalization Benefit
  • Critical Illness Super Benefit
  • Critical Illness Super Benefit on the Life of Spouse
  • Family Health Care Super Benefit + Overseas Treatment

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