Softlogic Finance Gold Loan Cover

Special cash benefit of Rs. 10,000/= and a settlement of 3 months’ loan interest will be offered at an incident of diagnosis of COVID 19

• With the objective of providing timely insurance solutions to our customers, we have provided group life assurance policy for Gold Loan borrowers of Softlogic Finance PLC with a Life Insurance Cover against COVID 19
• In the event of an unfortunate event of the loan borrower due to COVID 19, the Loan will be settled directly to Softlogic Finance by Softlogic Life, so that the customer/nominee can get the pawned item released
• Life Cover will base on the loan value with a minimum cover of Rs 10,000 up to a maximum of 2,000,000 LKR
• Coverage is on a yearly renewal basis and the premiums are guaranteed only for one-year form date of inception of the cover
• The actual premium per loan borrower shall be calculated based on the actual loan amount

• Minimum Age at Entry = 19 Years (Age next birthday)
• Maximum Age at Entry = 75 Years (Age next birthday)
• Cover Ceasing Age = 75 Years (Exact Age)

(For full terms and conditions refer the Policy Document Link)

To view the Policy Document Click Here