Softlogic Life Universal Plan

Softlogic Life Universal Plan is a comprehensive universal life product, aiming to cover all customer requirements with the flexibility to add/change options whenever needed.

Special Flexible Features of Universal Life Product

  • Extended Life Cover till Age 80
  • Design the policy based on customer needs
  • Even at the Death of Life Assured, under “Waiver of Premium benefit on Death” Spouse can continue Spouse and Health covers until expiry date of the relevant covers.
  • Top-up Premiums Allowed after 3 Years (Max 2 Times per Year Minimum top-up premium LKR 25,000)
  • Premium Paying term can be less than or equal to the policy term
  • Caters 3 Different Insurance needs • Protection • Retirement • Savings
  • Even at the Death of the Life Assured, Nominee will receive the intended maturity value at the date of Maturity of the policy.
  • WOP(TPD) Inbuilt to Basic cover

Basic premium will be credited by the company in the event of Total Permanent Disability of the Life Assured and the Maturity Value will be payable to the Life Assured on the Date of Maturity.

Eligibility Criteria

  • Minimum age at entry 18 years (Exact Age).
  • Maximum age at entry 70 years (Nearest Bday)
  • Rider ceasing age 70.

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

  • Accidental Death benefit
  • Additional Life Benefit
  • Permanent & Total Disability benefit
  • Permanent Partial Disability
  • Critical Illness Super Benefit (Covering 36 illnesses)
  • Critical Illness Super Benefit for spouse (Covering 36 illnesses)
  • Spouse Cover Benefit
  • Funeral Expense’s Benefit
  • Premium Protection Benefit
  • Hospitalization Benefit
  • Family Health Care Super Benefit
  • Family Healthcare Super Benefit + Overseas Treatments Cover
  • Premier Health Benefit
  • Family Income Benefit on Permanent & Total Disability
  • Family Income Benefit on Death
  • WOP (Death)
  • Inflation Guard

Dividend Rates of the past 2 years

Effective Annual Dividend rate
Prior to 1-Sep-2020 10.50%
1-Sep-2020 to 31-Jan-2021 8.50%
1-Feb-2021 to 31-Mar-2022 7.75%
1-Apr-2022 9.00%

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