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You are here:   Home > Our Solutions > Life Protect

LOLC Life Assurance Life Protect is a flexible insurance policy that offers you the security of guaranteed protection, with the added benefit of periodical returns to the fund. In addition, this plan is designed to provide you and your entire family with a wide range of comprehensive protection covers to secure your family in the event of the unforeseen. It offers you the flexibility of choosing an ideal combination of savings and protection.

LOLC Life Protect Product Features

Sum Assured

Min Rs. 100,000/- Max-No Limit

Premium Payment

Monthly/Quarterly/Half Yearly/Annually


Age at Entry

Min-18 Years|Max-70 Years

Benefits

In the event of a death, fund value or sum assured whichever is higher will be paid (plus relevant ADB or ALB)

Age entry for child

HB: Min-6 months|Max-18 years
CIB: Min-3 years\Max-18 years
LLHB: Min-1 years|Max-18 years


Term

Min-5 Years| Max-40 Years

Covers


 Rider Benefits  Covers Ceasing Age   Sum Assured
 Additional Life Benefits(ALB)  75 Years  Up to 10 times of BSA 
 Accidental Death Benefits( ADB)  70 Years  Up to 3 times of BSA( Highest 50 Mn) 
 Total Permanent Disability(TPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Partial Permanent Disability(PPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Wave of Premium Benefit due to TPD
( WOP)
 70 Years  Basic premium only 
 Critical Illness Benefit( CIB)  70 Years  Below or Equal to BSA(Highest 5 Mn) 
 Hospitalization Benefit (HB)  65 Years  Up to Rs.15,000/- per day 
 Family Income Benefit(FIB)
(Death or TPD)
 65 Years  Min Rs.10,000/- 
Max Rs.50,000/- Per month 
 LOLC Life Health Benefit (LLHB)  65 Years  Rs.100,000/- up to Rs.1,500,000/- 
 Child Hospitalization Benefit
Child Critical Illness Benefit
 23 Years  Rs.500/- up to Rs.15,000/- per day 
Rs.100,000/- up to 2 Mn 
LOLC Life Health Benefit - Child (LLHB) 23 Years Rs.100,000/- up to Rs.1,500,000/-

You are here:   Home > Our Solutions > Fund Builder

A Life Insurance policy based on Dividend, where you deposit an agreed instalment for a fixed term and reap a higher return on your investment.

LOLC Life Fund Builder Product Features

Sum Assured

Min Rs. 100,000/- Max-No Limit

Minimum Premium Paying Period

05 Years


Age at Entry

Min-18 Years|Max-65 Years

Minimum Premium

Rs.5000/-

Term

A choice of 10,15 and 20 years


Age entry for child

HB: Min-6 months|Max-18 years
CIB: Min-3 years\Max-18 years

Covers

 Rider Benefits  Covers Ceasing Age   Sum Assured
 Additional Life Benefits( ALB)  75 Years  Up to 10 times of BSA 
Accidental Death Benefits(ADB)  70 Years  Up to 3 times of BSA( Highest 50 Mn)
 Total Permanent Disability(TPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Partial Permanent Disability(PPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Wave of Premium Benefit due to TPD ( WOP)  70 Years  Basic premium only 
 Critical Illness Benefit( CIB)  70 Years  Below or Equal to BSA(Highest 5 Mn) 
 Hospitalization Benefit (HB)  65 Years  Up to Rs.15,000/- per day 
 Family Income Benefit(FIB)  70 Years  Min Rs.10,000/-
Max Rs.50,000/- Per month

You are here:   Home > Our Solutions > Retirement Solutions

LOLC Life Assurance Pension Plan is an insurance policy that is designed to help you build a retirement fund whilst also enjoying the option of enhancing your policy with protection covers. In the unforeseen event of your demise, this policy will provide your family the death benefit and also continue to maintain the policy until its maturity and provide many benefits to your dependents.

LOLC Life Pension Plan Product Features

Sum Assured

Min Rs.100,000/- Max-No Limit

Premium Payment

Monthly/Quarterly/Half Yearly/Annually


Age at Entry

Min-10 Years|Max-60 Years

Policy Maturity

Lump sum or pension payment mode
Monthly/Quarterly


Term

Min-10 Years
Max-Age difference between current age and the retirement age
Minimum Retirement Age start at age 45.


Covers

 Rider Benefits  Covers Ceasing Age   Sum Assured
 Accidental Death Benefits( ADB)  70 Years  Up to 3 times of BSA( Highest 50 Mn) 
 Total Permanent Disability(TPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Partial Permanent Disability(PPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Wave of Premium Benefit due to TPD
( WOP)
 70 Years  Basic premium only 
 Critical Illness Benefit( CIB)  70 Years  Below or Equal to BSA(Highest 5 Mn) 
 Hospitalization Benefit (HB)  65 Years  Up to Rs.15,000/- per day 
 LOLC Life Health Benefit (LLHB)  65 Years  Rs.100,000/- up to Rs.1,500,000/- 

You are here:   Home > Our Solutions > Child Plan

LOLC Life Assurance Child Plan is a unique policy designed to provide security for your child's future, by taking care of their impending educational and financial needs. The policy offers the added benefit of the company maintaining the policy in the event of your demise or total and permanent disability to ensure the financial security you plan for your child, remains.

LOLC Life Child Plan Product Features

Sum Assured

Min Rs.100,000/- Max-No Limit

Premium Payment

Monthly/Quarterly/Half Yearly/Annually


Age at Entry

Min-10 Years|Max-60 Years

Age entry for child

HB: Min-6 months|Max-18 years
CIB: Min-3 years\Max-18 years
LLHB: Min-1 years|Max-18 years


Term

Min-5 Years| Max-25 Years


Covers

 Rider Benefits  Covers Ceasing Age   Sum Assured
 Additional Life Benefits(ALB)    Option 01 or 02
 Accidental Death Benefits( ADB)  70 Years  Up to 3 times of BSA( Highest 50 Mn) 
 Total Permanent Disability(TPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Partial Permanent Disability(PPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Wave of Premium Benefit due to TPD
( WOP)
 70 Years  Basic premium only 
 Critical Illness Benefit( CIB)  70 Years  Below or Equal to BSA(Highest 5 Mn) 
 Hospitalization Benefit (HB)  65 Years  Up to Rs.15,000/- per day 
 Education Expenses Benefit  70 Years  Min Rs.10,000/- 
Max Rs.50,000/- Per month 
 LOLC Life Health Benefit (LLHB)  65 Years  Rs.100,000/- up to Rs.1,500,000/- 
 Child Hospitalization Benefit
Child Critical Illness Benefit
 23 Years  Rs.500/- up to Rs.15,000/- per day 
Rs.100,000/- up to 2 Mn 
LOLC Life Health Benefit (LLHB) 23 Years Rs.100,000/- up to Rs.1,500,000/-

You are here:   Home > Our Solutions > Life Protect Plus

LOLC Life Assurance Life Protect Plus is an advanced insurance policy that offers you the security of guaranteed protection, with the added benefit of periodical returns to the fund. The main feature of LOLC Life Assurance Life Protect Plus Plan is that the basic sum assured increases by 10% every year, without any increase of premium.

LOLC Life Protect Plus Product Features

Sum Assured

Min Rs.100,000/- Max-No Limit
(Increased by 10% every year from BSA)

Premium Payment

Monthly/Quarterly/Half Yearly/Annually


Age at Entry

Min-18 Years|Max-70 Years

Benefits

In the event of a death, fund value or sum assured whichever is higher will be paid (plus relevant ADB or ALB)


Age entry for child

B: Min-6 months|Max-18 years
CIB: Min-3 years\Max-18 years
LLHB: Min-1 years|Max-18 years

Term

Min-5 Years| Max-40 Years

Covers

 Rider Benefits  Covers Ceasing Age   Sum Assured
 Additional Life Benefits(ALB)  75 Years  Up to 10 times of BSA 
 Accidental Death Benefits( ADB)  70 Years  Up to 3 times of BSA( Highest 50 Mn) 
 Total Permanent Disability(TPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Partial Permanent Disability(PPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Wave of Premium Benefit due to TPD
( WOP)
 70 Years  Basic premium only 
 Critical Illness Benefit( CIB)  70 Years  Below or Equal to BSA(Highest 5 Mn) 
 Hospitalization Benefit (HB)  65 Years  Up to Rs.15,000/- per day 
 Family Income Benefit(FIB)
(Death or TPD)
 65 Years  Min Rs.10,000/- 
Max Rs.50,000/- Per month 
 LOLC Life Health Benefit (LLHB)  65 Years  Rs.100,000/- up to Rs.1,500,000/- 
 Child Hospitalization Benefit
Child Critical Illness Benefit
 23 Years  Rs.500/- up to Rs.15,000/- per day 
Rs.100,000/- up to 2 Mn 
LOLC Life Health Benefit - Child (LLHB) 23 Years Rs.100,000/- up to Rs.1,500,000/-

You are here:   Home > Our Solutions > Home Loan Protection
Home Loan Protection
Life Insurance Products

If death occurred unexpectedly or you become permanently disabled, you may not be able to make your monthly loan repayments and you will leave your family with the burden of paying off your loan. This insurance helps pay off your repayments or simply covers your loan repayments when you are not able to.
In addition to settling all outstanding loans, LOLC Life Assurance Home Loan Protection Policy will release any mortgaged property upon the death or permanent disability of the borrower. This easy-to-obtain policy will ensure a stable and secure home and a bright future for your family, along with the assurance of the safety of your home.

Sum Assured
 Minimum Sum Assured  = LKR 50,000
 Maximum Sum Assured  = Unlimited
Age Limits
For Insured
 Minimum Age  = 18 years
 Maximum Age  = 65 years
Policy Term (Period)
 Term  = 01 - 40 years

Isuru Sahana

Being the ultimate micro credit insurance scheme that nurtures and protects borrowers and their families, Isuru Sahana settles all outstanding balance loans in the event of the borrower's death or total disability and goes on to bear any funeral expenses. In the event of the borrower's total and permanent disability, all loans will be settled and a compensation will be provided to the dependents of an amount equivalent to the loan amount.

You are here:   Home > Our Solutions > Corperate Life
Corporate Life

LOLC Life Assurance Corporate Life is the ideal life cover for groups of people who wish to pay a minimum premium. In the event of the borrower's death, LOLC Life Assurance will assure the basic sum assured along with additional life benefit. Optional covers include - Additional Life Benefit, Accident Death Benefit, Total Permanent Disability (due to accident or sickness), Partial Permanent Disability, Critical Illness Benefit, Hospital Benefit (per day benefit) and Terminal Expenses Benefit.

Sum Assured
 Minimum Sum Assured  = LKR 50,000
 Maximum Sum Assured  = Depending on the need and Occupation
Age Limits
For Insured
 Minimum Age  = 18 years
 Maximum Age  = 64 years
Policy Term (Period)
 Term  = 01 year (yearly Renewable)

You are here:   Home > Our Solutions > Corperate Life

Our lives are full of unforeseen incidents and no one can predict the future. Amidst the hustle and bustle of life, the attention given for an inclusive is very limited. But now you can secure the future of the once you love and care through a comprehensive plan with the LOLC Life Assurance Reality.

Key Features of LOLC Life Assurance Reality

  • Highest cover for a minimum premium.
  • Flexible terms options between 05 and 30 years.
  • Convenient premium Options-Monthly, Quarterly, Half-Yearly, Annually or single premium.
  • The policy allows you the flexibility to enjoy a range of additional covers.

You are here:   Home > Our Solutions > Corperate Life

Your children grow up so fast, and so does your dreams and aspirations for them. A sound education becomes a stepping stone to your children’s success in fulfilling their dreams. LOLC Life Assurance ‘Sureki Daru”, a dividend based plan, is designed to help you build a secure fund that takes care pf your child’s educational and financial needs.

LOLC Life Suraki Daru Product Features

Sum Assured

Min Rs.100,000/- Max-No Limit

Premium Payment

Monthly/Quarterly/Half Yearly/Annually


Age at Entry

Min-18 Years|Max-65 Years

Policy Maturity

Lump sum or in 5 annuity payments 10% from the fund value can be withdrawn after every 4 years of the policy.
Top up premiums are allowed up to 4 times for policy anniversary


Age entry for child

HB: Min-6 months|Max-18 years
CIB: Min-3 years\Max-18 years
LLHB: Min-1 years|Max-18 years

Term

Min-5 Years| Max-25 Years


  • Inflation guard feature(optional) 5%,10%,15%

Covers

 Rider Benefits Covers Ceasing
Age
 Sum Assured
 Additional Life Benefits(ALB)  70 Years  Up to 10 times of BSA 
 Accidental Death Benefits( ADB)  70 Years  Up to 3 times of BSA( Highest 50 Mn) 
 Total Permanent Disability(TPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Partial Permanent Disability(PPD)  70 Years  Up to 3 times of BSA( Highest 30 Mn) 
 Wave of Premium Benefit-Due to Death or TPD ( WOP)  70 Years  Basic premium only 
 Critical Illness Benefit( CIB)  70 Years  Below or Equal to BSA(Highest 5 Mn) 
 Hospitalization Benefit (HB)  65 Years  Up to Rs.15,000/- per day 
 Education Expenditure Benefit  70 Years  Min Rs.10,000/- 
Max Rs.50,000/- Per month 
 LOLC Life Health Benefit (LLHB)  65 Years  Rs.100,000/- up to Rs.1,500,000/- 
 Child Hospitalization Benefit
Child Critical Illness Benefit
 23 Years  Rs.500/- up to Rs.15,000/- per day 
Rs.100,000/- up to 2 Mn 
LOLC Life Health Benefit - Child (LLHB) 23 Years Rs.100,000/- up to Rs.1,500,000/-

You are here:   Home > Our Solutions > Corperate Life

As you Reach the age of retirement, a pre-planned pension fund is essential to lead an independent and financially stable life. Build a secure pension fund starting from Rs.250/= up to any amount you wish. The LOLC Life Assurance Pension Plus based on dividend shares is designed to help you accumulate funds for life after retirement.

LOLC Life Pension Plus Product Features

Sum Assured

Min Rs.100,000/- Max-No Limit

Premium Payment

Monthly/Quarterly/Half Yearly/Annually


Age at Entry

Min-18 Years|Max-65 Years

Policy Maturity

Lump sum payment


Term

Min-10 Years
Max-40 Years


Covers

On Death - if insured death occurs within the policy term

  • Life Cover or the fund value, whichever is higher will be paid ( Life cover=Total paid premium x125%)
  • Inflation guard feature(optional) 5%,10%,15%
  • In case the policy holder cease to pay premiums, policy will automatically acquire the “dormant status”

You are here:   Home > Our Solutions > Divisahana
Divi Sahana

Divisahana is level term assurance policy, with additional cover to protect children and family. While getting protection to debt or loan you obtained, you will be able to have benefits to dependants under this insurance scheme. As an additional cover Total Permanent Disability (due to accident or sickness) is included to the product, by default.



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You are here:   Home > Our Solutions > Triple Protection

We, as LOLC life Assurance identified the fact and introduced a new significant life assurance cover which offers special benefits for six of the most critical illnesses which became very common in the recent past. The LOLC Life Assurance Triple Protection Cover Benefits these six critical illnesses in three significant ways.

LOLC Life Triple Protection Product Features


Sum Assured

Min Rs.100,000/- Max-Rs.5,000,000/-

Premium Payment

Monthly/Quarterly/Half Yearly/Annually/Single


Age at Entry

Min-18 Years|Max-50 Years

Waiting Period

90 days for CI claim


Term

Min-10 Years
Max-30 Years

Selected Critical Illness

  • Cancer
  • Heart attack
  • Bypass
  • Stroke
  • Kidney failure
  • Major organ transplants
You are here:   Home > Our Solutions > Health Rider Benefits
  • The Surgery and Medical expenses of the policyholder will be covered.
  • In the case of an illness or disability of the policy holder, the Medical expenses will be covered

LOLC Life Health Benefit Insurance offers you and your families following benefits.

Hospitalization benefits Daily room charges & ICU Charges.
Daily room charges Max Rs.10,000/-
ICU-Max Rs 20,000/-
Surgical Benefits Surgeon, Anesthetist,Medical particular Consultant and Specialist fees For Local & Overseas treatments
Miscellaneous hospital services and supplies benefits Operation theater charges, Anesthetist, blood, Oxygen, medical & drugs Excluding non-medical services
Ambulance charges (Licensed ambulance only) Max 0.5% from eligible benefit per annum
Day care treatment Cover listed of 136 day care surgeries
Organ donor expenses Payable only for hospitalization expenses for the donor maximum of 50% of the benefit limit with a room rent sublimit applicable
Daily hospitalization cash in a government hospital Payment even when hospitalized in a government hospital
Overseas treatment Worldwide coverage for hospitalization expenses for up to Rs 1.5mn ( Singapore/India and Malaysia)
You are here:   Home > Our Solutions > Insurance Cover for Browns Battery Customers

Product Type

  • Level Term Assurance Cover
 Option  Fixed SA  Policy Term  Warrenty
 1  100,000/-  1 Year  Below one and a half years
 2  100,000/-  2 Year  Above one and a half years

Age Limits (At entry)

  • Minimum Age = 18 years
  • Maximum Age = 50 years

Available Covers

  • Death Benefit (due to natural or accidental)

Benefits

  • Natural or Accidental Death benefit - Sum Assured of the Policy/Certificate
  • Maturity Benefit - No maturity benefit

Special Notes

  • Joint insurance covers will not be allowed
  • Maximum cover can be taken per person is Rs. 500,000/-
  • Policy commencement date as per the battery sold date (SMS Received Date)
  • Claims will be entertained subject to terms and conditions of the policy conditions and upon the submission of the complete set of documents as requested by LOLC Life Assurance Limited.
    • Claim form
    • Death certificate
    • Medical Report, if any
    • Warranty certificate

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