SLIC launches ‘Early Cash’ Online
Colombo (LNW): Sri Lanka Insurance (SLIC) has launched its ‘Early Cash’ life insurance plan online, marking a significant milestone for the company.
This online offering aligns with SLIC’s commitment to innovation and technology adoption to meet the needs of today’s digital customers.
The ‘Early Cash’ policy was developed based on extensive market research, recognising the preferences of modern, value-conscious customers who seek early returns and comprehensive protection.
It allows customers to conveniently purchase this life insurance plan online. The introduction of this online product is seen as a stepping stone for SLIC to potentially offer other life insurance plans online in the future.
The ‘Early Cash’ policy is a long-term plan that provides up to 50 per cent of the policy value in two advance payments before the policy period ends, based on the policy term.
Policyholders also receive an unmatched bonus calculated from the total policy value, even if advance payments have been made, making it a unique insurance solution in the market.
Additionally, the policy can be customised with additional covers such as Critical Illness Cover, Hospitalisation Cover, Additional Life Cover, Permanent Disability Benefit, Accidental Death Cover, and Spouse Cover to enhance protection.