Softlogic Life Protected Savings Plan
The Protected Savings Plan is a unique product that combines the benefits of term insurance and Protected Savings account coupled with Life Cover. The Product offers an attractive dividend rate credited to the account on a monthly basis.
After the first 90 days of the policy, the policyholder is able to make withdrawals (partial surrenders) from the policy, using any Sampath Bank ATM island wide.
Following Benefits are available under this Plan;
Life Cover will offer as follows;
Natural Death - Double the Accumulated Fund Value or the Sum Proposed, whichever is lower
Accidental Death - In addition to the Natural Death Benefit; Double the Accumulated Fund Value or the maximum accidental death benefit, whichever is lower
The Policy Holder is not charged any premium for the life cover provided, the full amount of the savings premium is allocated to the savings fund and accumulates dividends.