Softlogic Life Corporate Pension Plan

This is a fund based non-participating universal life endowment product and will be issued as an Individual policy issued for the employees at large groups, targeting Mid- Level employees in the private sector. The product is designed to provide protection as well as a retirement benefit to the target market. This will be targeted as an Employee Retention Plan enabling the early retirement benefit to the corporate sector employees. Following are some of salient features of the product;

Eligibility Criteria

  • Minimum Age at entry 18 years (Exact Age)
  • Maximum Age at entry 70 years (nearest birthday)
  • Cover Ceasing Age 80 years (nearest birthday)

Pension Receiving Age can be selected any time at the policy inception subject to minimum term of 5 years.

There are three different variants of product types according to the policy term as follows;

  • Term 5-9 (Including 9)
  • Term 10-14 (Including 14)
  • Term 15 and above

Accumulated Fund value as a lump sum at the retirement age of the policyholder or as Annuity Payments as follows;

  • 10 years certain.
  • 15 years certain
  • 20 years certain
  • 10 years certain and life time thereafter

Top up Premiums Allowed after first 12 months of the policy (Max 2 Times per Year Minimum top up premium LKR 10,000)

There’s an inbuilt waiver of premium benefit on Accident and Sickness at the time of Total and Permanent Disability.

In the event of death of the Life Assured, Nominee will receive sum assured or investment account value whichever is higher as a Death Benefit.

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

  • Waiver of Premium on Total and Permanent Disability
  • Waiver of Premium on Death
  • Critical Illness Super Benefit
  • Inflation Guard (5% - 10% increase in the Premium allowed at the discretion of the company)
  • Additional Life Benefit (01 time of the Basic Sum Assured is Compulsory)

WHO WE ARE

When it comes to taking creativity and innovation beyond borders, we are naturals at it. We strive to enhance the quality of life of all Sri Lankans, by providing world class solutions of Life Insurance.

Awards Customer Testimonials Milestones
  • SLIM Brand Excellence Awards 2018 'Silver Award – Service Brand of the Year.' Annual Report Awards 2018: Gold Award - Insurance Companies National Business Excellence Awards 2018: Winner - Insurance Sector Excellence in Life Insurance since 2001

ONLINE SERVICES

Life simplified for your convenience.
Pay your premium online and so much more!

CONTACT US

24 x 7 Care Centre number
General Info : info@softlogiclife.lk

283,R.A De Mel Mawatha,Colombo 3.