Softlogic Life Universal Savings Plus Plan
This Product can be used as a guarantee for a Loan and Loan outstanding can be recovered under this plan. This product targets customers who borrow personal loans (Short Term Loans) from financial institutions. At the time of death of the Life Assured during the term of the policy, the Sum Assured will be paid to nominees after deducting outstanding loan amount. This comes under the same Universal Life Platform, providing accumulated fund at the end of the policy term.
Minimum Policy Term is 5 Years and Maximum Term equals to 10 years.
Top up Premiums Allowed after 03 years (Max 2 Times per Year Minimum top up premium LKR 25,000)
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.
The Accumulated Fund Value will be paid to the policyholder as Maturity Value at the end of the policy term.
There’s an inbuilt waiver of premium benefit on Accident and Sickness at the time of Total and Permanent Disability.
Below mentioned optional rider covers are applicable to offer with this product;