Life & Health Insurance

Life coverage

You love and cherish your family and would do anything in your power tonsure safety and security. But life is uncertain and there may be time during which you are unable to do so. This is when SLIC steps in. We will give you the confidence you need to take care of your loved ones at all times.

Total permanent disability coverage

In case of an accident or sickness that may result in a total disability preventing you from engaging in your job, you will be compensated with an amount similar to your monthly income. Further you will be free from having to wave off the future installments.

Coverage of critical illness

It’s an insurance policy that helps protect you if you become critically ill during the policy term. It pays out a tax-free lump sum that you can use however you like - whether that’s to help cover health-related costs, monthly expenses, or lost income while you get better.

Surgical Cover

For financial coverage in the event of an unexpected surgery, Sri Lanka Insurance surgical plan provides you with a comprehensive policy that overs surgery costs up to a specified maximum limit. The policy covers you, your spouse and 5 dependent children if purchased together with an SLIC life insurance policy.

Comprehensive Health Plans (Hospital bill cover)

A comprehensive health policy that covers surgical, medical and hospitalization expenses in Sri Lanka as well as overseas. The SLIC, comprehensive health plus plan provides financial support not only for you but for your spouse and up to 5 dependent children. You can choose from 3 available packages depending on the required geographical coverage and/or medical requirement.

Category A – Sri Lanka only

Category B – Sri Lanka, India, Singapore, Thailand, and Malaysia

Category C – Worldwide (excluding USA and Canada)


  • Cashless card method is applicable for this cover.
  • No claim bonus from 25% up to 100% sum assured fir every clam-free year.

Hospital Cash

A unique and innovative health plan that provides a fixed amount as cover for each day you are hospitalized, irrespective of the actual bills or expenses. This affords the policy holder a blanket cover for additional expenses with the fixed daily cash benefit.


  • Up to Rs 20,000 on a daily basis to over the medical expenses. 
  • Double the cash benefit of Rs. 40,000 if admitted to the ICU.
  • Added 4 days cash benefit if the hospital stay extends beyond 10 days.

What is Motor Plus?

For the most comprehensive protection for you and your vehicle with the best benefits, look no further than the SLIC Motor Plus insurance cover. Helping you keep up with the pace of today’s demanding lifestyle; we have designed a motor insurance policy that will keep you and your vehicle safe through well-established partnerships with vehicle agents and repair centers island-wide, ensuring 24*7 unrivaled service and coverage. The policy facilitates hassle-free vehicle repairs and maintenance, and also includes rewards and benefits from its own Motor Plus Loyalty Program.


  • Special Package for SLMC Members (Doctors Vehicle Insurance)
  • Unlimited Third Party Cover
  • Affordable insurance premiums
  • Entry to the Motor Plus Loyalty Rewards Program with the chance to avail amazing rewards from reputed brands and companies in Sri Lanka
  • Eligibility to utilize SLIC's partnership with leading vehicle agents in Sri Lanka in the event of a collision, so that the vehicle can be repaired and restored to manufacture's specifications, at the following Sri Lanka Insurance Motor Plus partner garages without owners account contribution deductions:
  • Obtain immediate and accurate claim settlement from the nearest regional office
  • 24-hour Customer Care Center with direct access to the largest and most qualified technical team in Sri Lanka for on-site assessment of the damage
  • On-site approval of up to LKR 75,000 as repair cost
  • Rental allowance for private cars, jeeps and double cabs while your vehicle is under repair
  • No Claim Bonus
  • In the event of death due to an accident, a free Personal Accident Cover of LKR1,000,000 for the insured.  (only applicable to Private Cars and Dual Purpose Vehicle categories)
  • In the event of death due to an accident, free Personal Accident Cover of LKR 50,000 each for 3 passengers (only applicable to Private Cars and Dual Purpose Vehicle categories)
  • Vehicle insured at current market value
  • Flexible Payment Plans including installment schemes with 0% interest rates when you pay HSBC, AMEX and Commercial Bank credit cards

What is Home Protect Insurance?

A comprehensive home insurance policy, Home Protect is the ideal cover to protect your most valued asset against unexpected and unavoidable risks and liabilities. Home Protect covers your home, your family and your valuables and your domestic staff in the event of a disaster.

Did you know that a small amount of money can cover a large amount of risk your house is imposed to?

The value of the homeAnnual installment

Scope of Covers:

  • Fire and Lightning
  • Strike, Riot & Civil Commotion ( Up to the Sum Insured)
  • Terrorism (Up to the Sum Insured)
  • Malicious Damage
  • Explosion
  • Cyclone, Storm, Tempest
  • Flood
  • Earthquake With Fire and Shock
  • Natural Disaster
  • Aircraft Damage
  • Impact Damage
  • Bursting or Overflowing of Water Tanks, Apparatus or Pipes
  • Electrical Inclusion Clause

Terms & Conditions:

  • The building should be used exclusively as a private dwelling / home and not for other purposes or domestic industries
  • The premises should be in a good state of repair
  • The structure should be walled with bricks / concrete / cement blocks and roofed

Insurance for all from the largest & strongest National Insurer

Investment & Retirement Plan

Investment & Retirement Ensure that your post-retirement lifestyle will continue to be stress free and hassle free by investing in the ideal retirement plan today.  Freedom is what we aim for with this retirement plan, providing policyholders with a monthly income to be financially independent alongside the ability to claim up to 5 times your monthly pension as an annual healthcare benefit without submitting hospital or medical bills. In addition your income will also be increased by 5% annually on compound interest.


  • A 5% increase of the guaranteed retirement income on compound interest basis
  • An annual healthcare payment that is 5 times the monthly retirement income (optional), which will also increase by 5% on a compound basis annually. This amount is payable as a lump sum each year.
  • Policy terms from 5 - 40 years
  • Highly flexible range of premium payment options (monthly, quarterly, bi-annually or annually)
  • Expandable with additional covers for enhanced protection such as Critical Illness Cover, Hospitalization Cover, Family Protection Benefits and many more
Refer to the example chart below to enlighten yourself of the features which can be customized.
Age Retirement Funds Natural Death Cover Accident Death Cover Monthly Deposit Annual Deposit
30-65 29,375,000.00 10,000,000.00 10,000,000.00 14,508.00 151,000.00
35-65 23,375,000.00 10,000,000.00 10,000,000.00 18,395.00 192,950.00
40-65 18,000,000.00 10,000,000.00 10,000,000.00 23,358.00 245,900.00
45-65 13,125,000.00 10,000,000.00 10,000,000.00 30,637.00 323,550.00
50-65 9,750,000.00 10,000,000.00 10,000,000.00 42,120.00 445,700.00

Child Education Plan

Living in a rapid developing era, the world has opened up a great deal of opportunities for your child to be a master of their inspired field. Education is the key that opens all the doors of opportunities and it is every parent’s wish to offer the best in the world for their children. We will help you to make your child’s dream a reality as we can support you with financial needs for their education through the Sri Lanka Insurance Education Insurance Plan.

With 100% national security, you can reap many benefits for your child which are beyond the traditional bank account through the Sri Lanka Insurance Corporation.

Example chart by the age of 18, 

Monthly DepositFund in bank
accounts (4.5%)
Through the
Sri Lanka Insurance Corporation
Rs. 5,000.001,683,813.002,450,000.00
Rs. 7,500.002,525,719.003,675,000.00
Rs. 10,000.003,367,626.004,900,000.00
Rs. 15,000.005,051,439.007,350,000.00
Rs. 20,000.006,735,252.009,800,000.00

Additional benefits:
In the event of the death of the guardian before the child reaches the age of 18 years

1. Wave off future premiums

2. At the time of death, the entire fund planned to be deposited goes to the child or his / her future guardian at once

3. 15% per child per year from the total fund planned to be deposited till the end of the planned period (18 years)


What People Says About Us

Thushara has been my insurance agent for last five years. He is a honest, dedicated , energetic and creative person you can rarely find. I wish him all the success in his future endeavors.

Dr.Chaminda‌ ‌Pushpakumara‌

Consultant Cardiologist, TH Kurunegala

Thushara is a genuine person with good communication skills and good qualities . He can be trust as your insurance partner.

Dr. Ruwan Samararathna

Senior Registrar in General paediatric, TH – Ragama

I have been with this agent ,Thushara for few years now, I should say his service is more than upto the standard . He is professional and very courteous.You can contact him easily and quick to respond .He has solutions for any insurance related problem. I wish him good luck.

Dr. Dinith Galaboda

Consultant Nephrologist, TH – Ragama

Writing to you Express my appreciation for the excellent customer service nearly last 12 years which i had received from you and your company. So i can recommend you and your company if any one need financial assistance. Thank you

Dr. Y.G. Upul Ranjith

BH – Medirigiriya

Mr Thushara has been my Insurance agent for several years and has been very professional and knowledgeable. He is always available to answer any questions and has wonderful personality. You could not find a better agent I highly recommend him. He is fantastic!

Dr. Udaya Samarajeewa

Consultant Surgeon, DGH Trincomalee

Thushara Rathnayake is known to me for more than 10 years and he has taken all the burden in every incident I had with insurance matters. He is a very reliable person and available around the clock. He has a very good rapport with the management which in turn allow the issues to be sorted easily whether you are in the country or abroad. Highly recommend his service for all your insurance needs

Dr. Udaya Jayasooriya

Consultant Surgeon, BH- Medirigiriya