Softlogic Life, made its entry into the previously untapped micro-insurance market recently with the introduction of postal life insurance policies. The company plans to introduce these life solutions by leveraging a key partnership with the Sri Lankan Postal Department’s islandwide network of post offices. Softlogic Life has introduced two policy plans of Rs. 150,000 and Rs. 300, 000 which cover both natural and accidental deaths.
“By having a health or life insurance cover, people can avert themselves from the financial burden of sudden events, such as the loss of a loved one or falling ill. For these sudden needs, it is always better to set aside a sum of money every month through an insurance cover which gives us fundamental stability, in terms of providing the ability to give best of healthcare possible or the ability to provide a stable life for the family after the breadwinner’s death and therefore mental freedom,” Softlogic Life Managing Director, Iftikar Ahamed said.