October, 31, 2022
Sri Lanka Insurance (SLIC), the Nation's first choice for Risk Protection and Life Investment, recently launched a brand new and specially designed motor insurance policy with unique benefits for individuals over the age of 60. SLIC’s Motorplus Drive60 comprehensive motor insurance package for senior citizens is the first of its kind to be introduced in Sri Lanka.
After careful market research, SLIC’s findings revealed that the aging population in Sri Lanka is rapidly increasing. With 12.3% of the population over the age of 60 years, Sri Lanka has the highest proportion of older adults in South Asia. Given the statistics, the introduction of Motorplus Drive60 is a timely initiative by SLIC.
As a part of the insurance cover, As a part of the insurance cover, a free towing cover of Rs. 10,000/-, call and move service is available in the event of an accident for private cars and private dual-purpose vehicles with a sum insured greater than Rs. 5 million, cashless repair facilities, and Bee Express speedy claim settlement within 3 working hours Waiving off after repair inspection for claims under Rs. 100,000, waiving off salvage parts, special repair offers for claims and discounted packages from private hospitals will be included as some of the many value additions to the benefit of senior citizens.
Additionally, SLIC has partnered with Lanka Hospitals and Nawaloka Hospitals to offer exclusive discount packages for a range of medical services, inclusive of ambulance call-outs for all Motorplus Drive60 Policyholders.
SLIC’s Motorplus Drive60 policy can be purchased or renewed by anyone who is over the age of 60 by producing their National Identity Card number or Motor Plus Insurance certificate to be entitled to the benefits and special packages. Interested senior citizens are encouraged to call 0112 357357 for more information.
Established in 1962, Sri Lanka Insurance Corporation celebrates 60 years of excellence as the largest government-owned insurance company in Sri Lanka, with a managed asset base of over Rs.268 billion and a Life fund of Rs. 152 billion, the largest in the local insurance industry. The insurer is also the first and only local insurer to secure Fitch Ratings AA (lka) rating for its long-term financial stability and sustainability and also Sri Lanka Insurance ranked as the ‘Most Valuable General Insurance Brand’, ‘Most Loved Insurance Brand’ for the 5th consecutive year in the country by Brand Finance.