Softlogic Life speeds up expansion, adds 5 Branches in 3Q

Further strengthening its network spread across the island, Sri Lanka’s fastest growing life insurer Softlogic Life opened five branches in – Anuradhapura, Badulla, Kurunegala, Seeduwa and Weligama, during the September quarter. This brings the total network to 84 locations.

The company cited the opening of five branches in quick succession as a milestone that further testifies to the fact that Softlogic Life is dedicated to strategically expanding its reach to enable its special blend of products to be accessed by all Sri Lankans throughout the length and breadth of the country. The continued branch expansion has delivered significant results with the Company recording GWP of Rs 3.3Billion for the first half of 2017 that was a growth of 23%, more than doubling the Industry growth rate of 11.4%. The Company has optimized technology to deliver superior customer service with its very special “One Day Claim Service” where over 85% of claims are settled in one single day. Softlogic Life customers also have access to special benefits that include; Doctor at your doorstep, Medicine Delivery and Emergency Medical Assistance in collaboration with the Group’s Asiri Hospitals.

Softlogic Life Insurance PLC is a subsidiary of Softlogic Capital PLC and is part of the Softlogic Group, which is recognized as one of Sri Lanka’s most diversified and fastest-growing conglomerates, with interests in Healthcare, Retail, ICT, Leisure, Automobiles and Financial Services. Significant stakeholders in the company also include FMO and DEG, who are rated ‘AAA’ Development Financial Institutions from the Netherlands and Germany, respectively.