{"id":75615,"date":"2021-10-16T02:23:28","date_gmt":"2021-10-16T02:23:28","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=75615"},"modified":"2021-10-16T02:23:28","modified_gmt":"2021-10-16T02:23:28","slug":"softlogic-life-launches-dollar-saver-sls-first-foreign-currency-insurance-solution","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/softlogic-life-launches-dollar-saver-sls-first-foreign-currency-insurance-solution\/","title":{"rendered":"Softlogic Life launches \u2018Dollar Saver\u2019: SL\u2019s first foreign currency insurance solution"},"content":{"rendered":"<header class=\"inner-h\">\n<h1 class=\"innerheader\" style=\"text-align: center;\"><span style=\"color: #003300; font-size: 24px;\">Softlogic Life launches \u2018Dollar Saver\u2019: SL\u2019s first foreign currency insurance solution<\/span><\/h1>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-75616 size-medium\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/10\/Softlogic-Life-launches-Dollar-Saver-600x257.jpg\" alt=\"Softlogic Life launches \u2018Dollar Saver\u2019: SL\u2019s first foreign currency insurance solution\" width=\"600\" height=\"257\" \/><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Source:-<a style=\"color: #000000;\" href=\"https:\/\/www.ft.lk\/financial-services\/Softlogic-Life-launches-Dollar-Saver-SL-s-first-foreign-currency-insurance-solution\/42-724454\" target=\"_blank\" rel=\"noopener\">www.ft.lk<\/a><\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Affirming its indelible reputation as Sri Lanka\u2019s fastest growing life insurer, Softlogic Life goes beyond borders with the introduction of a powerful new USD savings life insurance solution, \u2018Dollar Saver\u2019 that will be offered to Sri Lankans working and living overseas.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Setting yet another benchmark in the country\u2019s highly competitive insurance sector, the two-year savings plan enables Sri Lankans residing overseas to enjoy a 6.5% guaranteed annual return on their savings in dollars, while also benefiting from a life insurance cover equal to the maturity benefit. Softlogic Life\u2019s Dollar Saver makes its mark in Sri Lanka as a first of its kind solution offered by a life insurance company within the nation. The product will be offered in full accordance with Sri Lanka\u2019s Forex Regulations.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Dollar Saver was launched in a virtual setting signifying the tech-based approach that has been adopted to ensure anytime anywhere take up of this policy. Highlighting the significance of the launch, Chief Guest Central Bank Governor Ajith Nivard Cabraal stated, \u201cTo keep Sri Lanka\u2019s growth momentum, it is vital to attract foreign investments and one such key method in which savings can be generated is in the form of insurance and innovative financial instruments. The penetration of the insurance market is important and significant towards driving the country\u2019s economy. I congratulate Softlogic Life on designing this innovative product which will now create a way for Sri Lankans who are working and living overseas to be part of a savings community in Sri Lanka.\u201d<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Softlogic Life\u2019s Dollar Saver addresses both the protection and investment needs of Sri Lankans domiciled overseas with a foreign income. The product is open for dual citizens as well as Sri Lankan residents who earn income from an overseas source. Customers can start with a minimum of $ 5,000 and go up to a maximum of $ 100,000 with just a one-time premium payment.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cIn today\u2019s context, with the competition and what\u2019s going around the world, it is best for companies to evolve. Especially with the pandemic, it is key to evolve with technological advancements. Softlogic Life has always been an early adopter of technology even before the pandemic which has helped the company grow by 43% in the first half of 2021 amidst everything. With a clear advantage over the competition, we were ready to move forward and extend our insurance services to over two million Sri Lankans living beyond borders while giving an opportunity to bring in more dollars to Sri Lanka,\u201d remarked Softlogic Holdings PLC Chairman Ashok Pathirage.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Customers can sign up to the Dollar Saver Plan through Softlogic Life\u2019s highly secure, 100% paperless, digital onboarding process. They are also offered the convenient options of making their premium payments through any credit or debit card that are subject to limits, or fund transfers.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cAs Sri Lanka\u2019s fastest growing insurance company with a revenue growth (GWP) of 43% in the first half of 2021 and a five-year CAGR of 30% which is almost double the industry, we are proud to have launched Sri Lanka\u2019s first ever foreign currency insurance product that combines the elements of protection and investment returns in a meaningful manner. While this product is fully in accordance with the Central Bank forex and other regulatory requirements, the proceeds will be invested in government securities and similar risk instruments avoiding currency exposure to maintain all the liquidity on behalf of our policyholders. We extend a very warm welcome to all Sri Lankans earning a foreign income to join us online with a Dollar Saver policy so that you can earn a guaranteed return on your dollar savings and we can protect everything that is precious to you,\u201d commented Softlogic Life Insurance PLC Managing Director Iftikar Ahamed.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><\/h3>\n<\/header>\n<div class=\"row d-none d-lg-block\"><center><\/p>\n<div><\/div>\n<p><\/center><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Softlogic Life launches \u2018Dollar Saver\u2019: SL\u2019s first foreign currency insurance solution Source:-www.ft.lk Affirming its indelible reputation as Sri Lanka\u2019s fastest growing life insurer, Softlogic Life goes beyond borders with the introduction of a powerful new USD savings life insurance solution, \u2018Dollar Saver\u2019 that will be offered to Sri Lankans working and living overseas. Setting yet [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":75616,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20,35513],"tags":[38016,38015,36028,38014],"class_list":{"0":"post-75615","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"category-elanka-finance","9":"tag-ashok-pathirage","10":"tag-dollar-saver","11":"tag-softlogic-life","12":"tag-softlogic-life-insurance","13":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Softlogic Life launches \u2018Dollar Saver\u2019: SL\u2019s first foreign currency insurance solution - eLanka<\/title>\n<meta name=\"description\" content=\"Affirming its indelible reputation as Sri Lanka\u2019s fastest growing life insurer, Softlogic Life goes beyond borders with the introduction of a powerful new USD savings life insurance solution, \u2018Dollar Saver\u2019 that will be offered to Sri Lankans working and living overseas.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Softlogic Life launches \u2018Dollar Saver\u2019: SL\u2019s first foreign currency insurance solution\" \/>\n<meta property=\"og:description\" content=\"Affirming its indelible reputation as Sri Lanka\u2019s fastest growing life insurer, Softlogic Life goes beyond borders with the introduction of a powerful new USD savings life insurance solution, \u2018Dollar Saver\u2019 that will be offered to Sri Lankans working and living overseas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/softlogic-life-launches-dollar-saver-sls-first-foreign-currency-insurance-solution\/\" \/>\n<meta property=\"og:site_name\" content=\"eLanka\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eLanka.com.au\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-16T02:23:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/10\/Softlogic-Life-launches-Dollar-Saver.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"826\" \/>\n\t<meta property=\"og:image:height\" content=\"354\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"eLanka admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"eLanka admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/softlogic-life-launches-dollar-saver-sls-first-foreign-currency-insurance-solution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/softlogic-life-launches-dollar-saver-sls-first-foreign-currency-insurance-solution\/\"},\"author\":{\"name\":\"eLanka admin\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/f6e635b74ab35ef88a68a9973cacc5bd\"},\"headline\":\"Softlogic Life launches \u2018Dollar Saver\u2019: SL\u2019s first foreign currency insurance solution\",\"datePublished\":\"2021-10-16T02:23:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/softlogic-life-launches-dollar-saver-sls-first-foreign-currency-insurance-solution\/\"},\"wordCount\":648,\"publisher\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#organization\"},\"image\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/softlogic-life-launches-dollar-saver-sls-first-foreign-currency-insurance-solution\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/10\/Softlogic-Life-launches-Dollar-Saver.jpg\",\"keywords\":[\"Ashok Pathirage.\",\"Dollar Saver\",\"Softlogic Life\",\"Softlogic Life Insurance\"],\"articleSection\":[\"Articles\",\"elanka Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/softlogic-life-launches-dollar-saver-sls-first-foreign-currency-insurance-solution\/\",\"url\":\"https:\/\/websitedesigns.com.au\/elankanew\/softlogic-life-launches-dollar-saver-sls-first-foreign-currency-insurance-solution\/\",\"name\":\"Softlogic Life launches \u2018Dollar Saver\u2019: SL\u2019s first foreign currency insurance solution - 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