📋 HNB Life Launches "Privileged Protect" Insurance Plan

Marking its 25th anniversary, HNB Life has introduced Privileged Protect, a novel universal life insurance solution tailored for modern Sri Lankans. The product combines short-term premium commitments with long-term financial protection and wealth accumulation. Key Product Features & Benefits: • Flexible Payments: Offers shorter premium paying terms while maintaining continued long-term coverage and investment growth. • Core Protection: Includes six compulsory protection benefits alongside regular dividend and loyalty dividend entitlements. • Liquidity & Income: Features partial withdrawal facilities after five years and the option to convert maturity values into a monthly income stream. • Customization: Allows policyholders to enhance investments via top-up premiums and continue optional riders past the premium paying term. Corporate Insights: • CEO Lasitha Wimalaratne highlighted that the product aligns with changing customer aspirations for smarter, flexible financial planning and security. • CTO Dinesh Udawatta noted that modern consumers increasingly demand insurance models that move beyond traditional protection to offer convenience and long-term value creation. _Note: HNB Life PLC is licensed by the IRCSL. Policyholders are advised to read policy terms and conditions before purchasing._