Every parent sacrifices as much as they can to ensure that their children’s hopes and dreams are realised. Union Assurance, in keeping with its brand promise, offers uninterrupted protection for their education with Sisumaga+.
Sisumaga+ is a unique protection-based education plan that helps parents manage the cost of higher education. It is designed to provide a customisable education fund that grows continuously with an annual interest paid by Union Assurance in the form of monthly dividends towards the fund balance and a loyalty bonus of 15% paid at maturity.
Going beyond the average education plan, Sisumaga+ offers all-round protection in the unfortunate demise of the policyholder (parents) by offering a lump-sum amount to fuel the immediate education needs of their children through its life cover, while continuing to build the fund with continuous premium settlements made by Union Assurance until maturity. It also offers the added benefit of an ‘education assistance fee,’ which is a consistent monthly income to cover all educational expenses of children from the day of the policyholder’s demise until the maturity of the policy.
With Sisumaga+, every parent will have peace of mind knowing that their child’s dreams are taken care of by Sri Lanka’s largest and fastest-growing Life insurance company. Further information could be obtained through the Company’s 24/7 trilingual call centre at 1330, or through the Union Assurance website https://unionassurance.com/sisumaga/
On this World Children’s Day, Union Assurance thanks all parents who are dedicated to safeguarding the future of our country.
Union Assurance is a part of the John Keells Group, one of Sri Lanka’s largest listed conglomerates. It is among the most awarded Insurance companies in Sri Lanka, completing over three decades of success with a market capitalization of Rs. 16.6 Bn, a Life Fund of Rs. 45.3 Bn and a Capital Adequacy Ratio (CAR) of 300% as at June 2021. Set to empower the Sri Lankan Dream, Union Assurance offers Life Insurance solutions that cover education, health, investment, protection, and retirement needs of Sri Lankans. With 76 branches and an over 3000-strong workforce, Union Assurance continues to invest in people, products, and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.