Besides being a statutory requirement under the Motor Traffic Act, a Motor Insurance
Policy is an economic necessity because it provides financial support in an
unfortunate event of loss of or accidental damage to your vehicle. The policy ensures
that your vehicle is protected not only from your legal liability towards third parties &
their properties but also from the financial losses due to damage or accidents or
even theft of the vehicle.
Key Features of LOLC Motor Insurance
- Free "Air Bag Cover".
- Highest "No Claim Bonus".
- 24-Hour Customer Care Hotline service.
- Onsite Inspection-Island wide network of garages & assessor Panels.
- Options of selecting a garage of your choice to carry out repairs.
- Direct settlement of claims to garages.
- Priority inspections and repairs at LOLC Motors Ltd.
- Free towing facility within the greater colombo area
- Slip transfer facility for speedy claim settlement
Exclusively in respect of "Private Cars" and "Private Dual Purpose" Vehicles
- Towing chargers up to a maximum limit of Rs.30,000/- Subject to an additional premium.
- Daily Allowance of Rs.3,000.00 for Alternative Transportation - except the first two days (based on labour hours) and up to a maximum of 10 days -
Subject to an additional premium.
- Critical illness cover up to Rs. 1,000,000/- covering 29 critical illnesses (subject to an additional premium for vehicle owners age less than 55 years)