LOLC General Insurance | Motor Insurance

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Motor insurance

LOLC Motor Insurance’s new lifestyle loyalty program ‘Honours’ is crafted with seamless and delightful experiences that provide consumers with real value. Loyal customers will be grouped into four (04) tiered multi-level memberships such as Bronze, Silver, Gold and Platinum and continuously rewarded with benefits every day.

The rewards scheme is applicable for all our Motor Policyholders who will receive valuable discounts and benefits through over 100 merchant networks with a reach of over 1,000 locations. We believe this will offset the cost of customer insurance premium and more.

Loyalty points may be accumulated through the partner merchant network and can be redeemed towards a customer’s own policy renewal, or at merchant partners or contribute to a social cause.

We also believe that insurance should be a product which is easy to comprehend to the end customer, aspires to increase the user-friendliness of its products for its customers throughout the policy life cycle and launches its journey towards an ergonomic policy design platform know as ‘Build Your Own’ (BYO). BYO offers a unique intuitive quotation design, for easy customer reference across different motor insurance products and concepts including tailor-made insurance solutions to fit each customer’s wallet.

Additional features of the platform includes product comparison, the widest range of add-on covers and a free LOLC Credit Card with easy payment plans, (subject to eligibility).

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)