Home Softlogic Life Insurance Plc Softlogic Life Insurance Plc In brief Softlogic Life Insurance PLC is the fastest-growing life insurance company in Sri Lanka, having enjoyed 30% annual Gross Written Premium growth during the past five years and improved market ranking to 3rd place from 8th. Softlogic Life is pioneering inclusive business development in the life insurance sector in Sri Lanka. Due to its innovative and accessible delivery channels and products, the company has built a sizeable client base among low-income customers. The loan from Finnfund will be classified as a Tier 2 loan, and as such, it will strengthen Softlogic Life’s solvency and support the company's strong growth. Main development impact By offering affordable insurance to emerging customers, Softlogic Life helps increase resilience in unexpected situations and avoid overwhelming financial shock. Softlogic Life has over half a million emerging customers with a goal to reach 3 million customers with quality, affordable and relevant insurance tools and services. Softlogic Life is the only low-cost life and health insurance provider in Sri Lanka. Together with telecoms and post services, the company can reach the most vulnerable people. In addition, health and life insurance products for 300,000 middle-income customers help the workforce stay healthy, which might indirectly impact the country's economic productivity. Investment details Name: Softlogic Life Insurance Plc Project number: 80000191 Region: Asia Country: Sri Lanka Sector: Financial institution Signing date (month/year): August 2020 Currency: USD Finnfund's financing (commitment): 7,500,000 Instrument: Loan Size of the project financing: USD 15,000,000 Share of Finnfund's financing (%): 50 % Status: Active Website: http://www.softlogiclife.lk/ Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.August Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: Softlogic Life Insurance Plc Sector: Financial institution Region: Asia Country: Sri Lanka Currency: USD Finnfund's financing (commitment): 7,500,000 Signing date (month/year): August 2020 Last update: October 2020