Short answer

• There’s no single price — life insurance in Sri Lanka can cost as little as a few rupees a day for very small, micro‑cover plans, up to several thousand rupees per month for larger individual/term or investment‑linked policies. Typical affordable examples you’ll see on insurer sites are roughly LKR 50–1,500 per month for basic covers and LKR 1,000+ per month for multi‑million‑rupee covers. (BIMA.lk)

Why the wide range

• Sum assured (cover amount): bigger death benefit → higher premium.
• Age and health of the insured (and smoker status).
• Policy type: pure term cover is cheapest for a given sum assured; endowment / unit‑linked / savings plans cost more.
• Term length and payment mode (monthly vs annual).
• Add‑ons (critical illness, disability, accidental death).

Concrete examples from Sri Lankan providers (illustrative)

• Ceylinco Life “Smart Saver” (example): life cover LKR 2,000,000 with a listed monthly premium LKR 1,050 (premium may vary by age/health). (ceylincolife.com)
• BIMA / partner micro plans: tiered monthly options — e.g., LKR ~1,412/month for LKR 2,000,000 cover, or lower tiers (LKR ~703/month for LKR 1,000,000; smaller covers from LKR ~51/month). (These are packaged, low‑cost digital/micro policies). (BIMA.lk)
• Sri Lanka Insurance / group plans: employer/group term plans show minimum monthly premiums from several hundred to LKR 1,000+ depending on the plan (example mini‑plans list minimum premiums from LKR 500–1,000+). (srilankainsurance.com)
• Softlogic / postal style plans: examples advertise daily pricing (e.g., “Rs. 5 per day” product or monthly LKR 150–300 for small fixed covers). (softlogiclife.lk)

Approximate USD conversions (so you can compare from the US)

• Sri Lanka’s exchange rate in October 2025 is about 302–304 LKR = 1 USD. That means: LKR 1,000 ≈ USD 3.30; LKR 1,050 ≈ USD 3.45; LKR 1,400 ≈ USD 4.60 (approximate — use live rate for exact). (exchange-rates.org)

How to find the exact cost for you

1. Decide the type (term only vs. savings/unit‑linked vs. group/micro).
2. Pick desired sum assured and term.
3. Use insurer online calculators or request a quote — insurers publish sample premiums on their product pages (Ceylinco, Softlogic, BIMA, Sri Lanka Insurance, AIA Sri Lanka, etc.). (ceylincolife.com)
4. Compare at least 3 insurers and check whether medicals or loadings apply for age/health/smoking.
5. Ask about exclusions, waiting periods, and whether premiums are level or increasing.

If you want, I can:

• run a quick comparison for a specific profile (age, smoker/non‑smoker, desired sum assured and term) and return sample premium quotes from major Sri Lankan insurers; or
• point you to the online calculators for particular insurers so you can get live quotes.

Which would you prefer?