Union Assurance recognized for product innovation approaches

Appreciating the innovative product designing approaches, Union Assurance (UA) was able to receive the recognition for its efforts on the introduction of the unique Health Insurance Solution - Union Smart Health. 

This acknowledgement was received at the Fintelekt Insurance Awards at The Lalit Sahar, Mumbai. This award stands out since the awards ceremony is renowned for honouring the achievements of insurance companies in Sri Lanka and India.   

The recognition was solely based on several unique features including an automatic increase in limits in case no claim has been made within a policy year and a revive benefit allowing customers’ to claim the annual limit on the policy twice in one year if the cause of the hospitalization is not related to previous hospitalizations.

In addition, Union Smart Health product includes set of smart features such as – hassle free bill payment, per day hospital cash benefit for hospitalizations in non-paying wards, day care surgery cover, selection between family cover or individual cover and overseas cover. Commenting on the recognition, Life Insurance General Manager Iroshini Tittagalla expressed: “We are extremely glad to receive the recognition for the efforts we have centred across to introduce such a valued, innovative and unique health insurance product to our customers. Our team will be working hard to keep all the life insurance products evolving, to cater the ever-changing requirements of the communities we operate in. This recognition would be yet another accomplishment and a great motivation for our team to keep adding the innovative flavours and blending it with our business strategies.”

Union Assurance operates on the platform of trust, based on the brand values of convenience, respect, and transparency. UA has integrated its innovative strategy into all facets of the business to provide unparalleled levels of customer convenience. The company expects to synchronize its innovative strategy to fulfill the promise of ‘Trusted Protection’ to all its customers and other stakeholders.