Rs.4mn in accidental health insurance for all Ceylinco VIP On The Spot policyholders: Another indust

25 September 2015 02:57 am - 0 - {{hitsCtrl.values.hits}}

A A A

Ceylinco General Insurance has long been in the business of providing insurance solutions that are in perfect sync with the Sri Lankan psyche, just as when they innovated the On The Spot concept, back in 2003, winning several international and local accolades, which saw motor claims paid on the spot to customers. Its latest offering, according to its Chief Executive Officer Ajith Gunawardena, the architect of the On The Spot claim settlement methodology, whose aim is to continually innovate, so that all Sri Lankans will enjoy the best benefits insurance has to offer, is no different.

Taking into account the myriad challenges that face the Sri Lankan motoring public, Ceylinco General Insurance’s flagship brand – Ceylinco VIP On The Spot, introducing another industry first, upped the ante in the local insurance arena recently, offering an unprecedented Rs.4 million as accidental health insurance, as a value addition to each Ceylinco VIP policy. The icing on the cake – there is no change in premium; it’s absolutely free.

The new benefit consists of several components, according to Gunawardena, who explained that each component had been decided on through a need-based analysis. Accordingly, the new benefit will include a cover of Rs.1.3 million for hospitalisation expenses, in the event of a road traffic accident within Sri Lanka and for follow-up treatment overseas if necessary, dependent on a medical recommendation.

Further, if the policyholder is overseas, travelling, he or she will be entitled to a hospitalisation cover, due to any medical emergency, up to Rs.1.3 million and up to Rs.2.6 million for hospitalisation expenses due to an accident, up to 15 days per trip. Adding further cover, overseas travellers will also be entitled to a personal accident cover of Rs.1.3 million, which will include death and total permanent disablement covers, during their stay overseas, while also being entitled to a cover for permanent partial disablements, of up to Rs.650,000.

The CEO of Ceylinco General Insurance further explained that the benefits announced will be applicable to Ceylinco VIP On The Spot comprehensive policyholders, for their cars, vans, jeeps, double cabs, buses lorries and three-wheels, while comprehensive VIP motorcycle policyholders have not been forgotten, as they will be entitled to a hospitalisation cover of Rs.300,000, in the event of a road traffic accident within Sri Lanka, while enjoying all the benefits outlined for larger vehicles, in the event of travelling overseas.

Gunawardena added further that even third-party VIP customers will benefit, with a cover of Rs.200,000 for hospitalisation, in the event of a road traffic accident within Sri Lanka for vehicles and Rs.100,000 for motorcycles.

Asked to explain the roll out plan for the new benefits, Gunawardena indicated that the new cover will be valid for new policies, explaining that existing policyholders will get to enjoy the new benefits with their next renewal, but added that in the case of individual customers, the insured will be entitled to this revolutionary benefit, while corporate customers or fleet owners must name an individual (user or driver) as beneficiary.

“Ceylinco General Insurance has always had the best interest of the customer at heart, as it is our loyal clientele who have made us who we are. Being the undisputed market leader in the Sri Lankan insurance arena and maintaining that position uninterrupted for almost a decade stands testament to how millions of Sri Lankans feel about us and it is incumbent on us to ensure that their needs are anticipated and met and that they have the best service at all times,” Gunawardena said, explaining the ethos behind the credo of continuous innovation, adopted by Ceylinco General Insurance.

He went on to say that Ceylinco General Insurance does not believe in discounts or undercutting the insurance market, as that would prove fatal to the whole industry in the long term and instead, endorsed the idea of providing more and more benefits and innovations that will benefit both the customer and the industry.

Ceylinco General Insurance revolutionised the motor insurance sphere in 2003, when it introduced the On The Spot claim settlement methodology, which was subsequently hailed by the Asian Insurance fraternity, winning Ceylinco The Innovation Of The Year accolade, at the Asia Insurance Awards. Besides maintaining a reputation for timely and total claim settlement, Ceylinco General offers what is arguably the best motor insurance policy in the market, with such innovative benefits as a similar replacement vehicle, in the event of an accident, where the repair exceeds four days, emergency roadside assistance, personal accident cover of up to Rs.200,000 for each passenger, entitlement to No Claim Bonus regardless of claims, the insured value of the vehicle increasing by 10 percent every year without paying an additional premium and the payment of lease instalments of up to two months, in the event of a repair exceeding thirty days, a 10-year warranty from the year of manufacture against manufacturing defects plastic surgery cover for ladies of up to Rs.100,000, etc.

With the country’s largest branch network for General Insurance, a 24-hour call centre that facilitates on the spot claim settlement and offers roadside assistance to customers, VIP On The Spot Rest Centres located throughout the nations’ main highways and an unmatched array of benefits, Ceylinco General Insurance is poised to be No.1 for a long, long time.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Rs.4mn in accidental health insurance for all Ceylinco VIP On The Spot policyholders: Another indust

Comments - 0

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

A US “Kaputa”, a Lankan “Nariya” and a Presidential “Feast”

Confusion remains if April 15 is a bank holiday

SL on alert on possible genocide allegations by Canada

Former MP Palitha Thewarapperuma dies from electrocution

Belgian traveller scammed in Kalutara

MIRROR CRICKET

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

TODAY'S HEADLINES

Wild elephants pull down 16 telephone poles

Middleman arrested for price gouging at Kalutara eatery

Bondholders’ agreement delay won’t hinder IMF third tranche payout: Dr. Coomaraswamy

Party leaders to shoot down MPs request for concessionary duty free vehicle permits

Hardik fined Rs 12 lakh for violating IPL code of conduct after win over Punjab Kings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings