HNB General Insurance Takaful, the Islamic Insurance unit of HNB General Insurance Limited (HNBGI), a fully owned subsidiary of HNB Assurance PLC (HNBA), received the Gold Award for ‘Takaful Window/Unit of the Year’ at the recently held Islamic Finance Forum of South Asia.
Amongst many nominees from India, Pakistan, Maldives and Bangladesh, the Takaful Window of HNBGI claimed Gold proving its financial stability, diversity and scope in an emerging market.
Sharing his thoughts, Managing Director/CEO of HNBA and HNBGI Deepthi Lokuarachchi stated, “This achievement augurs well for us as wetranscend our services through cross sections of our society, while providing protection to people and businesses. I am extremely pleased and honoured to note that we have emerged as the winner of this prestigious
Gold Award”. Sharing views, HNBGI’s Chief Business Officer, Corporate Lines Chandana L. Aluthgama stated, “The Takaful Window of HNBGI has been successful in establishing its presence in this specialized and unique market and the Takaful Window of HNBGI has been well focused on the needs of the community. The company has taken extensive measures to develop more effective Takaful solutionsin compliance with the Insurance Board of Sri Lanka and the Sharia Board guidelines. This accolade will further strengthen our resolve to keep improving on our product proposition, service delivery and customer interactions”.
Speaking on the acheivement, Hifly Huzair, Senior Manager, Takaful thanked the team for their dedication, commitment and efforts toovercome the challenges in the market and to stabilize the venture within a short span of time.
HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 56 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’ and ‘National Long- term Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB
HNBA is rated within the Top 100 Brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won International awards for Brand Excellence, Digital Marketing and HR Excellence and also won many awards for its Annual Reports at the Award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation of Accountants).