Sanasa Life Insurance signs specialized insurance MOU in collaboration with Colombo-Re and Carekleen

Stemming from its ethics of supporting the underprivileged, Sanasa Life Insurance has revolutionized the insurance landscape by providing various innovative and affordable insurance solutions. It is with this background that Sanasa Life Insurance partnered with Colombo-Re and Carekleen (Pvt) LTD to bring yet another insurance policy to provide an affordable insurance scheme for the employees of Carekleen.    

With over 36 years in the sanitation and cleaning industry, Carekleen is supported by its dedicated workforce of 1,800 employees who undertake demanding labor-intensive work. Given the nature of their work, employees are exposed to the risk of occupational hazards daily.

These workers come from underprivileged backgrounds. As a consequence of their economic situation, they could easily face devastating challenges in managing unforeseen circumstances such as the breadwinner in the family losing his or her life.

It is with this in mind that Sanasa Life Insurance came up with a tailor-made insurance scheme that addresses the risks these workers face. This groundbreaking and cost-effective insurance policy provides employees with life and funeral coverage for an annual premium at a modest Rs. 800/-.

To commence the introduction of this specialized life policy, a Memorandum of Understanding (MOU) was signed among the three organizations. The MOU was formalized through the signatures of Mr. Ivan Nicholas, Chief Executive Officer of Sanasa Life Insurance, Mrs. Roshini Silva, Chief Executive Officer and Principal Officer of Colombo-Re Insurance Brokers (Pvt) Ltd, and Mr. Jehan Fernando, Managing Director of Carekleen (Pvt) Ltd.

Commenting on signing the MOU, ‘We are proud to play a significant role in this organizational partnership that secures the future of low-income earners’ said Mr. Ivan Nicholas, CEO of Sanasa Life Insurance. ‘Insurance is an evolving field and we have been able to evolve with it, creating innovative solutions geared to meet the financial capabilities of our clients and helping them during times of need’.

This collaboration between these 3 organizations is a commitment to bring about a change for the better, assuring underprivileged individuals are provided with extended support by their employers.

Mr. Jehan Fernando, Managing Director of Carekleen (Pvt) Ltd explained, ‘An organization’s greatest asset is its employees. At Carekleen we maintain this as a core ethic, aspiring to do as much as we can to enhance the lives of our employees. Enabling an insurance policy that they can easily afford is such an initiative. We express our sincere gratitude to Sanasa Life Insurance and Colombo-Re for this innovative insurance scheme, which aligns seamlessly with our commitment to enhancing the well-being of our employees.

This scheme provides a comprehensive cover in the event of loss of life during their employment period at Carekleen. Connecting Carekleen and Sanasa Life Insurance to bring about this unique solution, Colombore Insurance Brokers played the intermediary role.

Mrs. Roshini Silva, CEO/Principal Officer of Colombo-Re Insurance Brokers (Pvt) Ltd explained, ‘Being able to play a pivotal role in this structure of an innovative insurance policy and its implementation is our pride and joy. We as an organization embrace the ethics that Sanasa Life Insurance abides by and are glad to bring this specialized insurance policy to a truly deserving workforce. Mrs. Silva further goes on to say ‘This policy acts as an enhancement to their lives by way of having a ‘safety net’ during times of difficulty.   

A notable benefit of this policy is its provision of financial security beyond the employee's immediate family, extending protection to extended relatives such as in-laws.

The signing of the MOU between Sanasa life Insurance, Colombo-Re Brokers, and Carekleen marks yet another first in the field of insurance. These innovative solutions are milestones that elevate the standards and scope of specialized insurance policies which enables the inclusion of various segments of society, especially those who cannot afford conventional insurance premiums available in the market.

Sanasa Life Insurance promises even more diverse solutions for the future, creating horizons and breaking boundaries in the field of insurance.