Sri Lanka Insurance introduces “Jana Rekuma” to extend insurance to the masses

Business

Sri Lanka Insurance (SLIC) has introduced “Jana Rakuma” Individual Personal Accident Cover to extend the benefits of insurance to the general masses of Sri Lanka.

The “Jana Rekuma” Individual Personal Accident Cover caters to the mass market covering individuals who are not insured, yet are highly vulnerable to various risks. The cover is specially designed with an affordable premium covering accidental death under three insured limits Rs. 250,000, Rs. 500,000 and Rs. 1,000,000, and provides cover for funeral expenses and provides daily cash benefit in the event of hospitalisation, the insurance company said in a media release.

“The much needed affordable insurance reflects the efforts of Sri Lanka Insurance to include more communities, segments and age groups under the banner of “Insurance for All” which develops practical and accessible insurance solutions for all socio-economic groups,” it said.

Sri Lanka Insurance Chairman Eng. Vijitha Herath and Chief Executive Officer Chandana L. Aluthgama and the corporate management obtained the “Jana Rekuma” Individual Personal Accident cover to symbolise the launch of the insurance. Further, an internal awareness drive was conducted across all departments of SLIC allowing SLIC staff members the opportunity to purchase the insurance cover.

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