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The 120,000th Janaratha Motor Insurance Policy by Janashakthi was recently handed over at a ceremony at their head office.

Janashakthi is the pioneer insurer which created hassle free motor insurance in the industry seven years ago by readily accepting vehicle insurance in their product portfolio and took the entire market into a totally new dimension at that time. Janashakthi has excelled in the areas of providing a faster settlement and a fair assessment of claims along with a high level of service standard to its customers.

With the recent acquisition of the National Insurance Company Janashakthi has further consolidated their market position by emerging as the No.2, ahead of all other private insurers with a consolidated market share of 20% in motor insurance.

It is in this backdrop that JIC is launching its entire motor insurance portfolio including that of NIC under the Janaratha brand name bringing both businesses under one umbrella brand which will benefit both NIC and JIC policy holders through the extensive network island.

C. T. A. Schaffter, Managing Director JICL said, "JIC with regard to general insurance proves to be a formidable force in the local insurance industry since it posted a 26% growth over the previous year from Rs. 343 million to Rs. 432 million."

The Board of Directors of Janashakthi Insurance Company Limited comprises Nissanka Wijewardane, Chairman, C. T. A. Schaffer, Managing Director, Tryphon R. Mirando, Prakash Schaffter, W. T. Ellawala, L. C. R. de C. Wijetunga, N. Pararajasingam and Thilak S. Ranasinghe.

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Copyright 2001 The Associated Newspapers of Ceylon Ltd.
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