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| Thursday, 06 January 2005 |
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by P. Krishnaswamy In a generous initiative to assist customers affected by the tsunami disaster, the Sri Lanka Insurance (SLI) has waived conditions that restrict payments on claims in respect of damaged motor vehicles and is now in the process of settling all such claims, SLI Consultant (Motor), Suren Galagoda, told the 'Daily News'. Eventhough comprehensive motor vehicle insurance does not cover floods and other natural disasters and neither re-insurance institutions pay on them the SLI decided to settle the claims as an 'ex-gratia' in order to help customers in distress. An amount of Rs. 2,675,000, being the first payment of this kind, was settled on Monday at the SLI headquarters on a vehicle that was found damaged in the Yala Wildlife sanctuary, Galagoda said. The two passengers of the ill-fated vehicle, Director General of Security and Exchange Commission, Palitha Silva Gunawardene and his wife, got killed and the insurance amount was paid to the company, he said. A special unit set up at the SLI headquarters to quickly process all such motor vehicle claims was functioning round the clock. The SLI would be in a position to settle claims even within one or two hours on receiving the claim forms, he said. Those who have not submitted their claim forms should do so at their earliest and should also inform their Disaster Emergency Centre on telephone No. 2357999 for facilitating the settlement process, he said. They have so far received 600 claims and of them 550 did not have cover for floods. They anticipated receiving about 800 claims in all and settlements on them will cost more than Rs. 400 million, he said. SLI was the first to honour motor claims from the recent natural disaster and they were also the first to send out assessment teams to the affected areas deep in the South of the country and other parts, he said. |
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