Sri Lanka Insurance on urgent needs of tea factories

Sri Lanka Insurance who launched business club insurance last year has introduced an innovative insurance product targeted to cater exclusively to the insurance needs of Tea Factories.

This is mainly targeted at the business community with an interest in tea plantations and storage, with risk factors affecting their factories, plants, machines, employees, buildings, stock and cash.

This comprehensive cover has been designed taking into account the individual needs of factories as well as tailor making rates for them. This insurance product which comes under SLI's business club insurance has much flexibility in terms of rates and cover limits - and is a product that guarantees tea factory owners "100% peace of mind".

The policy consists of three parts - with part "A" - combined Fire and allied perils section, which is standard under the policy.

The combined rate can be determined on the merit of the individual case after a survey. Part "B" covers are optional and can be selected at the option of the customer with an additional premium. Thirdly, the policy offers several covers free of charge.