Ceylinco Life settles over 5,000 claims

Ceylinco Life has settled more than 5,000 claims in the first four months of 2009, a media release said.

The company said it had paid out nearly Rs 131 million in respect of 5,017 policies between January and April this year, of which more than 74 percent or Rs 97.4 million were death claims.

Ceylinco Life Deputy Chief Executive Director Thushara Ranasinghe said, “We continue to maintain our record of speedy and hassle-free settlement, which is one of the benchmarks of a well-run insurance business,”

The largest number of claims (4,324) represented Hospital Cash benefits. Other claims settled were in respect of major surgery policies, critical illness (Ceylinco Family Digasiri), and partial or permanent disability, Ranasinghe said.