ADVERTORIAL

Ceylinco VIP launches Warranty Insurance

Ceylinco Insurance recently launched Warranty Insurance for the motoring public of Sri Lanka.

The advantage in Warranty Insurance is that it pays for the mechanical defects of the parts in re-conditioned vehicles that are covered under the insurance, during the first year from the date of purchase.

Brand new vehicles will be given an extended warranty of up to two years on top of the warranty given by the manufacturer. The new insurance scheme is hailed as a industry first that enhances and adds value to the concept of insuring a vehicle, confirm Ceylinco Insurance sources.

“Regular vehicle insurance only settles claims if the vehicle has met with an accident. But with Warranty Insurance, Ceylinco VIP On the Spot offers the vehicle owners yet another opportunity to have a comprehensive cover for several parts of the vehicle against manufacturing defects. We are in the process of tying up with vehicle dealers and car sales agents to take this outstanding service closer to the motoring public,” Ceylinco Insurance Deputy Chief Executive Officer Patrick Alwis said.

Under the VIP - Warranty Insurance, most parts of the engine, clutch, transmission, transfer case, coolant, steering system, profshaft, final drive, front wheel drive, brake system, casings, electrical system, air-conditioning and engine management system in petrol and diesel engines are covered against manufacturing defects.

For the vehicle importers who join with Ceylinco VIP Warranty Insurance, the service enhances the value of the car being sold and adds absolute value to the vehicle. While the Warranty Insurance stablises customer interest and trust, it will also ensure that more customers will have confidence in buying a vehicle with such a cover. Once the vehicle is sold, the car dealer is free of responsibility associated with specified mechanical faults of the vehicle, Alwis said.

‘For the customer, who owns the vehicle, there is the added advantage of insurance coverage for mechanical defects. Since the cover can be transferred to another person, the vehicle can be sold with value-addition, Alwis said.

The vehicle owners must ensure that proper maintenance is adhered to in regular servicing of the vehicle. Also, once a specified part is defective, the company must be informed at once about the defect.

The Ceylinco VIP Warranty Insurance policy expires either on completion of 20,000 km or at the end of the 12 month period, in case of a re-conditioned vehicle.

Trincomalee Prima Ceylon (private) Limited donated dry rations to people displaced due to the recent floods in Kinniya and Kantale. Prima Group Chairman Primas Cheng, Group General Manager Tan Beng Chuan and General Manager Ong john Seon with Trincomallee District Manager Steven Kok distributed essential goods to displaced people. The event took place at Agrabodi temple. Here, Steven Kok distributing essential food items. Trincomalee, Human Resources Manager R M S N Gunatilaka looks on.