Sri Lanka Insurance launches ‘Drivers’ Protect Insurance Cover

Sri Lanka Insurance in collaboration with the Departmant of Motor Traffic launched the “Drivers’ Protection Insurance Cover” for the first time in Sri Lanka. This optional insurance scheme stands out from the rest as it is an affordable insurance coverage for all license holders under the age group of 18 to 70.

Chief Officer- Administration Sri Lanka Insurance (SLI ), Viyani Gunathilaka, Chief Officer- General Insurance SLI , Ainsley J Alles, Executive Director SLI , Piyadasa Kudabalage, Managing Director, CEO SLI , Mohan De Alwis, Commissioner General, Department of Motor Traffic, S.H. Harischandra, Commissioner Administration, Department of Motor Traffic, T Abeysirigunawardene, Commissioner Development, Department of Motor Traffic, K.H.J.L. Senarathna, Deputy Commissioner- Driving Licence, Department of Motor Traffic, K.V.S Bandkeerthi at the launch. Picture by Sumanachandra Ariyawansa

“This product is aimed for the betterment of the country’s vehicle uses as the amount of motor accidents has grown largely during the previous years. The Drivers’ Protection Insurance Cover will extend a Rs 250,000 cover and will be a Personal Accident Cover for all light vehicle drivers for a nominal premium of Rs 500 for a period of eight years while it will also provide heavy vehicle drivers an insurance of Rs 250,000 at a nominal premium of Rs 250 for a period of four years,” Managing Director of Sri Lanka Insurance, Mohan De Alwis said.

According to Executive Director of Sri Lanka Insurance, Piyadasa Kudabalage this insurance will cover death and permanent disability. In case of death the insurance coverage will pay the sum insured to the beneficiaries.

“The insurance can be claimed at the time of the accident or after, we have a vigilant team who are constantly on field all day long. We will ensure that the sum insured will be paid within a few minutes since contacting,” Kudabalage told Daily News Business.

The insurance scheme will be available for vehicle users at Sri Lanka Insurance branches.

Sri Lanka Insurance has maintained a steady market leadership in General Insurance and stands as the largest & strongest insurer in the country with the largest asset base in the industry amounting to 109 billion, the largest life insurance fund of Rs 57 billion and a strong capitalization of Rs 6 billion.