BANKING
Amăna Takaful relocates Branch in Kurunegala
Amăna Takaful PLC (ATPLC), which recently declared its SURPLUS to its
non-claimant policy holders, relocated its branch in Kurunegala
providing a more spacious, modern and comfortable environment to its
customers in the area.
The new branch equipped with state of the art facilities offers
customers total insurance solutions be it General or for Life insurance.
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The Kurunegala branch team. |
The branch was ceremonially inaugurated by Gamini Peramunage Mayor of
the Kurunegala along with Fazal Ghaffoor, Chief Executive Officer, Amăna
Takaful PLC, in the presence of members of the local business community,
customers and staff.
Amăna Takaful PLC has served the people of Kurunegala for the past 11
years, offering both Life (Endowment and Investment) and General
(Non-Motor, Medical and Motor) insurance solutions.
“The Company’s operations in Kurunegala commenced in 2002, and today
we have succeeded in gaining wide acceptance, reaching many households
and institutions. I would like to thank the people of Kurunegala for
embracing this noble concept of insurance and being a part of our
sustained growth” said M. M. M. Ashik, Branch Manager of Amăna Takaful
PLC.
Recently, Amăna Takaful redefined insurance the Takaful way, by
announcing to its General insurance policyholders a “payment of
surplus”, which essentially means Takaful policyholders will receive a
proportionate rate from the SURPLUS of the Risk Fund.
As opposed to conventional insurance the Takaful concept not only
benefits claimants but also takes care of non-claimants. Non-claimants
receive a proportionate share of the SURPLUS from the risk fund at the
end of a defined period. By virtue of being a Takaful policyholder one
becomes a participant of the Risk Pool. The Risk pool meets all claims
of the membership among other expenses.
In the event of a SURPLUS in the Risk Pool, Non-Claimants among the
participants are entitled to a proportionate share of the proceeds.
Releasing their interim results in Q1/2013, the company reported that
consolidated Revenue of Rs 463.4 Mn grew by 15% over Q1/2012 with profit
before tax of Rs 22.9 Mn, an increase of 55% in the same comparison.
One of a few ISO certified insurance operators in Sri Lanka; ATPLC
now operates in 22 locations with plans of expanding its footprint
further.
ATPLC also operates 3 key strategic business units that specialise in
Life, General and Medical Takaful, which is unique in its approach to
serve the respective developing customer segments.
Furthermore, by keeping to its tenet of mutuality, the company also
offers financial protection through the Takaful concept to the needy of
the Sri Lankan populace by providing Navodhaya - ATPLC’s Micro-Takaful
(insurance) solution.
Union Bank expands its network to Angunakolapelessa
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Anil Amarasuriya, Director / Chief Executive Officer of
Union Bank at the opening of the Angunakolapelessa branch. |
Union Bank of Colombo PLC (UBC) opened its 39th Branch in
Angunakolapelessa recently at Hungama Road, Angunakolapelessa, adding to
its rapidly expanding branch network.The new branch was ceremonially
opened by Anil Amarasuriya, Director / Chief Executive Officer of Union
Bank.
The Bank’s expansion is honed and specifically geared to grow the SME
and retail portfolio and the growing branch network complements the
Bank’s vision and journey of becoming the preferred Bank for SMEs.
Angunakolapelessa contributes significantly to the agro-export
industry of Sri Lanka and offers a myriad of opportunities for Union
Bank to serve the Small and Medium Enterprises (SMEs) and Personal
Banking customers. The new branch is located in the Angunakopelessa town
and offers a host of products and ancillary services that adds value to
its promise of providing total financial solutions to SME and retail
customers.
Union Bank proposes to expand its branch network to fifty branches by
the end of 2013 to augment its vision to be the preferred Bank for SME’s. |
