Pouring rain across the country, sudden climate changes, floods, diseases, and on top of all, do you worry on how these would affect you? If so, your worry is perfectly understandable, as such adverse weather brings about all concerns on how it would impact the routine of activities that all mankind lives upon. Hence, a few tips to ease the hassle.
- First and foremost, be on alert and spread emergency hotlines amongst those who are known and could be affected.
- Have emergency kits, first aid bags and backup lighting prepared to avoid any involvement in electricity fixings.
- If heavy rainfall continues to remain, keep an eye on weather forecasts on local media and social networking platforms.
- Try and avoid reasons to leave home unless otherwise it is absolutely necessary.
- If you are stepping outside, avoid open spaces and standing under tall trees or electricity poles.
- Avoid the use of electrical devices in wet conditions such as mobile phones.
- Disconnect/unplug power supply from home appliances.
- Check regularly water and drainage channels and conduct the necessary maintenance.
The effect of soaring rain could often reach its crucial limits, and being mindful of such, it is also important that you conduct your on road chores abiding by the simplest, yet highly effective safety protocols for the one, and only one reason; Safety! Safety, on this note implies to the end result of all necessary and recommended actions that you should take in order to avoid any cause of trouble on road due to adverse weather such as heavy rainfall. Here are a few tips for driving safety in the rain.
- Since you might be stepping out to attend to a duty that is unavoidable, it is wise to start off with checking the brakes of your vehicle.
- Also if your wiper blades are old or brittle you might need to consider replacing them so that there will be no cause of blurry vision.
- Your vehicle might have bad tires which significantly reduces traction on wet roadways. So keep an eye and do the needful of replacing them.
- As you set off on your journey, you should also keep in mind to drive slow on slippery roads.
- Applying brakes earlier and with less force might reduce the chance of skidding, which is also very crucial if your path meets cliffs and hills.
- It is very likely that hazy and foggy conditions might arise, therefore turning on headlights is beneficial and suggested to assist detection of other beings on road.
- As floods are most probable during such weather, you dare should not attempt crossing running water. Instead, find a safe place to park and remain until high water eases, as two feet of water can sweep away your vehicle.
Home insurance provides you with a financial protection in an event of disaster or an accident which involves your home.
- Protects your most valuable assets
For many, the home they live in is a valuable asset. A home insurance policy can make it possible to pay for the needed repairs. Damaged roofs, damaged walls or if you suffer a loss due to a fire, home insurance will provide you with financial protection.
- Protects from natural disasters
This could be every homeowner’s biggest nightmare. Taking up the expenses of repairing a damaged house is not the kind of burden you want to put yourself and family through. Detailed home insurance plan covers you during natural disasters such as floods, landslide and earth quakes. Therefore in order to reduce uncertainty taking a home insurance plan is the best option.
- Above all it proved a peace of mind
Getting your home insured will give you a luxury of peace of mind. Whether you own an apartment or a house, once you have selected your policy and paid your premium, protecting your property is no longer your responsibility but is the responsibility of the insurance company.
Taking the initial step to create awareness on the causes and prevention of cancer, HNB Assurance PLC (HNBA) held a workshop for its staff recently. This workshop was conducted by Dr. Suraj Perera, Board Certified Specialist in Community Medicine and Consultant Community Physician of the College of Community Physicians of Sri Lanka.
Sharing his thoughts Managing Director/CEO of HNBA and its fully owned subsidiary HNB General Insurance Limited, Mr. Deepthi Lokuarachchi stated “as a business sworn take care of our community, we believe that real protection and care truly begin with individuals taking care of themselves and leading a healthy lifestyle and thereafter by encouraging their families and friends to follow similar steps. In the backdrop of the launch of our Hope Cancer Insurance plan, we realized that a workshop of this nature will help in educating as well as in creating awareness firstly amongst our staff for the betterment of themselves and their families and as we believe that our staff would carry this message to the community as ambassadors of the brand”.
Sharing his views on the Cancer Insurance Plan, Chief Operating Officer Mr. Prasantha Fernando stated, “our lifestyles, health habits even hereditary conditions contribute to the development of a cancer and cancer can touch us all at any point in our lives despite our social strata. Hence, it is up to us as individuals to take necessary measures to protect ourselves. The cost of cancer treatment could often pose a threat to family savings and the financial foundation. Considering all these aspects, HNBA launched its Cancer Insurance Plan, ‘Hope’ with the primary objective of providing a ray of hope through financial protection to those individuals and families to overcome this dreaded disease”.
Speaking at the workshop Dr. Suraj Perera stated “this workshop was conducted with the aim of creating awareness on cancer and its prevention. Amongst many contributing factors for the development of a cancer, unhealthy dietary habits, smoking, consumption of alcohol and chewing of betel are identified as the top causes for cancer and it is important to communicate these to individuals as prevention with no doubt is better than cure. Workshops of this nature surely help in making a lasting influence amongst responsible individuals. And we believe that heightening people’s awareness on cancer and its precautions is the first step towards fighting cancer and will help in making a difference in their lifestyles which will ultimately have a positive impact on the wellbeing of our community”.
HNB General Insurance Limited (HNBGI), the fully owned subsidiary of HNB Assurance PLC (HNBA) announced a tie-up with its Parent Shareholder, the Hatton National Bank PLC (HNB). This tie-up offers a bouquet of General Insurance solutions for Small and Medium Enterprises and enables customers to enjoy a range of striking features such as special premium rates, an effective platform to obtain services and a personalized claims process.
Mr. Jonathan Alles, Managing Director/CEO of HNB stated “the SME sector contributes a significant amount to the GDP of the country and is considered to be the backbone of this economy. HNB as a leading entity in the private banking sector has taken various measures over the years to strengthen the SMEs, entrepreneurs and start-ups in Sri Lanka. The introduced initiative is one such measure to boost business opportunities as well as to provide fund capital and protection to stabilize the SME sector in the country”.
Sharing his views on the tie-up Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated “the growing corporation across the Group has created many opportunities and the Company has always endeavored to provide effective Insurance solutions to its customers. Through the synergies of the Group we were able to develop a collaborative and a unique business proposition which offer a special range of General Insurance solutions for SMEs together with other banking solutions under one roof. A collaboration of this nature would offer a significant long-term value creation for stakeholders of both entities. This tie-up marks a natural business extension and opens up new prospects for both HNB and HNBGI. This would further strengthen the Group’s footprint in the financial services market by creating new business prospects for HNB and HNBGI”.
Here are six useful tips for driving in the rain.
Slow down: Always drive at a slower speed when the roads are wet. The faster you drive in a rainstorm, the more likely you are to have an accident.
Maintain a reasonable distance with your front vehicle: Slick, wet roads and reduced visibility can lead to crash or accident. Give other vehicles plenty of space and brake early with reduced force.
Don’t brake while hydroplane: Pushing breaks may cause your vehicle to go into a skid or spin. Take your foot off the gas pedal and keep the wheel straight until your car reclaims.
Don’t use your cell phone while driving: Especially in the rainy days you need to give your full attention to your driving and keep your eyes on the road.
Clear your windshield: Heavy rain can cause your windshield to quickly fog up. clear your windshield to maximize your visibility.
Avoid big puddles: If you see a big puddle drive around or take a different route.
HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) posted a Profit After Tax (PAT) of Rs. 910 Mn for the year ended 31st December 2017, depicting a steady growth of 41% in comparison with the PAT of Rs.647 Mn recorded in 2016. The Group recorded a Gross Written Premium (GWP) of Rs 7.82 Bn, signifying a growth of 17% as contrasted with the GWP of Rs. 6.65 Bn recorded in the financial year 2016. The Parent Company, HNB Assurance PLC recorded a GWP of Rs 3.96 Bn and the subsidiary, HNB General Insurance Limited recorded a GWP of Rs. 3.86 BN.
The Group was able to yield an Interest and Dividend Income of Rs. 1,693 Mn, showcasing a growth of 43% against an Interest and Dividend Income of Rs. 1,180 Mn achieved during the previous year. Total Assets of the Group reached a mark of Rs. 18.65 Bn and Investments in Financial Instruments reached a value of Rs 15.05 Bn. During the course of 2017, the Life Insurance Fund reached a value of Rs. 10.9 Bn and the General Insurance Fund reached a value of Rs 2.38 Bn.
Expressing her views on the solid financial performance during the year under review, Chairperson of HNB Assurance Group, Mrs. Rose Cooray stated “the Group delivered a superlative financial performance during the course of 2017, depicting a steady flow of revenue generation and accelerating progress towards achieving our corporate goals during 2017. The Management guided by the Board has meticulously executed a well-crafted plan that focused on creating value to all stakeholders. Not only have we been able to fulfil the aspirations of the shareholders, the Group paid out Rs 2.29 Bn in claims and have focused on rewarding its employees, while contributing towards society through various corporate stewardship initiatives and we are confident that this growth we’ve embarked on will continue during 2018”.
Sharing his thoughts on the Group’s financial performance, Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated “the strategies deployed during the course of 2017 led the Group capture emerging and dynamic markets. The Group was able to maintain its solid industry position throughout the course of 2017, despite the volatile macro-economic conditions and heightened competition. The financial growth of HNBA Group in 2017 has been consistent throughout the year. The positive growth momentum of these financial results was triggered by the strategic investments of the Group and the dynamic policies followed in underwriting risk. The General Insurance business showcased an exponential growth during the course of 2017, surpassing the growth rates of the industry. HNBGI was able to achieve this outstanding growth as a result of its well-focused risk selection, effective management of claims settlement as well as its pricing strategy. It is noteworthy, that both the Life and General Insurance businesses took great measures in settling claims, especially claims pertaining to catastrophes such as floods and epidemics such as Dengue. The Management of HNBA Group remains confident of its future outlook and in seizing every opportunity to further consolidate the Group’s financial standing”.
HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) celebrated the outstanding performance of the Branch Managers and key members of the Retail Banking Management team of the Hatton National Bank PLC (HNB) at a glamorous event held recently. This event was graced by the presence of Mrs. Rose Cooray, Chairperson of HNBA and HNBGI and Director of HNB together with Mr. Kalum Wijesooriya, Chief Employee Experience Officer/Assistant General Manager – Deposits and Remittances of HNB and Mr. Deepthi Lokuarachchi, Managing Director/CEO of HNBA and HNBGI as Guests of Honor together with the senior management of HNB, HNBA and HNBGI.
Sharing her thoughts, Mrs. Cooray stated “the synergies of cooperation, expertise and assistance of the Group have helped both HNBA and HNBGI extensively in capturing growing markets and stabilizing its position in a competitive industry such as insurance. The interlinkages seen within the Group set a strong base for greater financial responsiveness and to be able to offer a holistic proposition to one’s financial needs as a Group”. Speaking at the event, Mr. Wijesooriya congratulated the winners of the night for their achievements and emphasized on the significant role of banking and insurance in growing financial markets of our economy and how important it is to develop product propositions to cater to the financial and protection needs of individuals as a Group. Mr. Lokuarachchi thanked the Board of Directors and the senior management of HNB for their continuous support, stating “Banking and Insurance together provides us the opportunity as a Group to help people build and sustain their wealth and it is up to us to advice customers on the optimal levels of returns and protection they ought to have for themselves. So let us continue to work together to enrich lives of them that we serve”.
HNB General Insurance Takaful, the Islamic Insurance unit of HNB General Insurance Limited (HNBGI), a fully owned subsidiary of HNB Assurance PLC (HNBA), received the Gold Award for ‘Takaful Window/Unit of the Year’ at the recently held Islamic Finance Forum of South Asia. Amongst many nominees from India, Pakistan, Maldives and Bangladesh, the Takaful Window of HNBGI claimed Gold proving its financial stability, diversity and scope in an emerging market.
Sharing his thoughts, Managing Director/CEO of HNBA and HNBGI Deepthi Lokuarachchi stated “This achievement augurs well for us as we transcend our services through cross sections of our society, while providing protection to people and businesses. I am extremely pleased and honored to note that we have emerged as the winner of this prestigious Gold Award”. Sharing views, HNBGI’s Chief Business Officer, Corporate Lines Chandana L. Aluthgama stated “the Takaful Window of HNBGI has been successful in establishing its presence in this specialized and unique market and the Takaful Window of HNBGI has been well focused on the needs of the community. The Company has taken extensive measures to develop more effective Takaful solutions in compliance with the Insurance Board of Sri Lanka and the Sharia Board guidelines. This accolade will further strengthen our resolve to keep improving on our product proposition, service delivery and customer interactions”. Speaking on the victory, Hifly Huzair, Senior Manager, Takaful thanked the team for their dedication, commitment and efforts to overcome the challenges in the market and to stabilize the venture within a short span of time.
Image caption: HNBGI Chief Business Officer, Corporate Lines Chandana L. Aluthgama receiving the Gold Award.
HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) posted a Profit After Tax (PAT) of LKR 176 MN for the second quarter of 2017, reflecting a phenomenal growth of 332% compared to the PAT of LKR 41 MN recorded during the same period of 2016. The impressive performance of the Group reflected in all performance indicators. The Parent Company, HNBA posted a PAT of LKR 100 MN marking a growth of 54% while its subsidiary with a PAT of LKR 76 MN recorded a more impressive growth of 414% in PAT.
During the second quarter of 2017, the Group achieved a 22% growth in its Gross Written Premium (GWP), depicting a value of LKR 3.8 BN as against the GWP of LKR 3.1 BN recorded during the comparable period in 2016. The Life Insurance segment contributed a GWP of LKR 1,919 MN and the General Insurance segment contributed a GWP of LKR 1,901 MN to the overall GWP. The Life and General Insurance segments recorded Premium growth rates of 17% and 27% respectively. During the second quarter of 2017, the group recorded an investment income growth of 54% reaching a value of LKR 771 MN against LKR 500 MN recorded during the same period of 2016. The Total Assets of the Group reached a value of LKR 16 BN and Investments in Financial Instruments reached a value of LKR 13 BN. During the same period the Life Insurance Fund and General Insurance Fund grew by 14% and 29% reaching values of LKR 10 BN and LKR 2.5 BN respectively.
Sharing her thoughts on the Group’s financial performance, Chairperson of HNBA and HNBGI Mrs. Rose Cooray stated, “We are indeed delighted to announce the results of another successful quarter. Both Life and General Insurance segments have showcased steady revenue growths. The concerted and well targeted efforts the Group has taken throughout 2017 to grow profitable business has made both HNBA and HNBGI more resilient and competitive Insurance companies in the industry. The Group continues to leverage on its core competencies in stabilizing its market share by delivering a substantial long-term value to our shareholders whilst meeting all our obligations to our valued customers with highest responsibility. These financial results are a testament of the Group’s continuous financial stability and its growth momentum”.
Speaking on the financial performance of the Group, Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated, “Despite many tough challenges in a rapidly changing market, the Group has made significant strides by creating a stronger platform for growth by delivering a steady financial performance. This growth momentum of the Group showcases the strength of our business strategy and we are confident that both our Life and General Insurance companies will reach out as strong players in this industry”.