Chiranthi Cooray Appointed as a Board Member of HNB General Insurance Limited.

Mrs. Chiranthi Cooray

HNB General Insurance Limited (HNBGI) recently announced the appointment of Mrs. Chiranthi Cooray as a Non-Independant / Non-Executive Director. The appointment was approved by the Insurance Regulatory Commission of Sri Lanka.

Mrs. Chiranthi Cooray currently serves as the Deputy General Manager / Chief Transformation Officer of Hatton National Bank PLC. She leads key transformations in digital, tech, product, service and people strategies to drive growth and support achievement of mid to long-term goals of the Bank, whilst facilitating change management and delivering business value. Chiranthi serves on the Boards of CSR Sri Lanka (Guarantee) Ltd and the Advisory Board of AISEC Sri Lanka. She also serves as a Trustee of the HNB Sustainability Foundation. She is a Past President of the Association of Human Resource Professionals, Sri Lanka.

Chiranthi holds a Master’s Degree in Business Administration from the University of Wales (Cardiff Metropolitan). She is a Senior Certified Professional SHRM, USA, and a Certified HR Professional from IPMA, USA. She has completed the CIMA (UK) exams and is awaiting admission to membership. Chiranthi was awarded the HR Leadership Award for Global HR Excellence organized by the World HR Congress in February, 2015. She has also been awarded the Gold Category at the Women for Governance Professional & Career Women Awards 2014/2015 by the Women in Management for her exceptional contribution and achievements in the field of Human Resources. Under her leadership the Hatton National Bank PLC has achieved many local and international awards in the last 10 years in the HR and Sustainability spheres. In 2017, Chiranthi served as the Chairwoman of the National Task Force to recommend a strategic road map to increase female labour force participation in Sri Lanka for the National HR Development Council of Sri Lanka.

HNB General Insurance Limited (HNBGI) was incorporated in January, 2015 and specializes in Motor and Non-Motor Insurance Solutions, and is presently one of the fastest growing General Insurance Companies in Sri Lanka, with a network of 56 branches. The Company is ranked within the Top 100 Brands and has been awarded a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited and has obtained the Great Place to Work® Certification and is a fully owned subsidiary of HNB Assurance PLC. HNBA, the Parent Company specializing in Life Insurance solutions is ranked within the Top 100 Brands and Top 100 Companies in Sri Lanka and has won multiple accolades for Brand Excellence, Digital Marketing and HR Excellence and many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and the South Asian Federation of Accountants.

HNB Assurance together with HNB General Insurance Launches the 9th Edition of Liya Harasara.

Paying tribute to the gracious spirit of womanhood, HNB Assurance PLC and its fully owned subsidiary HNB General Insurance Limited announced the launch of Liya Harasara for the 9th consecutive year. Liya Harsara is an exclusive offering with a number of special benefits offered to all women in commemoration of International Women’s Day.

Sharing his views, Mr. Prasantha Fernando, Chief Executive Officer of HNBA and HNBGI stated, “It is no secret that women are the backbone of any household and therefore take on a pivotal role in uplifting the quality of life of the family first, and also contributing immensely to societal and economic upliftment. A woman plays multiple roles in today’s society from being a caring daughter, to a loving mother, to a fearless leader and thereby strengthening and supporting those around her. Liya Harasara is our way of thanking all ladies and paying tribute to the unbreakable spirit of womanhood, so that you are very well protected and empowered to go beyond all boundaries to achieve the impossible”.

Lasitha Wimalaratne, Chief Operating Officer of HNBA stated, “We are indeed pleased to launch Liya Harasara for the 9th consecutive year.  Over the years Liya Harasara has become one of the well sought after benefits in our portfolio. This year’s edition of Liya Harasara offers a range of special insurance benefits and in addition, HNBA and HNBGI have partnered with Durdans Hospital, Vision Care, Swarnamahal Jewelers, DoubleTreee by Hilton Weerawila and Singer Plus to offer exclusive discount schemes to Policyholders”.

Chief Operating Officer of HNBGI, Sithumina Jayasundara stated, “Women are the center of our homes, society and economy and we have come together as a Group to honor and praise the unbreakable spirit of womanhood. We firmly believe that these special benefits would add value to the livelihoods of women and would boost their confidence to take on the challenges of tomorrow”.

The 9th edition of ‘Liya Harasara’ will offer an additional Free Life Cover of up to Rs. 1 Million for one year from HNB Assurance for Regular Premium Life Insurance policies. Moreover, a Daily Benefit for child birth and pregnancy related hospitalisation subject to maximum of 3 days per year would be offered to the Policyholder and a gift voucher worth of Rs. 5,000/- for one child birth between 8th March to 31st December 2021, if Hospitalisation Benefit is taken and Policy being in force. In addition, ‘Liya Harasara’ offers a free Personal Accident Cover up to Rs. 500,000 for every Motor Insurance Policy obtained by females from HNBGI. ‘Liya Harasara’ policy holders will also benefit from a range of special discounts from Durdans Hospitals, Vision Care, Swarnamahal, DoubleTree by Hilton Weerawila and Singer Plus.

HNB General Insurance Gears to Outclass Performance in 2021.

Global markets were subject to unforeseen turbulences in 2020, forcing many firms, especially in the financial sector, to revisit their strategic lock-ins and set feet over and out of their comfort zones to serve audiences. As this setting would not be back to what is desired to being ‘Normal’, HNB General Insurance Limited (HNBGI), a fast-growing and an innovatory powerhouse that provides general insurance solutions across the Country, discussed the spectrum of its key deliverances for 2021 and how strategies are being crafted to anchor exemplary performance in this challenging year.

Sharing his views, Chief Executive Officer of HNBGI and its parent Company, HNB Assurance PLC (HNBA), Mr. Prasantha Fernando stated, “In 2020 all eyes were on the drastic and yet unbelievable shifts in demand, supply and consumer needs that took the spotlight, setting in place novel solutions and pathways for us to collaborate and serve. As a renowned corporate, HNBGI adapted and successfully mastered many mechanisms to deliver well above standards, largely contributing to the 10 billion rupee turnover of the Group in 2020, which is a tremendous milestone to have achieved in the two companies’ history. We are now more than ever geared to take on 2021 by the meticulous execution of digital facilitators, introduction of new and improved products that are more apt towards today’s needs, and continuous expansion to be there for our invaluable customers. Also, a number of initiatives are set in place to train and provide progressive development for the knowledgeable team of professionals here at HNBGI, who with no doubt will push towards excellence in the year ahead”.

Speaking on strategy for 2021, Mr. Sithumina Jayasundara, Chief Operating Officer of HNBGI stated “Obtaining an insurance plan, be it, for your vehicle, property or business can be a daunting task, and with the ever-growing need to digitalise matters for the future, HNBGI is actively committed in amplifying its transformation over the digital sphere predominantly aimed at making such procedures simpler and more convenient. On account of this, tasks such as quotation generation, the processing of claims and payments thereof, as well as training and development via digital platforms will be few of the areas of focus. We believe this will supplement our efforts in providing a seamless customer service and experience, also by way of improved turnaround, satisfaction, and retention rates”.

Mr. Jayasundara continued, “Over time, HNBGI has cultivated key partnerships with a number of value adding services, establishing strong ties among the agency channel, Bancassurance channel, Corporate Sales Unit, Takaful Unit, Broker and Leasing Channels. Such components will work in sync to further sustain these relationships and bring in new collaborations to drive revenue, delivering promised returns to our stakeholders. As we widen our comprehensive portfolio of general insurance solutions by introducing revolutionary products such as MotorGuard Pay As You Claim, we will be taking more measures to modify and introduce a modern bouquet of products in the motor insurance and non-motor sphere with a host of benefits that best fits the fast paced needs of our audience”. 

HNB General Insurance Limited (HNBGI) was incorporated in January, 2015 and specializes in Motor and Non-Motor Insurance Solutions, and is presently one of the fastest growing General Insurance Companies in Sri Lanka, with a network of 56 branches. The Company is ranked within the Top 100 Brands and has been awarded a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited and has obtained the Great Place to Work® Certification and is a fully owned subsidiary of HNB Assurance PLC. HNBA, the Parent Company specializing in Life Insurance solutions is ranked within the Top 100 Brands and Top 100 Companies in Sri Lanka and has won multiple accolades for Brand Excellence, Digital Marketing and HR Excellence and many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and the South Asian Federation of Accountants.

HNB Assurance PLC Group Records a Significant Growth in 1H20

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) recorded a Profit After Tax (PAT) of LKR 500 MN during 1H 2020, depicting a steady growth amidst the outbreak of a global pandemic.

Speaking on the financial performance of the Group, Chairperson of HNBA and HNBGI, Mrs. Rose Cooray stated, “it is indeed a great pleasure to announce that HNB Assurance Group has achieved a significant PAT growth compared to the corresponding period of the previous year following an economic downturn caused by the outbreak of a global pandemic. Through the tireless efforts, our teams successfully navigated the challenging environment to deliver a noteworthy performance. The Life Insurance business recorded a PAT of LKR 176 MN showcasing a growth of 25%. The profit does not include any surplus transfer from the Life Fund. The General Insurance business recorded a PAT of LKR 323 MN depicting an impressive growth of 120%. These results reiterate the resilience of our sustainable core business model and the Group’s undivided focus in capturing market segments with growth potential. The unprecedented challenges arising from the COVID-19 outbreak together with other adverse global and market conditions have created a challenging backdrop which businesses around the globe are currently experiencing; but with the strategies of the Management together with the dedication of the staff members of HNBA and HNBGI and the Advisor Force, I’m sure we could overcome this uncertain turbulence”.

Sharing his views on the performance of the Group, Chief Executive Officer of HNBA and HNBGI, Mr. Prasantha Fernando stated, “HNBA Group delivered outstanding financial results amidst a number of macro-economic challenges presented during a global crisis. In a market backdrop where most businesses succumbed its profits to the outbreak of COVID-19, HNBA Group has delivered a notable performance. The Group recorded a Gross Written Premium (GWP) of LKR 4.5 BN. The investment income of the Group surpassed LKR 1.2 BN and the total assets of the Group surpassed LKR 29 BN. The Group has taken swift and effective measures and has adapted various agile initiatives following the COVID-19 outbreak, including enhancing its digital selling portals and claims settlement platforms. It is noteworthy to mention that the Life and General Insurance Funds surpassed values of LKR 15.7 BN and LKR 2.9 BN respectively reaffirming the Group’s firm footing”. Mr. Fernando further added, “the Management is thankful for the commitment and dedication of all employees during these trying times. The Management remains confident that together with the diversified business strategies the Group will be able to sustain its continuous growth and deliver value to all stakeholders”.

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place to Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.

HNBA Group Recognizes Staff Ceremonially, in Keeping with Health Guidelines.

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) recently concluded its Chairman’s and Long Service Awards Ceremony 2020 at the Taj Samudra, Colombo. Held in celebration of staff excellence, the event was attended by a limited number of guests as set out by the Company in adherence to all health and safety guidelines. This special occasion was joined by the members of the Senior Management of HNBA and HNBGI and other distinguished guests, to present and witness the crowning of 12 Chairman’s Award Winners and 08 Long Service Award Winners.

Expressing views on the event, Chief Executive Officer of HNBA and HNBGI Mr. Prasantha Fernando stated, “Operating amidst concerning times in terms of both, health and the economy, the Group has chartered its way through to confidently address many of its business pillars including stakeholder value creation and employee wellbeing as part of the Company’s drive towards industry excellence. Celebrating achievements, winning spirit and talents in this setting is a challenge, and yet we have come together to admire and reward the laudable efforts of our very fellow staff members as their immense dedication is core to the Group’s success. This is also evident by the Group’s recent Great Place to Work® certification. Furthermore, we firmly believe that tapping the capacity and contribution of our professional staff members to guide and equip them with skills and knowledge for their individual career development is primary in our advancement, and would also assist our market stand remain deep-rooted. I extend my heartiest wishes to the Winners and wish them all the very best in their future endeavors”.

Sharing his thoughts, Chief Human Resource Officer of HNBA and HNBGI Mr. Dinuka Pattikiriarachchi stated, “Recognizing and appreciating the value of an exceptional employee should not be determined upon the overall performance standards of a company, nor the favorability of the economic outlook posed by a particular year. It is a blunt fact that the COVID-19 Pandemic had brought about a challenging state over business, staging an inflexible uphill battle to reach pre-pandemic growth rates. Nevertheless, we as an organization stand firm in our commitment to nurture a great place to work in which employee recognition is an essential part in our way of life”.

Speaking further, Mr. Pattikiriarachchi stated, “This occasion is one such event in our employee calendar in which we stood not to divest from the said grounds. It is indeed in times such as this, that employers are required to ‘walk the talk’ for their most important asset, the inner public, the go-getters.  I am gladdened, and am sure that this ceremony was a reward for the past, and an investment for the future.”

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for “National Insurer Financial Strength Rating”. Following the introduction of the segregation rules by the Insurer Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNBA is rated within the Top 100 Brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence and also won many awards for its Annual Reports at the Award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation Accountants).

Prasantha Fernando Appointed as Chief Executive Officer of HNB Assurance PLC and HNB General Insurance Limited.

HNB Assurance PLC Group announces the appointment of Mr. Prasantha Fernando as the Chief Executive Officer of its Life and General Insurance businesses succeeding Mr. Deepthi Lokuarachchi who served the Group in the capacity of Managing Director/CEO. In line with the Group’s retirement policy, Mr. Lokuarachchi will be stepping down from his position with effect from 20th July, 2020 upon reaching the age of 55.

Mr. Prasantha Fernando, a career insurance professional joined HNB Assurance as General Manager – Life in March, 2012 and has been serving the Company since then. He holds a Bachelor’s Degree in Mathematics and Statistics awarded by the University of Colombo and is also a Chartered Insurer with the Associateship of the Chartered Insurance Institute, UK. Mr. Fernando being an old boy of Royal College of Colombo has taken an active role during his tenure in the Company and brought about many transformational changes in the Life Insurance business of the Group. Prior to his engagement with HNB Assurance, he served Aviva NDB Insurance since 1992 when it was known as CTC Eagle Insurance. Mr. Fernando has also served the Association of Chartered Insurance Professionals as a Founding Member and was a past Chairman of the Life Insurance Forum of the Insurance Association of Sri Lanka and is an Executive Committee Member of the Insurance Association of Sri Lanka.

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation Accountants).

Tips to cope the curfew & irresistible #SocialDistancing. ඇඳිරි නීති කාල සීමාව ඵලදායීව ගත කරමු. Road to prevent COVID-19.

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Sri Lanka, is seeing its way through to a never-before-experienced change of pace within its routine activities, as the world in its entirety is being forced into #lockdown. As at the 25th of March, 2020, nearly a quarter of the 7.8 Billion humans (bbcnews.com) are giving in, having to live under restrictions to curb COVID-19. Nonetheless, let us without any hesitation recite the fact that, we do have the better half of hope left within us to cherish the pleasant wonderments that 2020 holds. A heartfelt thank you to the unsung heroes fighting this pandemic, as we dearly in our hearts and minds would not be able to pay our dues to them, anytime sooner.

However, at this viewpoint, we come to think that we are limiting ourselves to our households. But, on the contrary, we are revisiting the outer world powered by what is ‘digital’. Speaking of such, one might glue themselves to #Covid19, #LockDown or #SocialDistancing over Social Media, news sites and whatnot, keeping them together in one piece despite the lost freedom to walk out of their homes. As much as helpful this might be, keeping boredom at bay during the COVID-19 lockdown tends to arrive at its daunting boundaries forcing you towards uneasy turn of events.

Well we’ve got you covered! From revisiting the all-time favorite memory of reading a copy of ‘අඹ යහළුවෝ’, to learning Tamil so that you have an edge over the bilingual, here are a few simple and not so stressed out picks for the easement of your worries…

Read something long-lost in your shelves.

Amba Yahaluwo

It’s that moment of ‘walking down the memory lane’. Us Lankans got through our childhood well attached with the unforgettable read, ‘අඹ යහළුවෝ’ (Amba Yahaluwo). It’s no sci-fi, nor action-thriller, but, a pure blend of reality, Ceylonese spirit and nature that ultimately contributes to the making of one fine storyline giving us peace of mind about perspective. Keeping aside the transformation that we have undergone, running by the scented pages of ‘අඹ යහළුවෝ’ wouldn’t certainly cause you any regret. Indeed it would be wise of you to share this very taste of literature with your siblings, and perhaps, your children, as it is no wonder that at the rate we evolve such treasure would go hidden if it is not a done duty of ours to pass it on regardless of it being this particular book or any other book of olden days. Now is the time!

Watch something meaningful.

Keeping up with what was discussed above, there might occur a case of you not having a copy of ‘අඹ යහළුවෝ’ with you, or you being unable to find it in your house. You might as well turn to digital! ‘අඹ යහළුවෝ’ the tele, is available online, and the missing pieces are you, your family and a drink of coffee. If it interests you, there are more choices of good old teles such as ‘ගම්පෙරළිය’ (Gamperaliya) made available online at your convenience, given the growing 7.13 Million internet users in Lanka, a 34% share of the total population as at 2019 (Hootsuite).

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Grow something fruitful.

Curfew, is for the greater good. Authorities have taken responsible decisions for a worthy cause, and it is wrong of ourselves to judge. Since we all dearly hope to feed ourselves, and more importantly, our families, we tend to unknowingly create havoc attempting to do our shopping for groceries once the curfew is lifted. As we do need to steer clear of such cases and do our shopping responsibly, we also need to map out our plan for future scenarios that might be of similarity to this pandemic. In occasions as such, ‘perspective’ matters. Think ‘green’. Think ‘home-grown’. We could do our online research or turn to our parents or grandparents for further expertise on gardening. After all, gardening is no rocket science.

Learn something worthwhile.

Are you farsighted when it comes to your career? Or is it just about a LinkedIn account that says ‘Full professional proficiency’ in English and Sinhala? The United Nations Volunteers of Sri Lanka (UNVSL) is/was on the lookout for translators to aid the procedures pertaining to the prevailing situation of the country, and the globe. You might have taken lessons on languages in school or during any other academic courses, but in any case, if you discontinued to leverage the learning possibilities of such, it might have caused you the loss of an opportunity to help mankind taking up duty as a volunteer to  fight COVID-19. Regardless of your proficiency, there is no better time than now to allocate yourself some time to learn a language you are bad at. If it helps, perspective brings about the fact that, being able to speak and write multiple languages opens up the opportunity of gaining extra income, as companies tend to outsource work processes involving the duty of a translator. Learn Sinhala, learn English. Don’t stop… learn Tamil! Having born and raised in country with vast cultural differences, clinch the extra mile and earn yourself an add-on worthwhile.

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Practicing self-isolation, social distancing and adhering to all other guidelines to help prevent COVID-19 might be a bitter price of life’s hardships. But we’re in this together. And we will get through this. Know the circumstances. Do you duty. #TogetherWeCan.

Sithumina Jayasundara appointed as Chief Operating Officer of HNB General Insurance Ltd.

Image OneHNB General Insurance Limited (HNBGI), the fully owned subsidiary of HNB Assurance PLC (HNBA) announced the appointment of Sithumina Jayasundara to the position of Chief Operating Officer recently. With over 23 years of experience in different capacities, Sithumina holds a MBA from Cardiff Metropolitan University (UK), ACII (UK), ANZIF (Snr Assoc) as well as the status of a Chartered Insurer. Having Joined HNB General Insurance in July 2014, he was appointed to the Group Executive Committee in 2015 and subsequently promoted as the Chief Technical Officer of HNBGI.

He has obtained foreign exposure through different training programmes related to General Insurance and specialized in the field of Reinsurance. Sithumina is the Vice-President of the Sri Lanka Insurance Institute which is affiliated to the Chartered Insurance Institute of UK. He is also the founder Council Member of The Association of Chartered Insurance Professionals (ACIP) in Sri Lanka.

Sharing his comments, Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated, “Sithumina has contributed immensely to the growth and development of the Company, and I am sure he will excel in his new role in steering this company in the future. He has the benefit of a very strong reinsurance background apart from his business acumen and keen technical insight. I wish Sithumina all the very best in his new appointment”.

HNB General Insurance Limited (HNBGI) was created as a fully owned subsidiary of HNB Assurance PLC (HNBA) in January 2015, to give effect to the regulatory requirement of segregation of Life and General Insurance businesses. Thus, HNBGI effectively took over the General Insurance business, handled by HNBA prior to 2015. HNBGI specializes in motor and non-motor insurance solutions, and is presently one of the fastest growing General Insurance Companies in Sri Lanka, with a network of 56 branches. HNBA, the Parent Company specializing in Life Insurance solutions is ranked within the Top 100 Brands and Top 100 Companies in Sri Lanka and has won multiple accolades for Brand Excellence, Digital Marketing and HR Excellence and many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and the South Asian Federation of Accountants.

Covid-19, a.k.a. Coronavirus; one of many reasons to put Insurance under the microscope.

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Stepping into a new decade where it is an era we expect the ‘revolutionary’ to happen in our lives, or, holistically speaking, in our society, yet many of us tend to be adrift of the unfavorable consequences, that one might often anticipate and still take on assuming “all is well”.

Not to ruin the mood, but, Rule No. 01; ‘No escaping uncertainties’.

2020 started off with an uneasy topic, ‘Coronavirus’. As the general public are well aware about the disease, the dos and don’ts, what is left is to practice what is preached.

Is that it though? Sit back.

Worst comes to the worst, you, or your loved ones could be affected by this condition. This could be for the unavoidable reasons such as having to work in crowded offices or public places, or having urgent overseas travel plans and so on. Counting in all your efforts to fight off this epidemic, you might come short of ‘the essential’. Insurance!

Yet another addition to the rule book is to question where you stand when it comes to Insurance. If you do have a policy, a world health outrage as such would challenge you to review what the extent of your coverage is. These could be raising concerns on the cost you have to bear, such as hospitalization bills, and moreover, overseas hospitalization. Thus, it is your responsibility to have a strong hold on your fallback plan. Having an open mind regarding such unexpected circumstances, it is your duty get you and your loved ones insured and have 01 less problem out of a 101.

Know the circumstances. Do your duty, and keep safe.

For when it is not a hop, step and jump, Travel Insurance!

Picture yourself taking a drive to grab some groceries, having a car insurance, knowing you are covered, or perhaps coming home to sit for a finely laid out dinner with your family, having a home insurance, and rest assured! It is a most welcomed comfort, a relief. During one of these instances, you make high plans to set off on a trip long-overdue. Selfies, the shopping, the food and many more to look forward to. Amidst all happy thoughts and the hype of packing you come to think of what could go wrong. It is indeed a long way from home.

The one piece short of the puzzle, Travel Insurance! If you dare to question why you need it, then here are the whys.

#1: Say you or a member of your family falls ill at the last moment, and staying back to get some rest is what’s best. On top of all worries are the bookings and reservations made, since company policy is crystal clear that there are no refunds for cancellations within 14 days. You won’t be getting your money back.

With travel insurance comes trip cancellation benefits, reimbursement for prepaid, non-refundable trip costs when you have no other choice other than to cancel your plans. So, your investment in happiness is secured.

#2: Passport and ticket, check! You make it to the airport safe and sound, but your flight is cancelled. Or, your baggage goes missing. You don’t want to start off your vacation with such mishaps.

Having travel insurance, it offers travel delay benefits which could reimburse you for additional accommodation/travel expenses. Moreover, baggage delay benefits can reimburse you for a reasonable additional purchase of essential items, reason being a delay or misdirection of such. It’s simply a ‘say no to’ ruining your vacation.

#3: Having reached the desired travel destination, we are somewhat unlikely to be mindful of taking the extra measures of protecting ourselves from uncertainties, be it a sudden illness, an accident, so on and so forth. And the hard truth is that medical emergencies overseas are costly!

With emergency medical benefits that travel insurance offers, losses due to covered medical and dental emergencies that occur during your trip would be paid off. Its emergency medical transportation benefits can pay for medically necessary transportation as well.

Hence, if you are to wonder about or question the importance of travel insurance, leave no room for thinking twice. Should you get travel insurance? It’s an all-caps YES!

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