From left: Trevin Almeida of Union Assurance, Nawaloka Hospitals Head of Corporate Relations Rasika Thilakarathne, Nawaloka Hospitals Chairman Dr. Jayantha Dharmadasa, Union Assurance CEO Jude Gomes, Union Assurance Head of Partnerships Lucille Diaz and Union Assurance Manager Partnerships Ranjula Jayathilake

In a unique move to encourage financial security for newborns, Union Assurance and Nawaloka Hospitals have opened the way for parents to plan for the most important aspects of their child’s life. 

This includes building an education fund, coverage of a range of healthcare expenses and most importantly, a financial safety net to ensure their child’s dreams and ambitions live on despite adversity.

Union Assurance Chief Executive Officer Jude Gomes said this initiative offers a great opportunity for new parents.
“In these uncertain times, we prioritise and seek new ways to protect the children of Sri Lanka. This partnership enables parents to plan ahead of time and enjoy peace of mind knowing that their child’s future is secure,” he stressed.

Gomes went on to say that the company’s customer-centric vision lays much emphasis on protecting the new generation. He said their innovative protection-based solutions focused on health, education and financial security would go a long way in empowering the dreams of Sri Lankans.

Union Assurance PLC Head of Partnerships Lucille Diaz said, “Our partnership with a top healthcare provider, Nawaloka Hospitals, is a significant move to bring the concept of protected savings closer to the parents of newborns. These parents will have the advantage of starting their child’s financial journey early. Importantly, you generate an asset from the very first premium, which is an advantage that no other financial instrument offers.”

New parents, who obtain the maternity services of Nawaloka Hospitals, will be entitled to a voucher that can be claimed against a protection plan for the newborn. Solutions are tailormade to meet specific needs, including building an education fund, coverage of vaccines and investigations among other healthcare benefits and protection against uncertainties that can take financial planning off course.

Nawaloka Hospitals Head of Marketing Rasika Thilakarathne welcomed the partnership stating, “We are excited about the partnership with Union Assurance as we enhance the value offered to our customers in new and meaningful ways. Both entities have a longstanding history of providing superior services to Sri Lankan consumers and we are very pleased to embark on a journey that will add value and refine the benefits we offer our customers.”