Ceylinco VIP enhances accidental health insurance benefit to Rs.10mn for all policyholders

Ceylinco General Insurance announced recently that the Accidental Health Insurance benefit offered to its Ceylinco VIP On The Spot  Motor Insurance policy holders will be increased to over Rs. 10 million with immediate effect.  
This Emergency Hospitalisation Insurance Cover is absolutely free-of-charge for its Ceylinco VIP On The Spot customers. 

It includes  a cover of Rs. 2 million for hospitalisation expenses in the event of a road traffic accident within Sri Lanka, and if necessary, for follow-up treatment overseas on medical recommendation. 
Further, in the event of a policyholder travelling overseas, he or she will be entitled to a hospitalisation cover due to any medical emergency up to Rs. 2 million, and Rs. 4 million for hospitalisation expenses due to an accident for up to 15 days whilst overseas.  

Furthermore, overseas travellers will be entitled to Personal Accident Insurance of Rs. 2 million, which will include Death and Total Permanent Disablement covers while overseas and Permanent Partial Disablements will be covered up to Rs. 1,000,000. 

The benefits announced will be applicable to comprehensive policyholders of Ceylinco VIP On The Spot who have insured their Cars, Vans, Jeeps, Double Cabs, Buses, Lorries as well as Three Wheels. 
Similarly, comprehensive motorcycle policyholders will be entitled to a Hospitalisation Cover of                Rs. 500,000/- in the event of a road traffic accident within Sri Lanka.  Third party customers too will benefit with a cover of Rs. 300,000 for hospitalisation in the event of a road traffic accident within Sri Lanka for vehicles and Rs. 200,000 for motorcycles.

The new cover will be valid for all new policies with immediate effect and at the next renewal for existing policies.  In the case of individual customers, the insured will be entitled to this revolutionary benefit, while corporate customers or fleet owners must name an individual (user or driver) as beneficiary.

“This benefit will undoubtedly ease the burden on our customers to a great extent. In addition to a host of other benefits they already enjoy, such as a Serious Illness cover of Rs. 1 million  for  hospitalization due to Cancer,  Heart Attack, Kidney  transplant and 21 illnesses,  an additional 25 percent  with the claim if a brand new or unregistered vehicle gets condemned within two years of the  first registration (even if the market price is higher than the present sum insured),  a similar replacement vehicle  in the event the accident repair exceeds four days, emergency roadside assistance  etc. are the kind of  benefits that are indeed needed, given the present context and the hardships the people of this country are facing,”  Patrick Alwis,  Chairman/Chief Executive Officer of  Ceylinco General Insurance opined.

The Chairman/Chief Executive Officer of Ceylinco Insurance PLC, the holding company, Ajith Gunawardena said, “As a company with an ear to changing customer needs, we felt that the need of the hour is to provide more benefits such as these that help our customers  to cushion their financial burdens at a time of distress.  

With the steeply rising cost of treatment, what Ceylinco VIP offers will undoubtedly provide a consolation. Ceylinco VIP is a brand that moves on to explore new territory in exceeding customer expectations in offering benefits that customers value. Customer satisfaction is of the utmost importance for us: it is what fuels our engine, what keeps us at the top as the industry leader.’’