The insurance industry in Sri Lanka has changed since the pandemic began and we are at a crossroads that needs rapid response and innovation to be able to fulfil the protection needs while prioritising the safety and well-being of the community, said Director and Chief Executive Officer of Janashakthi Insurance PLC, Ravi Liyanage.
He said the industry has recognised that affordable protection is a need of the hour and we are committed to support our nation as a purpose driven insurer. We will also continue to serve our customers better and meet the changing demands through novel solutions as the situation continues to evolve. “The Covid-19 crisis has disrupted businesses of all sizes and industries locally and globally,” Liyanage said, adding that Janashakthi rose to the occasion to offer affordable insurance solutions to all sectors of the society. He said Janashakthi Life introduced the ‘Janashakthi Covid Guard’ which is designed to offer financial stability and support the policyholders to manage the adversities and challenges due to current context. “It is a comprehensive Insurance product offering covering different segments customising the need according to affordability and economic situation,” Liyanage said.
The insurance policy has been specifically designed to provide the much-needed financial support during this ongoing emergency situation.
The key benefits of the packages include cover for death due to Covid-19, loss of income due to being hospitalized for quarantine in a government authorized facility and coverage for being placed in an ICU due to Covid-19.
The policy will also cover the cost of the PCR test and most importantly of the Covid-19 vaccine.
He said it is a timely protection cover to ensure the safety and protection of the nation during these challenging times. This innovative insurance solution provides financial stability as well as enhanced life protection and is customizable as per customer needs. The “Janashakthi Covid Guard” is a comprehensive Insurance product offering several categories such as silver, gold and platinum that can be customized as per the requirement. This insurance policy has been specifically designed to provide the much-needed financial support during this ongoing emergency situation.
Liyanage said, “We recognise that this is a need of the hour and we are committed to support our nation as a purpose driven insurer. This unique solution is introduced to ensure that the protection needs of our community are met even amidst these challenging times. “This solution is designed to offer financial stability and support the policyholders to manage the adversities and challenges due to the ongoing emergency situation.
Through this comprehensive insurance solution, we wish to further establish our commitment towards the nation while ensuring the financial security of our customers and their loved ones,” he said.