Arpico Insurance launches COVIDCARE: Groundbreaking insurance solution to address need-of-the-hour

Arpico Insurance General Manager – Sales H.E.T. Sampath speaking at the occasion

Arpico Insurance General Manager – Sales N.C.P. Nishan speaking at the occasion

Remaining true to its unparalleled commitment and purpose of standing by its customers in their hour-of-need, Sri Lanka’s most innovative insurance solutions provider, Arpico Insurance PLC, recently introduced a specialised insurance policy for COVID-19 – Arpico COVIDCARE – further solidifying the Company’s commitment to provide ‘Insurance for the Living’ as envisioned by Company Founder and Group Chairman of Richard Peiris, Dr. Sena Yaddehige. 

Under this specialised policy, three distinct policy options will be availed to suit the customers’ requirements and budget. Some of the benefits offered via this insurance cover include up to Rs. 1,500,000 in the event of death due to COVID-19 or accident, daily hospitalisation benefits up to Rs. 5,000 per day for quarantine in a Government-approved facility, reimbursement of ICU medical costs of up to Rs. 200,000 due to COVID-19, reimbursement of up to Rs. 5,000 for COVID-19 vaccination as well as funeral expenses up to Rs. 50,000 for death due to COVID-19 or accident.

Commenting at the launch of Arpico COVIDCARE, Dr. Sena Yaddehige mentioned that Arpico Insurance PLC is one of the first insurance providers in both Sri Lanka and in the region to have promptly responded with a creative solution to the raging pandemic: “This is very much in line with our corporate philosophy of providing ‘Insurance for the Living’. We have designed this policy to include maximum benefits for a reasonable premium which also aligns with our commitment to making insurance accessible to all citizens without exception.”

“The insurance industry in Sri Lanka has continuously stood by its clients through some of the most trying times such as the catastrophic tsunami of 2004, the April 2019 Easter bombings and numerous other natural disasters and calamities. We noticed a void as well as a need in the market for a specialised plan as what is already available is not designed specifically to cater to a pandemic outbreak, such as what we are currently experiencing. Creating a new product in a short span of time, under challenging circumstances, is no easy feat and credit goes out to our exceptionally talented team at Arpico Insurance PLC for rising to the occasion as always,” he added.

With an unwavering commitment to serve their customers with care, compassion and respect, Arpico Insurance has built a reputation for being the most innovative Insurance Company that offers world-class Insurance solutions. 

General Manager Finance and Operations Melanga Doolwala commented, “Arpico Insurance PLC was one of the first Insurance companies in Sri Lanka to cover all medical and life claims relating to the COVID-19 pandemic. Being an Insurance service provider that is being driven by innovation and service excellence, Arpico Insurance has and will always remain committed to provide an exceptional level of service to its clients while upholding it’s values and doing their part to take the industry to new heights.”

Further information about this insurance cover can be obtained by contacting 0112 200 900. 

Arpico Insurance PLC was incorporated in 2011 and is a regulated insurance company under the Insurance Regulatory Commission of Sri Lanka. The renowned insurance provider presently offers a range of products such as endowment, term assurance, education, investment, retirement, group assurance and loan protection amongst others and takes pride in being the only Life Insurance company that remains committed in providing Insurance for the living.