Ceylinco VIP pays Rs. 437 m for serious illnesses of motor policyholders as additional benefits

Delivering on its promise to provide added benefits, Ceylinco VIP On The Spot paid a whopping Rs. 437 million for serious illnesses of its motor policyholders. 

All Ceylinco VIP On The Spot motor policyholders who insure their vehicles with Ceylinco VIP are automatically entitled to an exclusive Rs. 1 million serious illness cover that will reimburse medical costs incurred in the treatment of heart disease, cancer, kidney failure, stroke and several other serious illnesses (including  major organ transplants, chronic lung and liver diseases, deafness, blindness, multiple sclerosis, paralysis, etc.).

From the Rs. 437 paid out, Rs. 315 million was paid for heart-related ailments and another Rs. 122 million for the treatment of cancer and kidney ailments and several other serious illnesses. Among the beneficiaries are comprehensive policy holders who insured all types of vehicles with Ceylinco VIP as well as third party policy holders.   

“Considering the uncertainty prevailing these days, customers seek genuine partnerships that deliver on promises and provide valuable benefits. Ceylinco General Insurance believes in delivering a high level of service that delights customers. Ceylinco General Insurance has created a unique and unparalleled product that extends never-before benefits to customers and keeps adding further value at regular intervals. Ceylinco General Insurance is always looking ahead to understand the evolving needs of customers so as to be able to offer benefits that ease their financial burden and fulfil their aspirations,” opined Ceylinco General Insurance Chairman/Chief Executive Officer Patrick Alwis.

Ceylinco General Insurance Managing Director Upali Witharana said: “Considering the financial pressures prevalent in Sri Lanka today and the ongoing threat of the COVID-19 virus, medical costs are a great source of worry for customers.  Since Ceylinco VIP has carved out a major share of the vehicle insurance market, most Sri Lankan vehicle users are now entitled to this valuable health insurance cover in addition to others they already enjoy.” 

According to him some of the other benefits are a 10-year warranty for their vehicle against manufacturers’ defects, which is valid for the first 10 years from the year of manufacture; if a brand new or unregistered vehicle gets condemned within two years of the  first registration and the market price is higher than the present sum insured, an additional 25% is given for free with the claim; a Rs. 4 million emergency hospitalisation insurance cover; a similar replacement vehicle in the event the accident repair exceeds four days; emergency roadside assistance; personal accident cover of up to Rs. 200,000 for each passenger; the insured value of the vehicle increasing by 10% every year, payment of lease instalments of up to two months in the event of a repair exceeding 30 days, etc. 

“These are unique and exclusive benefits only accessible to our Ceylinco VIP On The Spot policyholders,” Witharana added.

In the case of individual customers, the insured is entitled to this revolutionary benefit, while corporate customers or fleet owners must name an individual (user or driver) as beneficiary. For individual customers with more than one vehicle, the spouse or immediate family members could be named as beneficiaries. Similarly, comprehensive motorcycle and three wheeler policyholders are entitled to a cover of Rs. 100,000 and third party customers too are entitled to a cover of Rs. 100,000.