Asian Alliance Insurance launches Lloyds Global Medical Plans in Sri Lanka

Wednesday, 25 May 2011 00:00 - - {{hitsCtrl.values.hits}}

Asian Alliance Insurance PLC (AAI) together with Global Assurance Group launched “Lloyds Global Medical plans” yesterday in Colombo.

Lloyds Global Medical Plans was officially launched at a breakfast meeting held at Galadari Hotel, Colombo, with top corporate officials and insurance brokers among the distinguished invitees whilst the top management of AAI, Global Assurance Group President and CEO Chaim Druin and Vice President and Marketing and Business Development Mendy Boaz were present to witness this historical milestone.

Increasing demands for comprehensive global medical insurance solutions at competitive rates have been a challenge to most clients and brokers in the local market. AAI is of the opinion that Lloyds Global Medical plans will address this challenge by offering unique and generous benefits at affordable premium rates to local corporate groups, multinational corporations, individuals and expatriates. Lloyds Medical plans would provide the customers with the opportunity to reimburse medical expenses up to USD 1 million both locally and internationally under three plans which include individuals as well as families.

AAI’s contribution to this partnership is a result of their superior market knowledge and expertise to ascertain highest level of customer service together with an island wide distribution network in Sri Lanka.

Asian Alliance Insurance is one of the leading composite insurers in the industry providing innovative insurance solutions. RAM Rating Ltd. has assigned a BBB- Rating to AAI underlining the claims paying ability (CPA), based on the soundness of the Company’s operations and financial strength. AAI is committed to serve its potential and existing policyholders by assisting them to “protect the things they love” while honouring the fundamentals of insurance.

The brand name of Lloyds of London is well recognised as a worldwide leader in insurance with a long standing history of over 300 years together with its asset strength and credit ratings. Combining the reputation of Global Assurance Group as a Lloyds of London coverholder and years of expertise in global medical insurance has conceived an insurance plan of excellence, first class benefits and committed customer service.

“This unique product launch will no doubt strengthen our market position and add value to our customer offerings. We are confident on the success of this initiative considering the recent demands from the market for upgraded health insurance plans. Asian Alliance is privileged to be associated with Global Assurance Group,” Asian Alliance Insurance CEO and Director Ramal Jasinghe said.

Global Assurance Group President and CEO Chaim Druin shared his delight of this alliance; This alliances represent a step in the maturing in the international health insurance market with a regional trend of expansion from expatriates and multinational to mainstream middle and upper class local nationals. What used to be a niche business is very much becoming core practice. We are delighted with our partnership with Asian Alliance, their level of expertise and keen understanding of the Sri Lanka market and this project.