July, 25, 2014
- A tailor made insurance cover for pensioners -
Asian Alliance Insurance, together with the Department of Pensions along with the intermediation and involvement of Colombo RE Insurance Brokers, recently announced a specially tailor-made insurance cover for Sri Lanka’s retired senior citizens, who have contributed a life time of service towards Sri Lanka’s economy, society, and future generations. The insurance cover was introduced with the objective of safeguarding the life styles of retired senior citizens. The event was graced by the Hon. Minister of Public Administration & Home Affairs Mr. W. D. J. Seneviratne.
Every pensioner under this cover will be empowered with the strength to face the challenges and sicknesses that may occur during their retired life. The policy is available under three insurance plans and pensioners may choose the best fitting policy depending on their financial strength. They are given the facility of paying the monthly premium directly from their pension.
The Buhuman policy extends a range of special benefits including personal accident cover, hospitalization cover, funeral expenses cover and critical illnesses cover.
Speaking about the introduction of this insurance cover Mr. Ramal Jasinghe the Director/CEO of Asian Alliance Insurance said, “Our senior citizens have played an integral role in the development of Sri Lanka and we are today reaping the benefits of their many years of hard work. We devised this policy for pensioners as a way of showing our appreciation and gratitude to them for a life time of untiring contribution to society. Currently the total pensioner’s population is around 536,000 where 25,000 enters into the database annually.”
Director General Mr. S. S. Hettiarachchi of the Department of Pensions commented, “I profoundly thank Asian Alliance Insurance for helping us launch the ‘Buhuman Pensions Policy’ amidst such a grand gathering. The Buhuman pension policy will cover accidents, hospitalizations and critical illness that many government servants would face post retirement. I commend Asian Alliance for identifying the need for an insurance scheme of this nature and extending their good will to make it a reality.”
Retirees can obtain this policy by filling out the Buhuman form available in the official website of the Pensions Department and all the Divisional Secretariat Offices. For additional details with regard to the insurance scheme the customers could contact
011 2315555 or Nirosh – 0777 328607/Yasas – 0772396969 at Asian Alliance.
Asian Alliance Insurance PLC is a Composite Insurer rated BBB+ by Fitch Ratings and is one of the few companies in the industry to have obtained an international rating. The shareholders of the company include DEG and FMO that are internationally reputed AAA DFI institutions. Asian Alliance operates through a network of 53 locations that are positioned in all provinces of the country and is part of the fast growing Softlogic Group that has interests in Healthcare, Retail, Financial Services, ICT, Leisure, Automobiles and Restaurants.
Photo caption: Presenting the 1st Buhuman Policy to the former Navy Commander Admiral Jayanath Colombage. (From Left) Mr. Ramal Jasinghe – Director/CEO (AAI), Mr. W.D.J. Seneviratne – Hon. Minister of Public Administration & Home Affairs, Mr. Sunil Hettiarachchi, Director General of Pensions Department and Admiral Jayanath Colombage, Former Navy Commander
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