Connect with us

Business

BASL & Union Assurance partnership renewed – group medical cover added to portfolio

Published

on

Union Assurance PLC, Sri Lanka’s fastest growing life insurer has renewed its partnership with the Bar Association of Sri Lanka for the fifth year in a row, cementing the two organisations’ mutual relationship.

Senath Jayathilake, the Chief Distribution Officer of Union Assurance, said, “Union Assurance is delighted to take its current partnership with BASL to its next phase by offering the esteemed legal professionals of Sri Lanka, the most comprehensive group medical cover the industry has to offer. We are continuously committed towards offering our clientele the very best products and solutions in the insurance industry, and we believe that this partnership is yet another reaffirmation of this commitment.”

This partnership introduced the members of the Bar Association to Union Assurance’s Group Life Protection insurance plan, which includes comprehensive health coverage for COVID-19 hospitalisation, medication, maternity services, physicians, and dental services, as well as an array of exclusive partner benefits.

Furthermore, the partnership enables members of the BASL to obtain specialised services from Union Assurance in securing solutions related to investment, retirement, health, and education plans as comprehensive solutions that holistically protect the members and their families.

The Bar Association of Sri Lanka, founded in 1974, is one of the country’s most renowned and influential professional organisations. Over the course of several decades, the Association has offered central support for the advancement and welfare of the legal profession.

Union Assurance continues to form partnerships with a variety of top professional groups in Sri Lanka, representing members from diverse professions and sectors, to expand efforts to help more people appreciate the value of life insurance as a safety net in times of uncertainty.

Under the banner ‘Your life. Our strength,’ Union Assurance continues to invest in people, products, and processes with an aim to protect the lifestyles, relationships, and ambitions of Sri Lankans.

Union Assurance is a part of the John Keells Group, one of Sri Lanka’s largest listed conglomerates. With 82 branches and a 3,000+ strong workforce, it is Sri Lanka’s oldest, private life insurance company, with a market valuation of Rs. 16.6 billion, a Life Fund of Rs. 45.3 billion, and a Capital Adequacy Ratio (CAR) of 300 percent as of June 2021. Union Assurance is committed to empowering the Sri Lankan Dream by providing life insurance solutions that address the requirements of Sri Lankans in the areas of education, health, investment, protection, and retirement.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Passport Office collaborates with banks to boost international monetary transfers from migrants

Published

on

Central Bank Governor, Ajith Nivard Cabraal hands over a new account to a young migrant worker which he opened at the new HNB counter at the Passport Office yesterday, where Jonathan Alles, Managing Director/Chief Executive Officer of HNB was present. Pic by Thushara Athapaththu

by Sanath Nanayakkare

People’s Bank, National Savings Bank , Sampath Bank, Hatton National Bank and Commercial Bank of Sri Lanka yesterday established new banking counters at the Department of Immigration and Emigration, at ‘Suhurupaya’, Battaramulla.

The initiative is intended support the Central Bank’s ongoing effort to boost the country’s foreign reserves by offering migrant workers access for safe, official remittance channels from the time they obtain new passports or renew their passports for international jobs.

Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka who was the chief guest of the opening ceremony said,” A lot of Sri Lankans go overseas for jobs and send their hard-earned money to Sri Lanka. Sometimes they face various issues when remitting money. So we thought we should provide the opportunity for them to open an account as they obtain their passports at the passport office which they can operate with greater ease and trust when sending money to their families from abroad. The Controller of Immigration and Emigration, his staff, the officials at the Central Bank and at other relevant banks worked in unison to establish their counters here just within a week. This shows that government institutions can collaborate with the private sector and quickly accomplish any task for the benefit of the country and its people. Our hard-working migrant workforce will enjoy the convenience and reliability of this service. As a result of it, more foreign money will flow into the country and the nation will reap benefits from it,” he said.

Workers’ remittances have been a key pillar of Sri Lanka’s foreign currency earnings that has nearly 100 per cent of domestic value addition, providing a substantial cushion for external sector resilience of the country. Workers’ remittances have covered around 80 per cent of the annual trade deficit over the past two decades, and strengthening remittances inflows to the country brings several socio-economic benefits including the smooth supply of forex inflows to the formal banking system.

The Central Bank of Sri Lanka established a new department named ‘Foreign Remittances Facilitation Department’ with effect from November 3, 2021 to facilitate and streamline workers’ remittances inflows to the country.

Continue Reading

Business

SLT-MOBITEL powered SLIOT Challenge 2020 and IESL RoboGames 2020 fostering innovation

Published

on

SLT-MOBITEL, the National ICT, Telecommunications and Mobile Services Provider was the proud sponsor of SLIoT Challenge 2020 and IESL RoboGames 2020, championing innovation in Internet of Things (IoT) and robotics to reward and further develop a pipeline of tech talent and critical skills among Sri Lanka’s youth. The winners of the competitions were honoured at a special ceremony held recently.

SLIoT Challenge 2020 and IESL RoboGames 2020 was a collaborative effort between SLT-MOBITEL, the Department of Computer Science & Engineering of the University of Moratuwa and the IT and Computer Engineering Sectional Committee of Institution of Engineers of Sri Lanka (IESL). Recognising the value of promoting digital inclusion among youth and to develop new generation technology concepts, SLT-MOBITEL sponsored the event for the fourth consecutive year. Both competitions encourage technological innovation among youth which in turn provides avenues for SLT-MOBITEL to capitalize on its futuristic thinking towards a connected future.

The SLIoT Challenge 2020 theme centred around the current pandemic ‘Overcoming COVID-19 with IoT’ and over 77 submissions were received. SLT-MOBITEL comprehends that IoT is being widely embraced with the number of connected devices growing rapidly. SLT-MOBITEL recognizes that driving an IoT competition for Sri Lankan youth allows students to unleash their potential in the IoT domain and acts as a gateway to support the country’s evolution towards digital transformation.

Continue Reading

Business

Akshata launches unique new tea blends

Published

on

Akshata brand, a pioneer in promoting health and wellness the traditional way presents herbal tea alongside honey/jaggery as an alternative to sugar, redefining tea consumption.

Akshata ‘Ranawara’ herbal tea which promotes clear skin and health benefits for the body is dedicated to Queen Soma Devi who was acclaimed for her beauty, bravery, and sacrifice to save King Valagamba in 77 BC.

Managing Director of Grains N Green, Roshan Perera says, “In addition to the myriad of health benefits, consumers are encouraged to experience a taste of nostalgia with each sip of Akshata herbal tea. Today’s health-conscious consumers increasingly buy items that support their nutrition and fitness. Sugar is no longer included in this list due to its negative impact on one’s health. That’s why we have introduced healthy alternatives for sugar. Putting honey or jaggery in tea is a much healthier choice than using sugar as it does not raise blood sugar levels as quickly, and with our product you can get the tea as well as

the sweeteners all in one pack. This saves time, money, and is a healthier alternative to drinking tea with sugar.”

Akshata herbal tea with bees honey/Jaggery is available at Spar and Glomark supermarkets and can also purchase online at askshatastore.com

Continue Reading

Trending