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HNB Assurance Group records significant growth in 1H20

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HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) recorded a Profit After Tax (PAT) of LKR 500 MN during 1H 2020, depicting a steady growth amid the outbreak of a global pandemic.

Speaking on the financial performance of the Group, chairperson of HNBA and HNBGI, Ms. Rose Cooray stated, “it is indeed a great pleasure to announce that HNB Assurance Group has achieved a significant PAT growth compared to the corresponding period of the previous year following an economic downturn caused by the outbreak of a global pandemic. Through the tireless efforts, our teams successfully navigated the challenging environment to deliver a noteworthy performance. The Life Insurance business recorded a PAT of LKR 176 MN showcasing a growth of 25%. The profit does not include any surplus transfer from the Life Fund.

“The General Insurance business recorded a PAT of LKR 323 MN depicting an impressive growth of 120%. These results reiterate the resilience of our sustainable core business model and the Group’s undivided focus in capturing market segments with growth potential. The unprecedented challenges arising from the COVID-19 outbreak together with other adverse global market conditions have created a challenging backdrop which businesses around the globe are currently experiencing; but with the strategies of the Management together with the dedication of the staff members of HNBA and HNBGI and the Advisor Force, I’m sure we could overcome this uncertain turbulence.”

Sharing his views on the performance of the Group, Chief Executive Officer of HNBA and HNBGI, Prasantha Fernando stated, “HNBA Group delivered outstanding financial results amidst a number of macro-economic challenges presented during a global crisis. In a market backdrop where most businesses succumbed its profits to the outbreak of COVID-19, HNBA Group has delivered a notable performance. The Group recorded a Gross Written Premium (GWP) of LKR 4.5 BN. The investment income of the Group surpassed LKR 1.2 BN and the total assets of the Group surpassed LKR 29 BN. The Group has taken swift and effective measures and has adapted various agile initiatives following the COVID-19 outbreak, including enhancing its digital selling portals and claims settlement platforms. It is noteworthy to mention that the Life and General Insurance Funds surpassed values of LKR 15.7 BN and LKR 2.9 BN respectively reaffirming the Group’s firm footing”.

Fernando further added, “the Management is thankful for the commitment and dedication of all employees during these trying times. The Management remains confident that together with the diversified business strategies the Group will be able to sustain its continuous growth and deliver value to all stakeholders.” (HNBA)

 

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Sandas Aura offers ‘cosmic energy’ treatment for ailments

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Sandas Aura and Natural Healing centres in Battaramulla, Kurunegala and Gampaha offer the opportunity to experience the healing properties of this energy.

This programme is run by astrologer, Reiki master and spiritual treatment advisor K. A. U. Sarathchandra.

“Since the trinity of the mind, the spirit and the body are treated through universal cosmic energy treatment, not only physical diseases but also psychological and spiritual ailments too can be cured through this. This is a unique feature not found in other treatments,” he says.

“There are many universal cosmic energy based treatments in the world such as Reiki, Pranic, Cosmic, Anglican and Jore. Majority of the illnesses we get including non-communicable diseases, and the resultant suffering, can be cured through universal cosmic energy. You can get your your aura checked through the latest 3D aura machine and obtain universal cosmic energy treatments at the centre”, he says.

“Through Reiki treatment, not only can the curing of disease and suffering be alleviated but physical regeneration, reinvigoration and reimmunization can be developed. Through the immunity that results, the contracting of communicable diseases and viral diseases can be prevented”, Sarathchandra says.

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Dwaraka vegetarian spot opens in Mount Lavinia

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Dwaraka, a pure vegetarian spot for authentic North and South Indian flavors opened their second restaurant at No.10, Old Quarry Road, Mount Lavinia recently. The fully air conditioned restaurant has a spacious dining area that comfortably accommodates 100 diners with all modern facilities. In a move to be truly Indian in what is prepared, Dwaraka employs a set of chefs brought from India specialized in South Indian and North Indian cuisines. It offers more than a fine dining experience for a family with convenience and comforts .The location is ideal for spending more time with family or friends. Dwaraka – Mount Lavinia is open from 10 a.m. to 11 p.m. The main branch of Dwaraka situated at No 37, Jaya Road, Colombo 04, is open from 7 a.m. to 10.30 p.m.

Naan, parata, masala, rotty, chettinad cuisine, paneer, dosai, string hoppers ,rice, noodles ,fried rice, kottu, vadai, soup, biriyani, short-eats, salads, raita, starters, fruit juice, lassi, soft drinks, tea, coffee etc. are available at Dwaraka.

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Union Assurance makes way for kids to dream big

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The Union Assurance Sisumaga+ stall was abuzz at the Colombo International Book Fair with kids dreaming big about what they wanted to be when they grow up.  An interactive photo booth had aspiring kids posing as doctors, graduates, pilots, engineers and even YouTubers. The event was a hive of activity with raffle draws, scratch and win competitions and advisors educating parents on the possibilities for securing and protecting their children’s higher education aspirations. 

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