Business
Union Assurance empowers its policyholders by introducing free COVID-19 life coverage
Union Assurance PLC being one of the largest insurance solution providers in Sri Lanka has further established their commitment towards the nation by staying true to its promise, ‘Your Life, Our Strength’. In turbulent times such as COVID-19, the company has taken initiative to persevere and adapt by responding to customers’ needs irrespective of the unanticipated circumstances presented.
The free COVID-19 cover has been reinstated to support both existing and new policyholders to ensure additional protection during these uncertain times. The cover provides a free death cover up to a maximum of LKR 1 million per policyholder. This free cover is valid for a period of one month commencing from 02nd November 2020 to 01st December 2020.
Union Assurance was also recognized as one of the first life insurance companies to offer hospital cash benefits for quarantine treatments since the outbreak of COVID-19 in Sri Lanka. The company therefore assures all its valued policyholders this initiative would be continued in which hospitalization per day claims directly resulting from COVID-19 will be considered from 20th October to 31st December 2020.
Amidst grave adversity Union Assurance strives to provide its unwavering commitment in offering the best in class protection coverages to its policyholders while ensuring that their families are financially empowered to face any challenge and uncertainty.
Jude Gomes, Chief Executive Officer of Union Assurance stated, “The COVID-19 pandemic is a global health, economic and social crisis and has affected people from all walks of life. We offer this timely protection cover free of charge to provide our policyholders the added peace of mind that the future of their families will be secured during these uncertain times. The specialty of this cover is that it is not just limited to our existing policyholders but is also offered to new customers and thereby giving Sri Lankans access to secure the future of their families.”
To obtain more information about this free COIVD 19 cover, call the Union Assurance 24-hour hotline on 1330, email: info@unionassurance.com; or chat with the company on www.unionassurance.com
Union Assurance is the oldest private life insurer in Sri Lanka, and is a member of the John Keells Group, Sri Lanka’s largest listed conglomerate. Union Assurance completes over three decades of success in the industry with a market capitalization of Rs. 18 Bn, a Life Fund of Rs. 38 Bn and a Capital Adequacy Ratio (CAR) of 434% as at August 2020. Set to empower the Sri Lankan Dream, Union Assurance offers Life Insurance solutions that cover education, health, protection, retirement, and investment needs of Sri Lankans. With 76 branches and an over 3000-strong workforce, Union Assurance continues to invest in people, products, and processes to remain agile and responsive to emerging changes in the Life Insurance industry.
Commercial Bank of Ceylon has entered a strategic partnership with David Pieris Automobiles (Pvt) Ltd to offer specially structured leasing packages for GWM and BAIC vehicles, the companies announced.
Under the collaboration, Commercial Bank will provide leasing facilities through its island-wide branch network for selected GWM and BAIC models. Customers benefit from attractive interest rates, concessions on documentation charges, and a complimentary credit card with the first-year annual fee waived. Repayment schedules can be tailored to individual income patterns for more manageable ownership.
David Pieris Automobiles, the four-wheeler sales arm of the David Pieris Group, markets the BAIC X55, BJ30, and BJ40, alongside GWM’s Haval H6 HEV, H6 PHEV, H6 GT PHEV, TANK 300 HEV, and TANK 500 HEV. The company adds value with free registration and two complimentary labour services.
The partnership is underpinned by comprehensive warranties. GWM hybrids feature engine warranties up to six years or 200,000 kilometres and battery warranties extending to eight years or 160,000 kilometres. BAIC models carry three-year or 100,000-kilometre engine warranties.
The joint promotion runs until 30 January 2027.
Berendina Micro Investments Company Limited (BMIC) and Berendina Development Services (Guarantee) Limited (BDS) have both received Bronze Awards at the CA Sri Lanka TAGS Awards 2025. BMIC, the nation’s first licensed microfinance company, was honored for financial reporting excellence, while BDS was recognized in the Not-for-Profit category for transparent reporting and community development. BMIC serves over 100,000 customers with a LKR 6.8 billion loan portfolio, and BDS supports 25,000 families annually.
Chairman Anura Atapattu stated the awards validate that transparency is core to the organization’s mission, demonstrating that every rupee is accounted for.
Foxygen has announced the launch of Ozone’s architectural hardware solutions in Sri Lanka as the exclusive distributor and channel partner, at the Architects Exhibition held at BMICH. Ozone’s products including its existing range of glass hardware, along with glass railing systems, automatic doors, door hardware, furniture fittings, wardrobe fittings, locks, and digital safes will now be just one call away for the Sri Lankan building industry.
With over two decades of industry expertise, Ozone has earned the confidence of architects, builders, planners, and homeowners across 45+ countries, including the USA, Germany, Turkey, Italy, and the UAE. Supported by a portfolio of more than 6,000 products, the company positions itself not only as a solutions provider but also as a creative catalyst and collaborative partner, committed to high-value, customer-centric innovation.
ComBank and David Pieris Automobiles join forces for attractive leasing packages
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St. Sebastian’s–Prince of Wales Big Match ends in draw
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