HNBGI ‘Pay As You Claim’ wins ‘Motor Insurance Initiative of the Year’ at Insurance Asia Awards 2021

HNB General Insurance Ltd. (HNBGI), a leading motor and non-motor insurance service provider in Sri Lanka, was awarded the ‘Motor Insurance Initiative of the Year – Sri Lanka’ by the Insurance Asia Awards 2021 for the innovative insurance solution, ‘MotorGuard Pay As You Claim’.

Pay As You Claim is a revolutionary insurance solution which gives customers the choice of paying 40%, 50% or 60% of the premium, to comprehensively cover the vehicle for the entire year. In the event of an accident, the claim will be paid once the policyholder settles the remainder of the premium. 

Speaking regarding this achievement, HNBA and HNBGI Chief Executive Officer Prasantha Fernando stated, “We are extremely honoured to have been recognised for the ‘Motor Insurance Initiative of the Year – Sri Lanka’ for the most recent addition to the general insurance product bouquet, ‘Pay As You Claim’, by Insurance Asia in their 2021 award line up. Maintaining a reliable and customer centric outlook throughout the years, HNBGI has been in the forefront of providing meaningful motor and non-motor insurance solutions to our customers through an array of innovative solutions. This award reflects the functionality and relevance of the product to our customers and is a testament to innovativeness of the product. I’m thankful to the HNBGI team for their efforts in introducing this timely product to the market.” 

Sharing his thoughts, HNBGI Chief Operating Officer Sithumina Jayasundara stated, “This award strongly amplifies the unique strategies and actions put in a place by a devoted and highly skilled team to develop such a product with very distinctive features. Pay As You Claim is the outcome of understanding the ever-changing needs of our customers as well as the existing gap in the market. The company has taken a collaborative approach in developing products that offer comprehensive solutions to cater to the needs of our customers, and I believe that Pay As You Claim will surely set new benchmarks in the industry. Whilst saluting the team behind Pay As You Claim for all their efforts and winning this accolade, I wish to reiterate that the Company will continue to develop products that are innovative and more attuned to customer needs.”

HNB General Insurance Ltd. (HNBGI) was incorporated in January 2015 and specialises in Motor and Non-Motor Insurance Solutions and is presently one of the fastest growing general insurance companies in Sri Lanka, with a network of 56 branches. The company is ranked within the Top 100 Brands and has been awarded a ‘National Insurer Financial Strength Rating’ of ‘A+’ (lka) by Fitch Ratings Lanka Ltd. and has obtained the Great Place to Work certification and is a fully-owned subsidiary of HNB Assurance PLC. HNBA, the Parent Company specialising in Life Insurance solutions is ranked within the Top 100 Brands and Top 100 Companies in Sri Lanka and has won multiple accolades for Brand Excellence, Digital Marketing and HR Excellence and many awards for its Annual Reports at award ceremonies organised by the Institute of Chartered Accountants of Sri Lanka and the South Asian Federation of Accountants.