HNBGI launches ‘Pay As You Claim,’ revolutionary cover for vehicle owners

HNBA and HNBGI Chief Executive Officer Prasantha Fernando

HNBGI Chief Operating Officer Sithumina Jayasundara

HNB General Insurance Ltd. (HNBGI) recently announced the introduction of MotorGuard ‘Pay As You Claim’, a comprehensive vehicle insurance solution like no other.

The flexibility of this modern plan offers peace of mind for vehicle owners to get their vehicles fully insured for the entire year by only paying a part of the premium.

Sharing his views on Pay As You Claim, Chief Executive Officer of HNBGI and its Parent Company HNB Assurance PLC (HNBA) Prasantha Fernando stated, “Pay As You Claim is the outcome of our innovative thinking, extensive market research and understanding the exact needs of our customers. The newest addition to our General Insurance portfolio provides the ideal solution that every vehicle owner seeks, a comprehensive cover for a lower cost and peace of mind. Pay As You Claim is also our way of rewarding and encouraging safe driving practices”. 

Fernando further stated, “Another highlight of this revolutionary product is that the cost benefit of Pay As You Claim exceeds the regular No Claim Bonus of a comprehensive cover if no claim is made for the year. We as a responsible General Insurance solutions provider have taken measures to do our best to make it one less of a worry for our customers by ensuring convenience and utmost comfort of knowing that their vehicle is given the best possible protection.”

Expressing his views on Pay As You Claim, HNBGI Chief Operating Officer Sithumina Jayasundara stated, “Developed with the objective of releasing the financial pressure off a vehicle owner, giving them comfort to tend to their activities safely, what’s unique to Pay As You Claim is that the insured is able to obtain full coverage for their vehicle for the entire year only by choosing to pay either 40%, 50% or 60% of the annual premium. In the event of an accident, the respective claim will be processed once the remainder of the premium is settled. By way of this, customers are all given the opportunity to experience the convenience of full insurance rather than having doubt linger in their hearts and minds on what’s best for their precious vehicle, and I invite all customers to contact their nearest HNBGI Branch, to get their Pay As You Claim Policy today.”

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.