Amãna Takaful relocates Dehiwala branch

Friday, 5 July 2013 00:00 - - {{hitsCtrl.values.hits}}

Amãna Takaful PLC (ATPLC), which recently declared its surplus to its non-claimant policy holders, relocated its branch to a new strategic business location in Dehiwala providing a more spacious, modern and comfortable environment to its customers in the area. The branch was ceremonially inaugurated by Deputy Mayor of Dehiwala and Mount Lavinia Kesara Lal Gunasekera along with Amãna Takaful PLC Chief Executive Officer Fazal Ghaffoor in the presence of members of the local business community, customers and staff. Amãna Takaful PLC has served the people of Dehiwala for the past three years, offering both life (endowment and investment) and general (non-motor, medical and motor) insurance solutions.

“We are proud to have developed our branch in Dehiwela where we have gained wide acceptance over the years. Our success in this multi-ethnic society highlights the fact that this is not a community based solution, but for all Sri Lankans devoid of any bias,” said Ghaffoor. “Today we have succeeded in gaining wide acceptance, reaching not just businesses but many households and institutions as well. We would like to thank the community for embracing not just the concept of insurance but insurance the Takaful way. Looking back, I’m pleased to see the growth of the branch and the team of professionals it has produced over the years,” Amãna Takaful PLC Branch Manager Luqmaan Nizamdeen added. The opening was also an opportunity to introduce a novel product to the customers present. The product, KruthaGuna, is a comprehensive hospitalisation solution for those above the age of 55 who are generally not offered health insurance. “We embarked on this project with the intention to not only serve a need that is not met in the market but also a dire need in society,” said Ghaffoor adding that: “KruthGuna is unmatched in benefits and is designed with specific needs of the aging population.” Amãna Takaful recently kept to its word of ‘redefining insurance’ the Takaful way, by announcing to its general insurance policyholders a “payment of surplus”, which essentially means Takaful policyholders will receive a proportionate rate from the surplus of the risk fund. As opposed to conventional insurance the Takaful concept not only benefits claimants but also takes care of non-claimants. Non-claimants receive a proportionate share of the surplus from the risk fund at the end of a defined period. By virtue of being a Takaful policyholder one becomes a participant of the risk pool. The risk pool meets all claims of the membership among other expenses. In the event of a surplus in the risk pool, non-claimants among the participants are entitled to a proportionate share of the proceeds. One of a few ISO certified insurance operators in Sri Lanka; ATPLC now operates in 22 locations with plans of expanding its footprint further. ATPLC also operates three key strategic business units that specialise in life, general and medical Takaful, which is unique in its approach to serve the respective developing customer segments. Furthermore, by keeping to its tenet of mutuality, the company also offers financial protection through the Takaful concept to the needy of the Sri Lankan populace by providing Navodhaya, ATPLC’s Micro-Takaful (insurance) solution.