Arpico Insurance launches COVIDCARE insurance solution

Arpico Insurance PLC, recently introduced a specialised insurance policy for CoVid19 – ARPICO COVIDCARE – further solidifying the Company’s commitment to provide ‘Insurance for the Living’ as envisioned by Company founder and Group Chairman of Richard Peiris – Dr. Sena Yaddehige.

Under this specialized policy, three distinct policy options will be availed to suit the customers’ requirements & budget. Some of the benefits offered via this insurance cover include up to Rs. 1,500,000 in the event of death due to CoVid19 or accident, daily hospitalization benefit up to Rs. 5,000 per day for quarantine in a Government approved facility, reimbursement of ICU medical costs of up to Rs. 200,000 due to CoVid19, reimbursement of up to Rs. 5,000 for CoVid19 vaccination as well as funeral expenses up to Rs. 50,000 for death due to CoVid 19 or accident.

Commenting at the launch of ARPICO COVIDCARE, Dr. Sena Yaddehige mentioned that Arpico Insurance PLC is one of the first Insurance providers in both Sri Lanka and in the region to have promptly responded with a creative solution to the raging pandemic: “This is very much in line with our corporate philosophy of providing ‘Insurance for the Living’. We have designed this policy to include maximum benefits for a reasonable premium which also aligns with our commitment to making insurance accessible to all citizens without exception.”

“We noticed a void as well as a need in the market for a specialized plan as what is already available is not designed specifically to cater to a pandemic outbreak, such as what we are currently experiencing”, he said.

Creating a new product in a short span of time, under challenging circumstances, is no easy feat and credit goes out to our exceptionally talented team at Arpico Insurance PLC for rising to the occasion as always,” he added.