Ceylinco VIP enhances Accidental Health Insurance benefit to Rs 10 million – absolutely free for all policyholders

Ceylinco General Insurance announced recently that the Accidental Health Insurance benefit offered to its Ceylinco VIP On The Spot Motor Insurance policy holders will be increased to over Rs 10 Million with immediate effect. This Emergency Hospitalisation Insurance Cover is absolutely free-of-charge for its Ceylinco VIP On The Spot customers.

It includes a cover of Rs. 2 million for hospitalisation expenses in the event of a road traffic accident within Sri Lanka and, if necessary, for follow-up treatment overseas on medical recommendation. Further, in the event of a policyholder travelling overseas, he or she will be entitled to a hospitalisation cover due to any medical emergency up to Rs. 2 Million, and Rs. 4 Million for hospitalisation expenses due to an accident for up to 15 days whilst overseas.

Furthermore, overseas travelers will be entitled to Personal Accident Insurance of Rs. 2 Million, which will include Death and Total Permanent Disablement covers while overseas and Permanent Partial Disablements will be covered up to Rs. 1,000,000/-. The benefits announced will be applicable to comprehensive policyholders of Ceylinco VIP On The Spot who have insured their Cars, Vans, Jeeps, Double Cabs, Buses, Lorries as well as Three Wheels. Similarly, comprehensive motorcycle policyholders will be entitled to a Hospitalisation Cover of Rs. 500,000/- in the event of a road traffic accident within Sri Lanka. Third party customers too will benefit with a cover of Rs. 300,000/- for hospitalisation in the event of a road traffic accident within Sri Lanka for vehicles and Rs. 200,000/- for motorcycles.

The new cover will be valid for all new policies with immediate effect and at the next renewal for existing policies. In the case of individual customers, the insured will be entitled to this revolutionary benefit, while corporate customers or fleet owners must name an individual (user or driver) as beneficiary.

“This benefit will undoubtedly ease the burden on our customers to a great extent. In addition to a host of other benefits they already enjoy, such as a Serious Illness cover of Rs One Million for hospitalization due to Cancer, Heart Attack, Kidney transplant and 21 illnesses, an additional 25 % with the claim if a brand new or unregistered vehicle gets condemned within two years of the first registration (even if the market price is higher than the present sum insured), a similar replacement vehicle in the event the accident repair exceeds four days, emergency roadside assistance etc.