Wednesday December 16, 2020
ECONOMYNEXT – Sri Lanka’s Union Assurance, a unit of John Keells Holdings stated it had began on-line platform which makes it straightforward to buy life insurance coverage with out paper work.
Branded ‘Clicklife’, the service affords insurance policies in a person pleasant digital atmosphere, simplifying the method of shopping for insurance coverage, with out bodily intervention, paper work or medical studies, the agency stated.
“Clicklife is a completely digital end-to-end answer providing a seamless person expertise from buy to coverage issuance, and servicing, and is obtainable for anybody, anyplace at any time,” Jude Gomes, Chief Government Officer of Union Assurance stated in a press release.
The primary 1,000 clients would get free Covid-19 cowl. A canopy of as much as two million comes at a round 23 rupees a day, the agency stated.
A self-servicing app will offers real-time updates on coverage info together with dues, balances, and claims standing, and has additionally permits digital coverage mortgage submissions.
The App additionally features a well being tracker linked to a rewards scheme for fast redemption of vouchers and low cost coupons.
With the results of Covid-19 anticipated to proceed to the foreseeable future, the agency says it has tailored to supply life insurance coverage and introduced globally evolving practices to the nation.
Union Assurance has a market capitalization of 18 billion rupees, a life fund of 40 billion rupees and capital adequacy ratio of 461 % the agency stated. (Colombo/Dec16/2020)