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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2703

Ceylinco introduces Hasthi Uvaduru Rakawaranaya

By Quintus Perera – Asian Tribune

Colombo, 31 October, (Asiantribune.com): Ceylinco Insurance has taken another step forward in introducing, in conjunction with the University of Colombo, the University of Peradeniya and Virje University of the Netherlands, an insurance policy aimed at minimising the impact of the Human – Elephant Conflict prevalent in Sri Lanka.

The concept was developed by the three universities, collating years of research and supported technically by Ceylinco Insurance. It identified as the Hasthi Uvaduru Rakawaranaya (HUR), to be introduced to lessen the Human – Elephant Conflict in the island and will rehabilitate farmers and individuals, whose lives and livelihoods are at risk.

HUR will also focus on conserving elephants and safeguarding their habitats. The new policy entails several benefits to farmers and their families, including a cover of Rs. 200,000 in the event a death or permanent disablement of the insured due to an elephant attack, a cover of Rs.50,000 in the event of the death or permanent disablement of the spouse due to an elephant attack, a cover for the secondary and tertiary education of the insured’s children, a cover of up to Rs.20,000 to compensate damages to the crops of the insured due to an elephant attack and a cover of up to Rs.25,000 to compensate damages to the insured’s home due to an elephant attack.

Profitability of the scheme will be reviewed annually and a 20 percent portion of the profits will be channelled towards elephant conservation activities recommended by community organisations. HUR is expected to avert 150 elephant deaths annually, due to the actions taken by farmers, while reducing poverty in Human – Elephant Conflict areas.

The launch of the new policy was attended by several dignitaries, including the C B Rathnayake, the Minister for Estate Infrastructure and Livestock Development, who was the Chief Guest at the event, while the Chairman of Ceylinco Consolidated, Deshamanya Dr. Lalith Kotelawala made a presentation on possible private sector contributions for conserving elephants and compensating farmers. Several other elephant conservation experts, including Professor S W Kotagama and Dr Pruthuviraj Fernando, also spoke at the event.

Ceylinco Insurance, in a gesture aimed at uplifting the quality of life of the marginalised and under-privileged farming community, who are at direct risk in the Human – Elephant Conflict, made the new policy available at an affordable annual premium of Rs.650.

- Asian Tribune -

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