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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2963

Janasakthi provides wide range benefits for local motor insurance policy holders

Sunil C. Perera - Reporting from Colombo

Colombo, 27 March ( Motor insurance policyholders can now avail themselves of the widest range of benefits ever provided by a Sri Lankan insurer to date, with Janashakthi – “Full Option. “

Janashakthi Insurance Company has revolutionized motor insurance in Sri Lanka by providing policyholders with a wide range of benefits that go beyond those usually offered by a motor insurance policy, at no extra cost.

Prakash Schaffter, CEO / Managing Director of Janashakthi said that Janashakthi “Full Option” takes into account not only the needs of vehicle owners, but also their passengers and affected pedestrians as well, by providing them with a host of benefits that include many ‘ firsts’ in the industry.

“Janashakthi “Full Option” is the first to accept No-Claim Bonuses from other insurance companies and offers the highest percentage of No Claim Bonuses of up to 75%. New vehicle owners are also given a 15% No Claim Bonus upfront. An exciting alternative to the traditional methods of premium payments is offered with the Zero Interest Installment Plan, which eases the strain of paying premiums in one
lump sum. Policyholders are also given a grace period of an extra 15 days after expiry of the payment period of the policy, in the event of them forgetting the renewal date”.

Janashakthi “Full Option” also provides the highest discount on multiple vehicles as well as loss of income support for owners of buses and three-wheelers. In the unfortunate event of an accident, Janashakthi pays for hospitalization, and is the first insurer to offer personal accident protection and hospitalization benefits to the passengers of the vehicle as well. The Janashakthi Pedestrian No Fault Scheme compensates the next of kin in the event of a fatal pedestrian accident, irrespective of whether or not the policyholder was at fault.

Cash is also provided for a replacement vehicle, if the vehicle is garaged for more than four days. Janashakthi Full Option is the flagship Motor Insurance brand of Janashakthi Insurance Company and was recognized by the Sri Lanka Institute of Marketing at the SLIM brand excellence awards, as being the most innovative service brand in Sri Lanka.

These ground-breaking new additions to the industry are supported by an island wide on-site damage inspection facility that requires no police reports. A claims settlement process and a 24-hour and 365 day fully operational Call Centre, assists motor policyholders by arranging for the immediate inspection of damaged vehicles and authorizing repairs, either at the Company’s state-of-the-art Vehicle Collision Repair Centre or at a garage of the policyholder’s choice. Benefits also include free ‘natural perils’ protection coupled with flood cover.

“We believe in continuous product development, and will improve our product offerings to our policyholders to keep us a step ahead of competition by meeting ever changing consumer needs,” Mr. Schaffter explained. “A dedicated Research and Development unit works continuously on consumer insights and demands, anticipating the potential and future needs of our policyholders. This is in keeping with our brand promise of being the “Full Option” that delivers a superior product to policyholders”, he added.

- Asian Tribune -

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