News Coronavirus watch20 Nov 2020

Sri Lanka:Life insurer launches COVID-19 specific cover

| 20 Nov 2020

Janashakthi Insurance (Janashakthi), a private life insurer in Sri Lanka has launched a COVID-19 specific insurance plan that provides financial stability as well as enhanced life protection and is customisable as per the customers' needs.

The product named 'Janashakthi Covid Guard' provides cover for death from COVID-19 or by accident and loss of income for being quarantined in a government authorised facility. The coverage also includes ICU charges during hospitalisation and will also cover the cost of the PCR test and a COVID-19 vaccine once available.

Janashakthi director and CEO Ravi Liyanage said that this unique product was introduced to ensure that the protection needs of the community are met during these challenging times. “This solution is designed to offer financial stability and to support policyholders in order to manage the adversities and challenges due to the ongoing emergency situation,” he said.

The comprehensive insurance product is being offered in several variations such as silver, gold and platinum that can be customised as per the requirement of the customer and has been specifically designed to provide financial support in the midst of the COVID-19 pandemic.

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