HNBA News

HNB Assurance PLC (HNBA), a leading Life Insurance service provider together with its fully owned subsidiary, HNB General Insurance Limited (HNBGI), a fast-growing General Insurance Company has surpassed the Rs. 10 Billion mark in terms of its turnover for the year ended 31st December, 2020. Mr. Prasantha Fernando, Chief Executive Officer of HNBA and HNBGI shared his thoughts stating, “The HNBA Group kickstarted the new year with this remarkable achievement under its belt despite the impact of an ongoing global pandemic. The Group was able to achieve this covetous milestone in terms of its Gross Written Premium (GWP) as a result of a well curated business strategy, service excellence, product deliverables to suit the needs of our customers, an efficient claims settlement process, all delivered by a team of happy and motivated employees. The Management is indeed grateful to have witnessed this achievement especially during these testing times”. Sharing his views, Mr. Lasitha Wimalaratne, Chief Operating Officer of HNBA stated, “HNBA as a leading Life Insurer has stood by its promise to take good care of its customers and its employees especially in an extremely volatile and challenging environment, and being at the forefront  of a competitive industry, HNBA has exercised excellent business strategy, product innovation and service enhancement initiatives to deliver outstanding returns to all stakeholders. As an entity that holds great responsibility within the financial services sector of the country, achieving the Rs. 10 Billion mark during a time of economic uncertainty has aptly demonstrated the Group’s agility and business strategies executed meticulously to transform unprecedented challenges into opportunities. Thus, this is a brilliant testament to the Group’s growth and firm footing in the market. I’m thankful to the dedication and commitment of our dynamic teams, and for their fabulous drive to achieve the impossible”. Mr. Sithumina Jayasundara, Chief Operating Officer of HNBGI mentioned, “Surpassing the Rs. 10 Billion mark in revenue generation was a landmark achievement gained by the collective efforts and contribution of the agency channel, corporate sales unit, takaful unit, broker and leasing channels. It surely is a massive achievement for any entity, especially considering the current economic backdrop. Our invaluable stakeholders have placed immense trust and confidence in the firm partnership that we have cultivated with them over time, and this achievement sets out our unparalleled strength, reliability and continued dedication to deliver. As we ring in 2021, we firmly believe that HNBA and HNBGI, as innovative and responsible insurance service providers will strive to deliver even better, achieving greater stability and growth in accordance with the new benchmarks set in the industry. Every single employee of the Company has contributed to this significant achievement and the Management of HNBGI is thankful, and remains confident of the future outlook of the Company”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place to Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) announced its Corporate Theme for year 2021, ‘Moving Ahead Strong and Resilient’.  As such, the Group will focus on key drivers; Stakeholder Value Creation, Sustainable Growth and Stability. Sharing his views, Chief Executive Officer of HNBA and HNBGI, Mr. Prasantha Fernando stated, “The dawn of another brand new year fills our hearts with hope, determination and courage to surpass our goals and realise our aspirations that we have set for ourselves both at HNBA and HNBGI. 2020 was a challenging year for all of us but the HNBA Group was able to deliver a steady performance, owing to its commitment, determination and resilience. This year’s Corporate Theme of HNBA and HNBGI is built upon what we consider as the very Core Pillars of our business strategy, Stakeholder Value Creation, Sustainable Growth and Stability. As HNBA steps into its 20th year in business, our teams are dedicated to create a difference by setting new benchmarks in terms of Service Excellence, Innovation, Transformation and Social Stewardship. The Management of HNBA and HNBGI firmly believes that with the direction of the Board and commitment of a dedicated team of professionals, the Group will strive to make a marked difference in 2021”. Mr. Fernando further added, “I take this opportunity to convey my heartfelt wishes to all our customers, shareholders, employees and their loved ones and that this new year will be one filled with peace, prosperity, good health and a sense of contentment”. The lighting of the traditional oil lamp and kick-starting the new year was conducted in the form of a hybrid event keeping in line with the need for social distancing, attended by the Executive Committee led by the Chief Executive Officer and joined by the employees through a virtual platform. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place to Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.

HNB Assurance PLC (HNBA) announced the launch of SuperCI recently, a revolutionary cover catering to the needs to battle a range of critical illnesses that one could face in life. Developed with the prime focus of providing peace of mind to safeguard individuals’ health, HNBA SuperCI offers many special benefits in the instance of a cancer diagnosis, heart condition and more. Sharing his thoughts Chief Executive Officer of HNBA and HNB General Insurance Limited (HNBGI), Mr. Prasantha Fernando stated, “Placing great attentiveness towards the challenges that people experience due to the various adversities of health, HNBA SuperCI is introduced to provide the ideal financial comfort to help them recover and head towards a superior lifestyle despite the critical illnesses faced. The SuperCI Rider is committed to providing the Assured the benefit of financial planning for 32 critical illnesses, predominantly focusing on cancer diagnosis and heart conditions that showcase greater rates of risk at present, amongst many in society.  We believe that constantly educating people on the infinite price of good health, and making it a core necessity to take good care of one’s wellbeing could be accomplished by SuperCI along with many other benefits it has to offer”. Mr. Lasitha Wimalaratne, Chief Operating Officer of HNBA articulated his views stating, “HNBA SuperCI is the brilliant outcome of extensive research and expertise of a dynamic team. The scope of the cover includes an Early Stage Cancer Benefit and a Minor Heart Condition Benefit covering 09 Conditions, where 25% of Sum Assured will be paid to the Policyholder along with a Waiver of Premium Benefit for 05 years following the acceptance of an Early Stage Claim, as a special feature. Further coverage includes Late Stage Cancer Benefit and Major Heart Condition Benefit covering 07 Conditions, where 100% of Sum Assured will be paid inclusive of a Monthly Income Benefit for 05 years following the acceptance of Major Cancer/Heart Condition Claim, as a specialty, also applicable for the range of 32 Critical Illnesses”. Elaborating further, Mr. Wimalaratne stated, “Special features of SuperCI also includes a 10% increase of the Sum Assured every year for each claim free year without an increase in Premium. Optionally, the Cover enables Return of Premiums at Maturity if no claim is made under the Benefit”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place to Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.