Investing on Insurance is the Perfect Remedy…

Insurance is a promise built on a concrete of mutual understanding and trust. Here are some reason why insurance is important.

Insurance grants peace of money

Insurance, an intangible where you can`t see or touch, provides another intangible: peace of mind. Company holders can take on certain business deals because they can transfer the risks- thanks to insurance. Insurance is the appropriate safety cob web that allow entrepreneurs investigate opportunities.

Insurance is the safeguard of family and business stability

Safety cob web when risks go wrong. Life insurance can guide the life of a family, should a member be lost. It is more likely to be similar for a business. A member or a machinery should go out of task, the company can move on forward, thanks to insurance. It all goes back to the idea that insurance, when turning on makes policyholders whole again.

Increases economic growth

Insurance develop a symbolic impact on the economy by mobilizing domestic provisions for future. Insurance converts the gathered capital into beneficial investments. Insurance helps to reduce loss, the financial balance, advance trade and commerce activities. This will make an increment in the economic growth and expansion. Thus insurance plays a vital role in sustainable advancement of the economy.

Life insurance promotes savings

Insurance does not only save against risks, but also act as an investment channel. This facilitate a processed saving due to payment of regular premium. Simply it is a form of investment. Insurance will grow a habit of investing money by paying to the insurance company.

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HNBA Group Heads Forth with Steady Financial Growth

HNB Assurance Group delivered striking financial results for nine months ended September 2018, posting a Profit After Tax (PAT) of LKR 932 MN. This includes the regular profits for the period together with the One-Off Surplus which is resultant of the insurance industry valuation rule change and the 1st quarter valuation of the Life Insurance Fund under the new valuation method. The profit hence showcased a 230% growth in comparison to the corresponding period of 2017.  However, the aforementioned One-Off Surplus will only be applicable for the year 2018. The Group recorded a Gross Written Premium (GWP) of LKR 6.5 BN against a GWP of LKR 5.8 BN recoded in 2017.

Sharing her views on the financial performance, Chairperson of HNB Assurance PLC and its fully owned subsidiary HNB General Insurance Limited (HNBGI) Mrs. Rose Cooray stated, “Amidst many challenging economic factors prevailing in the market, HNBA and HNBGI have delivered outstanding performance, yielding significant results and further consolidating our firm standing in the industry. These results are a testament to the Group’s steady growth and future outlook. The Group has taken several measures to improve its efficiency and processes to provide a superlative service to its clientele”.

Speaking on the Group’s steady performance, Managing Director/CEO of HNBA and HNBGI, Mr. Deepthi Lokuarachchi stated, “These financial results are reflective of the Company’s continued commitment to grow profitable lines of business and affirm our standing in the market, delivering value to our customers and shareholders”. He further stated that the share price of HNB Assurance has remained stable since 2017, despite the challenging environment prevailing in the stock market. Mr. Lokuarachchi added, “Segments such as Motor and Fire of the General Insurance business depicted impressive results. The Life Insurance business reflected a growth on par with the market growth rates. The total assets of the Group reached a value of LKR 20.6 BN and the investment in financial instruments surpassed a value of LKR 17 BN. The Life and General Insurance Funds reached values of LKR 12 BN and 2.6 BN respectively”.

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HNBA Celebrates World Children’s Day

Commemorating this World Children’s Day, HNB Assurance PLC (HNBA) held a number of programs island-wide to communicate the importance of providing a solid form of protection to our children under the theme ‘give them their today and make way for their tomorrow’. The first event of this campaign was held on the children’s day at Rahula College, Matara followed by an event at Christ Church Girls School, Baddegama as well as in the Ampara Town Hall. The key focus of these events was on the protection of our children as well as on the growth and development of our children to fulfill their true potential.

Sharing his views, Managing Director/CEO of HNBA and its fully owned subsidiary HNB General Insurance Limited (HNBGI), Mr. Deepthi Lokuarachchi stated, “It is no secret that children are considered as the building blocks of a strong nation and this World Children’s Day HNBA has taken another step to create awareness on a number of important topics related to growth and development of our children. As brands committed on providing protection to our community, HNBA and HNBGI will always support the endeavors to uplift child protection and development. Children should not be celebrated on just one particular day but should be celebrated throughout the year as they will be the responsible citizens of tomorrow”. Further Mr. Lokuarachchi stated, “the Company has taken many efforts and has introduced several insurance plans to pave the way for children to reach their dreams”.

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 58 branches.  HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for “National Insurer Financial Strength Rating” and “National Long- term 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.  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 and also won many awards for its Annual Reports at the Award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation of Accountants).

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6 Tips to Stay Healthy This Rainy Season

Rainy season surely has its charms but when it comes to water-borne diseases it is important to protect yourself and your loved ones. Here are some useful tips to stay healthy during the rainy season.

  • Drink boiled water: It is important to hydrated during this rainy season. Drink boiled water or purified water to keep yourself hydrated and refreshed during the rainy season.
  • Wash your hands: Bacteria and viruses come alive during the rainy season and it is important to keep your hands clean. Wash your hands as frequently as you can.
  • Use mosquito nets and repellent: Malaria is the most common disease during the rainy season. Hence it is important to use a mosquito net or a mosquito repellent to keep yourself and your family safe. It is important to get rid of breeding spots for mosquitoes such as garden spots, old containers and other items that retain water.
  • Avoid walking in dirty water: Try avoid walking in dirty puddles during this rainy season as it could contain infection causing bacteria and viruses.
  • Avoid wet walls: Avoid leaning against and touch wet walls as they are a breeding ground for fungus which could cause asthma.
  • Eat healthy food: Avoid uncooked food and street food. It is advisable to stick to a healthy diet with vegetables and fruits to keep yourself healthy.

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A Continuing Partnership; HNB Assurance Join Hands with the College of Community Physicians for the 3rd Consecutive Year

Continuing its strategic partnership for the 3rd consecutive year, HNB Assurance PLC (HNBA) entered into an MoU with the College of Community Physicians of Sri Lanka (CCPSL). The primary objective of this partnership is to educate the general public on a number of topics related to health and wellbeing.

Sharing his thoughts on this strategic partnership, Managing Director/CEO of HNBA and its fully owned subsidiary HNB General Insurance Limited (HNBGI), Mr. Deepthi Lokuarachchi stated, “with the changing attitude and behavior towards health and wellbeing, communities face various health-related challenges and threats in their day-to-day lives and as a brand committed towards the wellbeing of the community, HNBA has taken various measures to address these health related concerns and to propagate the concept of healthy living and this strategic partnership is one such measure to promote the concept of healthy living. Through this partnership we hope to educate communities on a number of topics related to health and wellbeing”.

Sharing her thoughts on the MoU, Secretary of the College of Community Physicians of Sri Lanka, Dr. Inoka Suraweera stated “We are extremely pleased to join hands with HNBA, a brand which has travelled an extra mile to propagate the concept of healthy living. Our environment has a significant impact on our health in various aspects and the changes to our environment including pollution, climate change and exposure to toxic chemicals cause serious threats to human life. And this year CCPSL has outlined a series of programs island wide following the theme, “Healthy Environment, A Healthy Investment for a Healthier Nation” to create awareness on environmental health and its impact on human life”.

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 59 branches.  HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for “National Insurer Financial Strength Rating” and “National Long- term 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.  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 and also won many awards for its Annual Reports at the Award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation of Accountants).

Image Caption: L-R Dr. Nimali Wijegoonewardene, Assistant Secretary CCPSL, Dr. Inoka Suraweera, Secretary CCPSL, Mr. Deepthi Lokuarachchi, Managing Director/CEO HNBA and HNBGI, Mr. Prasantha Fernando, Chief Operating Officer HNBA and Mr. Dinesh Yogaratnam Head of Marketing HNBA and HNBGI

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