HNB General Takaful introduces As-salam Motor plan
HNB General Takaful, the Takaful unit of HNB General Insurance Limited (HNBGI), the fully-owned subsidiary of HNB Assurance PLC (HNBA), introduced a revolutionary product, As-salam Motor, a Takaful motor insurance plan with a range of benefits.
Sharing his views, HNBA and HNBGI Managing Director/ceo Deepthi Lokuarachchi stated, “Takaful is a growing global phenomenon and has made a significant contribution to the growth of our business. Islamic financing has become an integral component of the financial services sector and Takaful represents a vital component of Islamic financing and it represents good spirit and cooperation.
Our entire Takaful operations are carried out adhering to the guidelines of the Sharia Board, in order to meet the needs of the community. It is noteworthy that HNBGI Takaful has been awarded with a Bronze award for Emerging Islamic Finance Entity of the Year 2014/2015, at the SLIBFI Awards, a Gold award for Takaful Window/unit of the Year 2016, at the Islamic finance Forum of South Asia Awards and a Silver award for Takaful Unit of the Year 2017 at the SLIBFI Awards.”
HNB General Takaful Head Hifly Huzair expressed his views about the product stating, “As-salam Motor is a revolutionary product developed to suit the needs of Takaful market with a range of unique benefits to reflect the meaning of the product name, ‘Peace of Mind’. This product offers an emergency expenses cover for policyholder or policyholder’s driver in the event of an accident, a lost key cover, hospital cash benefit, no claim bonus, bonus match and provides a discount on ‘Myhome Takaful’. This product could be obtained through any of our HNBGI branches or our through our agents.”
Following the introduction of the segregation rules by the Insurance Regulator, 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 HNBA. HNBGI is rated within the Top 100 Brands in Sri Lanka.