Union Assurance receives recognition for its inimitable product innovation approaches

Union Assurance continuously dedicates its efforts to deliver the best for its customers by introducing tailor-made and fully customised solutions. By referring to the product portfolio introduced by UA, it is clear how the company has catered and supported the Sri Lankan community in every stage oftheir life cycle. UA product outline comprise of innovative and fully customised life insurance solutions that has expanded acrossfulfillingInvestment, Education, Health, Protection and Retirement needs of the people.

Appreciating its innovative product designing approaches, UA was able to receive the recognition for its efforts on the introduction of the unique Health Insurance Solution - Union Smart Health. This a cknowledgement was received at the Fintelekt Insurance Awards held on July 21, 2017 at The Lalit Sahar, Mumbai. This award stands out since the award ceremony is renowned for honouring the achievements of insurance companies in Sri Lanka & India.

The recognition was solely based on several unique features including an automatic increase in limits in case no claim has been made within a policy year and a revive benefit allowing customers’ to claim the annual limit on the policy twice in one year if the cause of the hospitalisation is not related to previous hospitalizations.In addition, Union Smart H e a l t h product includes set of smart features such as – Hassle free bill payment, per day hospital cash benefit for hospitalisations in non- paying wards, Day care surgery cover, Selection betweenfamily cover or individual cover and overseas cover.