Amãna Takaful relocates Kurunegala branch
Amãna Takaful PLC (ATPLC), which recently declared its ‘surplus’ to its nonclaimant policyholders, relocated its branch in Kurunegala providing a more spacious, modern and comfortable environment to its customers in the area.
The new branch equipped with state-of-the-art facilities offers customers total insurance solutions be it General or for Life insurance. The branch was ceremonially inaugurated by Kurunegala Mayor Gamini Peramunage along with Amãna Takaful PLC Chief Executive Officer Fazal Ghaffoor in the presence of the members of the local business community, customers and staff.
Amãna Takaful PLC has served t he people of Kurunegala for the past 11 years, offering both Life (endowment and investment) and General (non-motor, medical and motor) insurance solutions.
“The company’s operations in Kurunegala commenced in 2002 and today we have succeeded in gaining wide acceptance, reaching many households and institutions. I would like to thank the people of Kurunegala for embracing this noble concept of insurance and being a part of our sustained growth,” said Amãna Takaful PLC Kurunegala Branch Manager M.M.M Ashik.
Recently, Amãna Takaful redefined insurance the Takaful way, by announcing to its General insurance policyholders a ‘payment of surplus’, which essentially means Takaful policyholders will receive a proportionate rate from the ‘surplus’ of the Risk Fund.
As opposed to conventional insurance, the Takaful concept not only benefits claimants but also takes care of non-claimants. Non-claimants receive a proportionate share of the surplus from the risk fund at the end of a defined period. By virtue of being a Takaful policyholder one becomes a participant of the Risk pool. The Risk pool meets all claims of the membership among other expenses. In the event of a surplus in the Risk pool, nonclaimants among the participants are entitled to a proportionate share of the proceeds.