Ceylinco Insurance announces an unmatched warranty cover for its VIP customers

Ceylinco Insurance announced yet another breakthrough in motor insurance with the innovative concept of providing a Warranty Insurance for their Ceylinco VIP Customers. Ceylinco VIP customers whose vehicles are less than 10 years from the date of manufacture will be entitled to this Warranty Cover without paying a cent more in additional premium. The advantage in Warranty Insurance is that it pays for the mechanical defects in the parts in Brand new and re-conditioned vehicles that are covered under the insurance, until the vehicle exceeds 10 years from the date of manufacture. Thus, brand new vehicles will be given an extended warranty of up to ten years, which will commence soon after the manufacturers warranty expires. Cover will be valid for new policies, whilst existing policy holders will be entitled for this new benefit from the date of their next renewal.

"This unique benefit is hailed as another industry first that enhances and adds value to the concept of insuring a vehicle. Regular vehicle insurance only settles claims if the vehicle has met with an accident. But combined with Warranty Insurance, Ceylinco VIP On the Spot offers the vehicle owners yet another opportunity to have a comprehensive cover for several mechanical and electrical parts of the vehicle against manufacturing defects. This is yet another exclu- sive benefit for which our customers will be entitled to in addition to the host of other benefits they enjoy such as a similar replacement vehicle in the event the accident repair exceeding 4 days, emergency road side assistance, personal accident cover of up to Rs 200,000/- for each passenger. entitlement to no claim bonus regardless of claims, insured value of vehicle increased by 10 % every year, compensation up to Rs 1 million to the vehicle leasing company and Rs 500,000/- in case of death or total permanent disability of the insured due to an accident, payment of lease installments in the event of repair exceeding 30 days etc. All Cars, Vans, Jeeps and Double Cabs under 10 years from the date of manufacture will be entitled to this benefit" said Mr. Ajith Gunawardena, Managing Director and Chief Executive Officer of Ceylinco Insurance - General.