Ceylinco Life re-launches medical plans with enhanced benefits

Ceylinco Life has announced major enhancements of the benefits offered by three of the company's medical plans, enabling policyholders to increase their cover to keep pace with rising healthcare costs.

The 'Family Digasiri Plus' critical illness policy which previously covered 25 critical illnesses now covers 36; payments made in respect of 526 types of surgery under 'Ceylinco Life Major Surgery have been revised upward, and the dailycash benefit paid under 'Family Hospital Cash' has also been increased, the life insurance leader said.

"We are urging our policyholders to review the medical cover they currently enjoy in the context of the increasing costs of surgery, and other medical expenses," Ceylinco Life Managing Director and CEO R. Renganathan said. "We believe it is time for many of them to obtain new plans that have been carefully revised after considering new trends and escalating costs."

The Ceylinco Life Family Digasiri Plus policy makes payments on diagnosis in Sri Lanka or overseas and does not require bills to be submitted. In the event of an Angioplasty, 50 per cent of the sum assured up to a maximum of Rs 750,000 is paid.

For policyholders who have Major Surgery cover, Ceylinco Life will now pay Rs 20,000 in respect of surgeries for which it previously paid Rs 15,000, increasing the benefit by 33 per cent. Surgeries for which the company previously paid 15 per cent of the surgery benefit now qualify for 20 per cent of the surgery benefit, while surgeries that earlier qualified for 40 per cent of the benefit will now receive 50 per cent, the company said.

Ceylinco Life Major Surgery pays benefits of up to three times the basic sum assured between a minimum of Rs 100,000 and a maximum of Rs 1 million during the term of the policy. The initial surgery benefit increases by 10 per cent annually.

Under the ' Family Hospital Cash' scheme, the company has increased the maximum per day benefit from Rs 10,000 to Rs 12,500, and the per day benefit for those admitted to Intensive Care Units (ICUs) from Rs 2,500 to Rs 5,000.