Amana’s insurance policy to care for the elderly
Amana Takaful PLC (ATL) recently announced “KruthaGuna” which covers those over 55.
ATL’s pioneering hospitalisation policy, especially designed for individuals over 55 years, has taken this sentiment to the next level. Meaning ‘Gratitude’, KruthaGuna provides you with financial security and much needed support in times of need, providing you peace of mind to spend time, love and take care of your elderly loved ones in a way they truly deserve, the company said in a media release.
“With ATL’s KruthaGuna, finding an insurance cover for your elderly loved ones is no longer a source of concern, as we understand that pre-existing ailments such as Pressure, Diabetes, etc have always been a challenge in opting for an insurance cover. For the first time in Sri Lanka, ATL has come forward to waive-off pre-existing ailments from the 2nd year onwards,” it said.
“KruthaGuna” offers many other benefits that cover, from hospital charges, ambulance services and wheel chair grants to name a few. Additionally, it even covers expenses for purchase of medicines, residential nursing services for elders who are brought home after hospitalisation and for medical tests required even after hospitalisation, a true consolation for both children and parents. The product offers three schemes to choose from which is available to all Sri Lankans over the age of 55 to 73 years.
The policy also enables those living overseas to provide for medical assistance for their loved ones back home, taking away the burden of not knowing how exactly they can care for them when most needed. For an annual premium as low as Rs. 15,000, you could obtain a Rs. 100,000 cover, with the upper limit being a Rs. 300,000 cover for Rs. 45,000. Once you subscribe to the policy, it is possible to renew the policy annually until death. Secondly, this includes an in-patient treatment cover, where the policy holder could receive treatment when hospitalised.
Realising the need to offer convenience and comfort for policy holders, ATL has made arrangements for policyholders to pay the premium online logging on to its website, apart from paying at any of its 37 branches situated island-wide, customers have merely to contact the 24 hour hotline to initiate this cover.
ATL said that Sri Lanka has a rapidly greying population, with a quarter of its population expected to be elderly by 2041, which makes insurance covers such as this extremely critical as it is the only product to offer a medical insurance cover for senior citizens up to 73 years of age.