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Best Local Insurance Providers

Sri Lanka Insurance is the
largest and strongest composite
insurance provider in Sri Lanka
with Rs. 50 billion worth.

Eagle Insurance PLC began
operations in Sri Lanka in 1988
as CTC Eagle Insurance Company
with Ceylon Tobacco Company.

Janashakthi offers unique range
of financial protection plans like,
life insurance policies, child
policies, health insurance, Auto
insurance & many more.

Ceylinco Insurance is the most

innovative Insurance Company in
Asia. Ceylinco Insurance offers
vehicle insurance, marine insurance

and more.

Union Assurance continues to
invest on its branch network. Book
On “Understanding Insurance”
Launched by Hydery A. Rehmanjee,
Director Union Assurance.

INSURANCE TERMS

LIFE INSURANCE
Life insurance is a contract
between the policy owner and
the insurer, where the insurer
agrees to pay a sum of money
upon the occurrence of the
Insured's death.

WHOLE LIFE INSURANCE
The oldest kind of cash value
life Insurance that combines
protection against premature
death with a savings account.
Premiums are fixed and
guaranteed and remain level
throughout the policy’s lifetime.

TERM LIFE INSURANCE
A form of life insurance that
coversthe insured person for
a certain period of time, the
“term” that is specified in the
policy. It pays a benefit to a
designated beneficiary only
when the Insured dies within
that specified period which can
be one, five, 10 or even 20
years. Term life policies are
renewable but premiums increase
with age.
NUCLEAR INSURANCE
Covers operators of nuclear
reactors and other facilities for
liability and property damage in
the case of a nuclear accident
and involves both private insurers
and the federal government.

HACKER INSURANCE
Hacker Insurance coverage that
protects businesses engaged in
electronic commerce from losses
caused by hackers. Hacker Insurance

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Saturday, December 22, 2007

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