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HNB General Takaful, the Takaful Unit of HNB General Insurance Limited (HNBGI), the fully owned subsidiary of HNB Assurance PLC (HNBA) introduced a revolutionary product, AS-Salam Motor, A Takaful Motor Insurance plan with a range of benefits.
Sharing his views, Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated “Takaful is a growing global phenomenon and has made a significant contribution to the growth of our business. Islamic Financing has become an integral component of the financial services sector and Takaful represents a vital component of Islamic Financing and it represents good spirit and cooperation. Our entire Takaful operations are carried out adhering to the guidelines of the Sharia Board, in order to provide for the needs of the community. It is noteworthy that HNBGI Takaful has been awarded with a Bronze Award for Emerging Islamic Finance Entity of the Year 2014/2015 at the SLIBFI Awards, a Gold Award for Takaful Window/Unit of the Year 2016 at the Islamic finance Forum of South Asia Awards and a Silver Award for Takaful Unit of the Year 2017 at the SLIBFI Awards.”
Head of HNB General Takaful, Mr. Hifly Huzair expressed his views about the product stating, “AS-Salam Motor is a revolutionary product developed to suit the needs of conventional Takaful Channel with a range of unique benefits to reflect the meaning of the product name, ‘Peace of Mind’. This product offers and emergency expenses cover for policyholder or policyholder’s driver in the event of an accident, a solution for losing a car key, hospital cash benefit, no claim bonus, bonus match and provides a discount on “MyHome Takaful”. This product could be obtained through any of our HNBGI branches or our through our agents”.
Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful Insurance solutions and is a fully owned subsidiary of HNB Assurance PLC (HNBA). HNBGI is rated within the Top 100 Brands in Sri Lanka.
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