SLI and DMT launch insurance scheme

Sri Lanka Insurance (SLI) and the Department of Motor Traffic (DMT) launched an insurance scheme, ‘Drivers’ Protection Insurance Cover’ for the benefit of drivers.

The Drivers’ Protection Insurance Cover will extend a Rs 250,000 personal accident cover for all light vehicle drivers for a nominal premium of Rs 500 for eight years and a Rs 250,000 cover for all heavy vehicle drivers for a nominal premium of Rs 250 for a period of four years. In the event of death or permanent disability the sum insured will be paid to the beneficiary.

“The insurance cover has many features that benefit drivers”, a spokesman for the company said.

The insurance cover, a long-term protection, is valid only for driving licence holders from 18 to 70 years.

Over 3,000 fatal road accidents are reported annually with an increasing trend in the number of victims. The product was launched marking the beginning of the new year partnering two state institutions to fulfill a social obligation.

SJ