Warranty Benefit pays for mechanical defects

Ceylinco VIP customers, whose vehicles are less than 10 years old (from the date of manufacture), are entitled to a Warranty Benefit, without paying any additional premium. The advantage in Warranty Insurance is that it pays for mechanical defects of parts in brand new and re-conditioned vehicles that are covered under Ceylinco VIP insurance, until the vehicle exceeds 10 years from the date of manufacture.

Thus, brand new vehicles will be given an extended warranty of up to 10 years, which will commence soon after the manufacturer's warranty expires.

"Regular vehicle insurance only settles claims if the vehicle has met with an accident. But, combined with Warranty Insurance, Ceylinco VIP On The Spot offers vehicle owners an opportunity to have a comprehensive cover for the numerous mechanical and electrical parts of the vehicle, against manufacturing defects," Managing Director and Chief Executive Officer, Ceylinco Insurance - General, Ajith Gunawardena said.