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| Sunday, 20 March 2005 |
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| News Business Features Editorial
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Ceylinco Life achieves 100% settlement of tsunami claims Ceylinco Life has settled every claim made in respect of persons lost in the tsunami. It said the company had received 165 claims as at the first week of March, and had honoured all of them by Monday, March 14, achieving a 100 per cent settlement record. Ceylinco Life Chief Executive Director R. Renganathan said: "The tsunami created an unprecedented situation for the insurance sector, and achieving a 100 per cent settlement is very commendable in that context." He said policyholders covered for accidental death had received double the sum assured, since the company had decided to qualify loss of life in the tsunami for the accidental death benefit as well. Claims were received from Galle, Matara, Hambantota, Tissamaharama, Ampara, Batticaloa, Trincomalee and Jaffna. |
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