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| TRAVEL HNB Assurance Limited is a quoted public limited liability company incorporated under the Companies Act No 17 of 1982 on 23rd August 2001. The Company has an authorized capital of Rs. 1,000,000,000/- (Rupees one Billion), made up of one hundred million shares of Rupees ten each. The issued capital of the Company is Rupees two hundred and fifty million consisting of twenty five million ordinary shares of Rupees ten each. HNB Assurance is a subsidiary of Hatton National Bank, and 59.9% of the share capital of the Company is held by the Bank, a leading commercial bank in the private sector. The Company is registered under the Regulation of Insurance Industry Act No. 43 of 2000 and it has obtained license from the Insurance Board of Sri Lanka to undertake both Life and General Insurance business. The Company commenced business on 22nd November 2001 heralding the dawn of new era in insurance. Under the General Insurance, the Company provides the following classes of insurance business. |
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