HNBA News

"Hatton National Bank PLC (HNB) and its fully owned subsidiary HNB Assurance PLC (HNBA), announced the launch of ‘Lease Protector’, an exclusive new insurance cover where HNBA will settle any outstanding lease payments of the lessee to the bank, in the unfortunate event of their demise or total disability.  The cover will extend up-to a value of Rs 10 million and will include liability for customers up-to the age of 70. Both HNB and HNBA have also structured the ‘Loan Protector’ cover to be as simple and easy to access as possible with minimal documentation. Commenting on the exclusive tie-up, HNB, Deputy General Manager - Retail & SME Banking, Sanjay Wijemanne stated: “With all of the major disruptions that we have witnessed in these constrained market conditions, the underlying need for affordable pathways to vehicle ownership remains quite strong. In such an environment, our goal is to provide as much support and value to customers as possible. This partnership advances both of these goals by providing customers with affordability and security in a single product.” Speaking on the tie-up, Chief Executive Officer of HNBA and its fully owned subsidiary, HNB General Insurance Limited (HNBGI), Prasantha Fernando stated, “This tie-up is a unique business opportunity for both businesses and this would offer a significant long-term value creation to our stakeholders. ‘Lease Protector’ is another revolutionary solution developed in association with our Parent Company, HNB, enhancing Group synergies in order to address the ever evolving customer needs for protection in the financial services spectrum”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. 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. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place to Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka. HNB with 252 customer centres across the country, is one of Sri Lanka's largest, most technologically innovative banks having won local and global recognition for its efforts to drive forward a new paradigm in digital banking. The bank has continuously won prestigious accolades including being declared Best Retail Bank in Sri Lanka for 2020 by the Asian Banker Magazine for the eleventh occasion in addition to being highest ranked privately owned commercial bank in Sri Lanka by the prestigious Banker Magazine Top 1000 global rankings 2020. Locally, HNB leads the Business Today Top 10 rankings and has also claimed seven awards at the Best Corporate Citizen Sustainability Awards 2019. Being the first Sri Lankan bank to obtain an international credit rating, HNB is rated on par with the sovereign by Moody's Investors Service, and the National Long Term Rating of HNB has been revised upward by two notches to AA+ (lka) recently by Fitch Ratings (Lanka) Ltd.   Photo Caption From left: HNB Senior Manager - Bancassurance, Chandana Waidyatilaka, HNB Assurance Head of Partnerships, Sanesh Fernando, HNB Assurance Chief Operating Officer, Lasitha Wimalaratne, HNB Assurance Chief Executive Officer, Prasantha Fernando, HNB DGM - Retail & SME Banking, Sanjay Wijemanne, HNB AGM - Network Management, Vinodh Fernando, HNB Chief Manager/Head of Personal Financial Services, Kanchana Karunagama and HNB Senior Manager - Leasing, Niluka Amarasinghe.

HNB Assurance recently unveiled its latest rider SupremeHealth Max that could be obtained along with the various life policies offered by the Company. With this this new addition customers have access to the best medical and surgical facilities both here and overseas. Mr. Prasantha Fernando, CEO of HNB Assurance PLC and its fully owned subsidiary HNB General Insurance Limited said “HNB Assurance is a company that has always been at the forefront of understanding and satisfying customers’ protection needs in a manner that best suits them individually. I see this new addition that we have launched in the market as a testament to our resolve in this regard enabling one to bring the very best protection for one’s self and family. This rider gives an individual the opportunity of selecting a health insurance solution that would facilitate access to the best medical services both here and overseas. The world we live in today, as well as our ever increasing sedentary lifestyle makes us more prone to non-communicable diseases and other ailments, making it necessary to be able to deal with those situations. As an insurance provider as much as we propagate the concept of healthy living, our focus is always to offer our customers the confidence and solace that should the need arise, they have access to the best health service providers to ensure that their lives return to its equilibrium and normalcy as quickly as possible. I am very thankful to the team that was behind this product and it is with much pride and confidence that I invite customers to join us and secure their future”. Mr. Lasitha Wimalaratne, Chief Operating Officer and Principal Officer of HNBA expressed views on SupremeHealth Max stating, “As yet another revolutionary product by HNBA, SupremeHealth Max offers a host of special benefits making way for a worry-free life. This includes a Worldwide Hospitalisation Cover of up to LKR 50 Million Annually for Individuals and Families, Worldwide Cashless Claim Settlement, No Claim Bonus of up to 100%, Pre & Post Hospitalisation Expenses Benefit and a Restore Benefit entitling the Policyholder to a 100% of Sum Assured even in the event that he or she has already claimed the entire Sum Assured during a year due to hospitalisation, provided that the subsequent hospitalisation is not related to the reasons of hospitalisation before”. Mr. Wimalaratne added, “In addition, further features include, Optical Benefit that provides coverage for vision related expenses, Dental Benefit, Maternity Benefit, Surgical Benefit, Health Scanning Benefit, Cash Benefit for hospitalisation in Government Hospitals, OPD Cover inclusive of coverage for Ayurvedic treatment expenses, reimbursement for costs that are incurred for day care treatment and ambulance charges. HNBA SupremeHealth Max also covers expenses related to Chemotherapy, Dialysis and Radiology treatments within the cover limit, whilst covering costs of Prosthesis and Implants, and Organ Donor Expenses. Through SupremeHealth Max, the Policyholder could also opt in for the Deductible Option where they could have the Policy cover medical expenses above a predefined limit, thereby bringing down the cost of the Policy. Built upon carefully analysed consumer insights and trends, SupremeHealth Max is here to serve you and your loved ones, being an unwavering strength for the betterment of their health”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. 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. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place to Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) recorded a Profit After Tax (PAT) of LKR 500 MN during 1H 2020, depicting a steady growth amidst the outbreak of a global pandemic. Speaking on the financial performance of the Group, Chairperson of HNBA and HNBGI, Mrs. Rose Cooray stated, “it is indeed a great pleasure to announce that HNB Assurance Group has achieved a significant PAT growth compared to the corresponding period of the previous year following an economic downturn caused by the outbreak of a global pandemic. Through the tireless efforts, our teams successfully navigated the challenging environment to deliver a noteworthy performance. The Life Insurance business recorded a PAT of LKR 176 MN showcasing a growth of 25%. The profit does not include any surplus transfer from the Life Fund. The General Insurance business recorded a PAT of LKR 323 MN depicting an impressive growth of 120%. These results reiterate the resilience of our sustainable core business model and the Group’s undivided focus in capturing market segments with growth potential. The unprecedented challenges arising from the COVID-19 outbreak together with other adverse global and market conditions have created a challenging backdrop which businesses around the globe are currently experiencing; but with the strategies of the Management together with the dedication of the staff members of HNBA and HNBGI and the Advisor Force, I’m sure we could overcome this uncertain turbulence”. Sharing his views on the performance of the Group, Chief Executive Officer of HNBA and HNBGI, Mr. Prasantha Fernando stated, “HNBA Group delivered outstanding financial results amidst a number of macro-economic challenges presented during a global crisis. In a market backdrop where most businesses succumbed its profits to the outbreak of COVID-19, HNBA Group has delivered a notable performance. The Group recorded a Gross Written Premium (GWP) of LKR 4.5 BN. The investment income of the Group surpassed LKR 1.2 BN and the total assets of the Group surpassed LKR 29 BN. The Group has taken swift and effective measures and has adapted various agile initiatives following the COVID-19 outbreak, including enhancing its digital selling portals and claims settlement platforms. It is noteworthy to mention that the Life and General Insurance Funds surpassed values of LKR 15.7 BN and LKR 2.9 BN respectively reaffirming the Group’s firm footing”. Mr. Fernando further added, “the Management is thankful for the commitment and dedication of all employees during these trying times. The Management remains confident that together with the diversified business strategies the Group will be able to sustain its continuous growth and deliver value to all stakeholders”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. 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. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place to Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.