For the first time in the insurance history of Sri Lanka, Dialog Telekom together with six leading insurance companies recently launched `Phone Safe`, an insurance cover for handsets.
The Union Assurance, Sri Lanka Insurance, Janashakthi Insurance, Eagle Insurance, Asian Alliance Insurance, and Amana Takaful Insurance joined hands with Dialog to present this innovative service for their customers.
Addressing the media, Chief Executive of Dialog Telekom Dr. Hans Wijayasuriya said this insurance scheme will be the same policy but each insurance company may offer different value additions for the scheme.
Dialog will inform their customers and encourage them on this new scheme, he said.
General Manager - Sales and Marketing of Dialog Telekom Nushad Perera said this will cover accident damage, accidental loss, water damage and theft together with an international cover for roaming customers.
Perera said without selecting one player in the industry Dialog joined hands with six players, giving multiple choices for its customers to go on with an ideal insurance partner for their phone insurance.
The basic insurance cover has been made available at a standard premium of 5.5% of the declared value of the phone and will vary according to value additions.
Chief Executive Officer, Union Assurance, Marina Tharmaratnam said however the insurance industry expects premium to be lower when more customers penetrate the insurance cover.
Chief Executive Officer Amana Takaful Insurance, Ehsan Zaheed, said that this partnership will be a great opportunity for the insurance industry to promote insurance among Sri Lankans.
Chief Executive Officer Sri Lanka Insurance Corporation Nalaka Godahewa said the telecommunication sector is growing fast and there is a need for phone insurance in the country.
Chief Executive Officer, Asian Alliance Insurance, Ramal Jasinghe said today the insurance industry has made rapid changes and Sri Lankans have very limited knowledge of insurance and this will help the industry to educate people more on insurance.
Managing Director, Eagle Insurance, Deepal Sooriyaarachchi said this will be a good opportunity for the industry to touch the large customer base through phone insurance.
Managing Director Janashakti Insurance, Prakash Schaffter said the industry believes in innovation and value addition. The new insurance cover will have overall value addition.
This is an exclusive insurance cover for Dialog subscribers and will be available for its customer base including post-paid, pre-paid and Dialog PLANS subscribers.