In a unique move to encourage financial security for newborns, Union Assurance and Nawaloka Hospitals have opened the way for parents to plan for the most important aspects of their child’s life. This includes building an education fund, coverage of a range of healthcare expenses, and most importantly, a financial safety net to ensure their child’s dreams and ambitions live on despite adversity.
The Chief Executive Officer of Union Assurance, Jude Gomes, said this initiative offers a great opportunity for new parents. “In these uncertain times, we prioritise and seek new ways to protect the children of Sri Lanka. This partnership enables parents to plan ahead of time and enjoy peace of mind knowing that their child’s future is secure,” he stressed.
Mr. Gomes went on to say that the company’s customer-centric vision lays much emphasis on protecting the new generation. He said their innovative protection-based solutions focused on health, education and financial security will go a long way in empowering the dreams of Sri Lankans.
The Head of Partnerships of Union Assurance PLC, Lucille Diaz said, “Our partnership with a top healthcare provider, Nawaloka Hospitals is a significant move to bring the concept of protected savings closer to the parents of newborns. These parents will have the advantage of starting their child’s financial journey early. Importantly, you generate an asset from the very first premium, which is an advantage that no other financial instrument offers.”
New parents who obtain the maternity services of Nawaloka Hospitals will be entitled to a voucher that can be claimed against a protection plan for the newborn. Solutions are tailormade to meet specific needs including building an education fund, coverage of vaccines and investigations among other healthcare benefits, and protection against uncertainties that can take financial planning off course.
Rasika Thilakarathne, Head of Marketing of Nawaloka Hospitals welcomed the partnership stating, “We are excited about the partnership with Union Assurance as we enhance the value offered to our customers in new and meaningful ways. Both entities have a longstanding history of providing superior services to Sri Lankan consumers, and we are very pleased to embark on a journey that will add value and refine the benefits we offer our customers.”
Nawaloka Hospitals is a leading player in Sri Lanka’s private healthcare sector. They are reputed for cutting-edge, advanced patient care using state-of-the-art technology and medical expertise benchmarked to international standards.
Union Assurance is a part of the John Keells Group. It is among the most awarded Insurance companies in Sri Lanka, completing over three decades of success with a market capitalisation of Rs. 17.9 Bn, a Life Fund of Rs. 49.7 Bn and a investment portfolio of Rs. 58.5 Bn as of March 2022. Set to empower the Sri Lankan Dream, Union Assurance offers Life Insurance solutions that cover education, health, investment, protection, and retirement needs of Sri Lankans. With an over 3,000-strong workforce, the Company has been recognised as a Great Place to Work© for nine consecutive years. Union Assurance continues to invest in people, products, and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry with being the number one for Million Dollar Round Table (MDRT) in Sri Lanka.