“Ransalu Insurance,” a cover for apparel sector | Daily News

“Ransalu Insurance,” a cover for apparel sector

Tuli Cooray, Secretary General of JAAF (center) From Left Pricilla Moses, Advisor Lak Insurance, Sanjeewa Perera Director CH17 Loyalty, Jumar Preena CEO CH17, Pubudu Wimalaratne COO Cooperative Insurance, S Premkumara, Sales Promotion Manager, Akila Paranavithana, Manager, Technical Operations and Chithaka Niranga, Brand Manager at the exchanging of documents at the event
Tuli Cooray, Secretary General of JAAF (center) From Left Pricilla Moses, Advisor Lak Insurance, Sanjeewa Perera Director CH17 Loyalty, Jumar Preena CEO CH17, Pubudu Wimalaratne COO Cooperative Insurance, S Premkumara, Sales Promotion Manager, Akila Paran

For the first time, an apparel sector industry insurance cover with the lowest monthly premium covering the entire family including the parents, was introduced by CH17 Loyalty for all employees and staff in the apparel sector.

According to a MOU signed between the Cooperative Insurance Company and CH17 Loyalty, the insurance company would offer cover for death, critical illness and funeral expenses of both parents and parents - in - law and children for as low as Rs.166 per month.

“Over 400,000 employees and their families stand to benefit from this new insurance plan. Our objective is to educate and encourage our associates of all grades on the need to invest to meet challenges in life” - Tuli Cooray, Secretary General of the Joint Apparel Association Forum (JAAF) Under this program, all policy holders would be offered the popular Ransalu Pranaama retail privilege card free of charge as a value addition which offers great savings from nearly 200 vendors island-wide registered with CH17’s retail network during the period of the cover. The savings from the privilege card alone could cover the entire year’s premium value additionally the cardholder will be entitled to make claims for any one of the listed critical illnesses, personal accidents, funeral expense, etc.

For the convenience of employees, a special facility has been made to pay the premium on a monthly basis to be deducted from their salary.

A memorandum of understanding was signed recently between CH17 and Co-operative Insurance backed by Lak Insurance brokers.

CH17 CEO Jumar Preena thanked the insurance company for the development of this comprehensive scheme which would be affordable and convenient to the workers and their families.

Ransalu Pranaama has embarked on phase 2 this year, having completed 5 years in service to the industry. Nearly 132,000 employees have already enrolled and are reaping huge benefits from this program. Card holders enjoy year round upfront cash discounts from a number of leading vendors in clothing and footwear, groceries and daily essentials, personal goods, electronic and electrical items, household goods, banking and finance, hotels, restaurants and cafes. Major apparel companies have enrolled their employees to this program.

 


 

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