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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » ‘Union Motor Star’ an innovative motor insurance from Union Assurance

‘Union Motor Star’ an innovative motor insurance from Union Assurance

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Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Jul 18, 2012 (LBT) - Union Assurance (UA) unveiled yet another innovation by introducing a unique pricing formula for their motor insurance ‘Union Motor Star’ which allows certain categories of vehicles to enjoy an unbeatable price for insurance. Vehicles above the value of Rs. 3M enjoy this privilege in general, though certain makes and models also have an unbelievably low premium when comparing with competitive prices.

“We believe that this will immensely benefit our motor insurance customers and invite everyone to check the premium prices of UA before they make a decision to buy or renew their motor insurance”, said Dharshana Amarasiynghe – Assistant General Manager Marketing, Union Assurance.

The new pricing formula also ensures that there is price transparency across all channels and a uniform price is offered if purchase the insurance from a sales person, any UA branch or online at www.unionassurance.com‘Union Motor Star’ an innovative motor insurance from Union Assurance Motorstar_thumb_medium380_0
Union Motor Star offers an unmatched service through their quick claims settlement process called ‘Speed Cash’, where customers are able to collect their claim payments with a PIN code sent via SMS. Claims can be collected from any Commercial Bank branch island-wide and requires no after-repair inspection.

Unlike other products in the market, ‘Union Motor Star’ offers the flexibility to purchase motor insurances for 1 month, 3 months and even 6 months, through the ‘Union Motor Reload’ option at any UA branch, Keells outlet or online at www.unionassurance.com. This valet-friendly option has given customers the freedom of buying or paying for insurance on a monthly basis, similar to paying utility bills on monthly basis whilst enjoying all the benefits offered by the annual motor insurance policy.

Union Assurance is backed with a strong distribution network with over 100 branches island-wide, ensuring easy access and prompt service through 700 sales advisers. In order to serve its customers faster, UA tracks the locations of their assessors through a GPS system, allowing them to identify which assessor is the closest to the specific accident site, ensuring that they reach the customer without delay.

Union Assurance strives to deliver ‘trust’ as their brand promise, delivering the core values of providing convenience and transparency to all their customers while being respectful to all its stakeholders. This has made Union Assurance one of the most respected brands in Sri Lanka.

“We encourage a visit to our website or call us on our special hotline to explore the prices for their car insurance before their next renewal”, added Dharshana Amarasiynghe further added.
http://www.lbt.lk/news/business/2301-union-motor-star

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