State reinsurer extends cover

Requests from the travel and insurance industries following the Easter Sunday attacks on churches and high end hotels has prompted Sri Lanka state-owned reinsurer, the National Insurance Trust Fund (NITF) to extend the Personal Accident (PA) cover of the Strike, Riot, Civil Commotion and Terrorism Fund (SRCC & T Fund) to riot and terrorism risks for inbound tourists. 

The SRCC and terrorism cover, which will be available up to LKR100 million per person under currently applicable premium rates, will provide cover in the event of death or total permanent disability as a consequence of a riot or terrorism act during their stay in Sri Lanka.

The National Insurance Trust Fund (NITF) Board chairman Manjula de Silva said the cover can be obtained from any licensed general insurance company as an extension to any other travel, medical or PA policy that is purchased from the said insurance company.

According to the Insurance sector representatives there has been a rapid increase in requests for ‘add-ons’ for SRCC & T insurance cover especially from the corporate sector.