Ual the only insure recognised at NCE awards

Union Assurance (ual) was recognized as one of the best service providers to exporters at the recently concluded NCE Exporters awards. The company secured a bronze award in the “Suppliers / Service Providers to Exporters” under the extra large category.

Assistant General Manager General Insurance, Udeni Kiridena said “We received this award simply because of our valuable customers. Our customers have faith in us and we ensure that our customer gets a superlative service,”

He said that the company’s unique stock throughput policy, which is especially beneficial to the tea and garment industries, gave them an edge over the other service providers.

This insurance policy provides cover from arrival of the raw material to the port, until the finished product is delivered to the buyer.

This has gained in popularity among the leading exporters and importers in Sri Lanka.

“People have to obtain separate policies for transit, fire and burglary risks. You’re covered even when the raw material is at sub-contractors’ factory,” Kiridena said.

“Union Assurance is one of the few insurance companies in Sri Lanka with an in-house-cargo-surveying department.

Importers and exporters transacting Union Marine Cargo Insurance policies through an open cover agreement have the added advantage of processing their policies through the MarineLink facility (website: www.ualink.lk), from the convenience of their home or office, thereby saving time and costs,” noted Kiridena.