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According to the World Health Organisation (WHO), as of 05th August 2021, globally, the number of confirmed Covid19 infections is more than 200 million, while the number of people who have been fully vaccinated is more than 700 million. Sri Lanka is making tremendous progress with its vaccination programme with over 2 million people being fully vaccinated, which is equivalent to 12% of the total population. With citizens making the sensible and responsible decision to vaccinate, Fairfirst goes a step further to ensure that the community is financially safeguarded against the rare chance that a COVID vaccine could cause serious side effects. Fairfirst introduces V-Care, a first of its kind insurance cover in Sri Lanka that strives to help Sri Lankans get vaccinated with peace of mind.
As Sri Lanka goes through a massive vaccination drive, V-Care insurance offers coverage of up to Rs. 1.5 million against a terminal illness, neurological failure or coma caused in the unlikely event of a COVID vaccine developing side effects. The cover is further designed to offer a number of packages at an affordable premium starting from Rs. 550 to Rs. 1,950 with a simple sign-up process that takes less than 5 minutes. The key objective of V-Care insurance is to ensure that customers and their families are financially protected in the unlikely event of an allergy or side-effect caused by a COVID-19 vaccine. The product benefits include reimbursement of medical expenses and a daily hospitalisation benefit in the unlikely event of developing side-effects caused by the COVID-19 vaccine. In addition to these, a personal accident cover is also included in the event of a death or permanent disability due to an accident.
“As one of the leading insurers in the country, Fairfirst has a responsibility to provide innovative insurance solutions to the people of Sri Lanka so that they secure their own futures as well as the future of this paradise island. With the launch of Fairfirst V-Care, a first of its kind and unique insurance, we continue to fulfill this immense responsibility. We are proud to play our part in helping the nation as it goes through one of the fastest vaccination programs globally”, stated Sandeep Gopal – Chief Executive Officer, Fairfirst.
Further commenting on Fairfirst V-Care, Mihiri Seneviratne – Assistant General Manager, Health Underwriting, Fairfirst comments, “Living in this new normal brings unexpected challenges but we can stay prepared against this uncertainty by making responsible and sensible decisions and one such step is to get vaccinated. The V-Care insurance cover is a step further as it will ensure our customers and their loved ones an enhanced level of protection and financial assurance against the rare event of developing side effects from the COVID vaccines. Our priority and responsibility remain in helping the community progress safely and sensibly.”
Fairfirst Insurance Limited is part of the global Fairfax Group. The Group is a leading property and casualty insurer, reinsurer and investment manager headquartered in Toronto, Canada. Fairfirst is today among the top general insurance companies of Sri Lanka and recognised as the only Sri Lankan company amongst the 2020 Top Insurance global giants in Asia-Pacific. Fairfirst serves individuals, businesses and institutions across this beautiful island through a versatile workforce spread across the comprehensive branch network, affinity partners and brokers in Sri Lanka.
Picture Caption: (from left) Sandeep Gopal – Chief Executive Officer & Mihiri Seneviratne – Assistant General Manager, Health Underwriting of Fairfirst Insurance.