Janashakthi Insurance Company Ltd. (JICL), under its premier motor insurance brand “Janashakthi Full Option” has revolutionized the entire motor insurance industry with its latest service offering. Presenting an exciting alternative to the traditional method of making annual premium payments, Janashakthi launched a “Zero” interest monthly instalment plan thereby bringing comprehensive insurance cover within the reach of everybody.
We consider this a major breakthrough in the Sri Lankan motor insurance industry, and perhaps in the entire region. This customer centric payment plan is a unique concept that eases the burden of having to make large lump sum payments in meeting annual motor insurance premiums. Those who are in possession of a Master or Visa Card need not pay sizable annual premiums any more. Those who wish to join this trauma free and economically beneficial “Zero” interest monthly instalment plan, could do so immediately. They do not need to wait until their policy falls due for renewal. Those who join the plan early not only lessen the burden of future instalments but also earn interest points on their premium payments, which is an encouragement for future savings, every year right from the outset in addition to the standard credit period of the credit card company, which is generally up to fifty-one days.
