Millennium Shield Life Insurance Cover
HNB's NRFC Account holders are insured under 'Millennium Shield'. This means that account holders within the specified age limits, who maintain the required balances, whether a resident in Sri Lanka or another country, qualify for benefits outlined in the table below. Payments are in Sri Lankan Rupees. The value of compensation will increase proportionately to the balance maintained.
|Category||A/c balance (US$)*||Age Limit||Cover-Natural death||Cover-Accidental death|
|1||USD 200 - 2,499||Below 65 years||LKR 100,000||LKR 200,000|
|2||USD 2,500 - 7,499||Below 65 years||LKR 200,000||LKR 400,000|
|3||USD 7,500 & above||Below 60 years||LKR 500,000||LKR 1Mn|
|Over 60 years but below 65 years||LKR 250,000||LKR 1Mn|
* - Or its equivalent in any other designated currency
Compensation will be considered on the basis of continuous maintenance of the required balance for a period of six months immediately preceding the event leading to the claim. Claims should reach the bank within three (3) months of the date of the event. Claims presented thereafter will not be processed under any circumstances. Claims will be paid in Sri Lankan Rupees to the dependent after the bank establishes the bona fides beyond doubt.
Documents required to submit a claim:
For further assistance, contact:
|Contact||:||Mr Dinesh Fernando
Executive - Foreign Currency Deposit Mobilization & Outward Remittances
|Telephone||:||00 94 11 2661996|
|Fax||:||00 94 11 2662798|