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Unique Benefits for Specific Foreign Currency Accounts
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
Eligibility Criteria
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:
- Proof of age (a certified copy of the Birth Certificate)
- A certified copy of the Death Certificate
- A certified copy of the Inquest Proceedings, if an inquest was held, in the event of a death due to an accident
- A certified copy of the Marriage Certificate, if married
- If there are children above the age of maturity, a letter of consent from them to make the payment to the surviving parent. If unmarried, a letter of consent to be given by brothers/sisters, if any, to make the payment to a party of their choice
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 |
| : | dinesh.afernando@hnb.lk |
For further assistance, contact
Mr Dinesh Fernando
Executive - Foreign Currency Deposit
Mobilization & Outward Remittances
Hatton National Bank PLC.
Head Office, HNB Towers,
479, T B Jayah Mawatha,
Colombo 10, Sri Lanka.
Tel : +94 11 2661996
Fax : +94 11 2662798
E-mail : dinesh.afernando@hnb.lk
