This insurance product provides protection to the physical assets such as buildings, furniture, electrical/electronic equipment, stocks against loss of or damage due to Fire and Allied Perils which are specified in the policy subject to exclusions, conditions and warranties of the Policy
Main peril : Fire & Lightning
Following perils are not covered under your Policy unless specifically mentioned in the Policy Schedule
Policy period is the validity period of the cover which a claim is payable. This period is stated in your policy schedule and this policy is renewable at the expiry of such policy period's
You have to pay the premium stated in the Policy schedule to our Head Office or any of the branch offices or through our web www.peoplesinsurance.lk and we will issue you a payment receipt
Please refer the policy wording for full exclusion list
You can write to Manager Fire & Misc. Department, People’s Insurance PLC, No. 07, Havelock Road, Colombo 05 or call us on 011-2126126 or Fax us on 011-2126042 or email us on firstname.lastname@example.org and give us your consent to renew or get any further information.
You can cancel the Policy any time by informing us the same and we will refund you a balance premium on customary short period scale given below.
|PERIOD OF COVER (TERM NOT EXCEEDING)||% OF THE ANNUAL PREMIUM TO BE RETAINED BY THE INSURERS|
|3 days||05% of the Annual Premium|
|10 days||10% of the Annual Premium|
|1Month||20% of the Annual Premium|
|1½ Months||25% of the Annual Premium|
|2Months||30% of the Annual Premium|
|3Months||40% of the Annual Premium|
|4Months||50% of the Annual Premium|
|5Months||60% of the Annual Premium|
|6Months||70% of the Annual Premium|
|7Months||75% of the Annual Premium|
|8Months||80% of the Annual Premium|
|9Months||85% of the Annual Premium|
|10 Months||90% of the Annual Premium|
|11 Months||95% of the Annual Premium|
|12 Months||100% of the Annual Premium|
No refund will be allowed if there is a claim paid under the Policy
We may cancel this Policy on grounds of misrepresentation, fraud, and non-disclosure of material facts or non-co-operation by You, by sending written notice by registered post to your last known address, and then we shall refund a pro-rata premium for the unexpired Policy Period.
Please inform us immediately so that we can make the necessary alterations to your policy (if any). Examples of the changes to the risk
The Warranties are terms which are being imposed to your policy and it is mandatory that you comply with the same as it affects the validity of your Policy. The Warranties applicable to your policy are stated in your Policy Schedule.
We do our best to ensure that our customers are delighted with the service they receive from People’s Insurance PLC. If you are dissatisfied we have a procedure for resolving issues.
Contact our Complaints Handling Officer, giving details of your problem:
Address: No.7, Havelock Road, Colombo 5
Telephone: 0112 126 126
Fax: 0112 126 109
If you are not happy with the decision taken by Us, you may contact the Ombudsman / independent
dispute resolution body
The contact details of the Ombudsman is given below:
Address: No 143A, Vajira Road, Colombo 5
Telephone: 011 452 8671, 011 250 5542