MBSL Insurance Company


MBSL Insurance Launches 3 OPTION Motor Insurance

MBSL Insurance launches its newest motor insurance product, 3 OPTION Motor Insurance. 3 OPTION Motor Insurance caters to all customers across the board and lets them choose between 3 unique motor insurance package options to best fit their individual needs and budget.

3 OPTION Motor Insurance is available in three distinctive cover options; namely the ‘Gold Cover’ option, ‘Silver Cover’ option and ‘Bronze Cover’ option. The ‘Gold Cover’ option includes exclusive benefits and treatment and caters to premium customers. The ‘Gold Cover’ option also provides full claim settlement and the highest No Claim Bonus (up to 75%) within 6 years. The ‘Silver Cover’ option caters to general-purpose customers and includes a standard premium and numerous features. The ‘Bronze Cover’ option is catered toward customers seeking budget-friendly motor insurance coverage. Customers are given the opportunity to select one of the three cover options for their vehicle based on their budget and requirement.

3 OPTION Motor Insurance cover options include comprehensive motor insurance coverage that covers accidents from external means, fires, explosions, self-ignition, lightning, housebreaking or theft, and damage caused by malicious acts while in transit by road, rail, inland waterway, lift or elevator.

Commenting on the launch of 3 OPTION Motor Insurance, MBSL Insurance CEO Rukman Weeraratne stated, “With 3 OPTION Motor Insurance we plan to provide a comprehensive motor insurance solution to the entire market. We want to create space for customers to have more motor insurance options based on their needs and budget, than sticking to the traditional one size fits all motor insurance cover. From this product we hope that customers will be more benefitted than earlier, as they have a selection of policy coverage options to choose from. Further, we strive to delight our customers by providing excellent customer service and indemnifying losses due to accidents up to the maximum level with 3 OPTION Motor Insurance. Our company is committed to providing outstanding Customer Service throughout its island-wide service touchpoints and 24 hour accident helpline.”

3 OPTION Motor Insurance also comes with the company’s ‘Click & Go’ Facility. ‘Click & Go’ enables customers to carry out self-inspection with their Smartphone during a time of an accident without waiting for an assessor. This saves valuable time for customers and provides them with fast and hassle-free service.

MBSL Insurance Company Limited is a subsidiary of the Merchant Bank of Sri Lanka & Finance PLC. The Merchant Bank of Sri Lanka & Finance PLC falls under the patronage of renowned state-owned bank, Bank of Ceylon, the largest bank in the country. MBSL Insurance offers a wider array of General Insurance products to suit every customer’s need. It guarantees the highest service standards with a total spectrum of protection.

Date of incorporation

MBSL Insurance Company Limited is a Public Limited Liability Company incorporated on 24th September 2004 under the Companies Act No. 17 of 1982 in Sri Lanka. The Company was re-registered under the Companies Act No. 7 of 2007.

MBSL Insurance Company Limited

519, T.B. Jayah Mawatha,
Colombo 10.

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