Ombudsman's Advice

18
Jul

DOs AND The DONTs: DO Help Create Awareness

We must have greater Awareness about Insurance. The concept of insurance is not sufficiently known or understood in Sri Lanka . Unlike say Agriculture where our people are culturally adapted, Insurance is entirely an English concept. I have asked the Insurance companies to create greater Awareness about Insurance generally and not restrict their advertising budgets to Marketing their respective policies. Because of a lack of adequate knowledge about Insurance and its benefits and pitfalls, I strongly advise those who take out large insurances to go through a good broker. There are over Fifty insurance brokers in the country who are registered with the Insurance Board of Sri Lanka (IBSL).

Dr. Wickrema Weerasooria
About Dr. Wickrema Weerasooria
Having obtained his PhD from the London School of Economics, Dr Wicrema Weerasooria is an Attorney-At-Law, Supreme Court of Sri Lanka and Barrister and Solicitor, Supreme Court of Victoria, Australia. He is also distinguished former Public Administrator, Lawyer, Academic, Diplomat and Financial Consultant and has been holding office as the first Insurance Ombudsman of Sri Lanka since 2005.

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