ISSUED IN THE PUBLIC INTEREST

The Insurance Board of Sri Lanka has decided that the tariff on Workmen’s Compensation Insurance which had been in existence for many decades, will not apply with effect from 1st January 2007  enabling insurers to offer competitive  packages and negotiate with their clients mutually acceptable terms, conditions and rates.

It is the responsibility of the public to ensure that the risks covered under Workmen’s Compensation Insurance  Policy obtained by them from registered insurers satisfy their needs and that the terms and conditions stated in the policy are acceptable to them. Policy holders should be aware of any restrictions, limitations or deductibles that may apply.

The public could contact the Insurance Board of Sri Lanka for any clarifications in this regard.

Director General
Insurance Board of Sri  Lanka
Level 7-2, East Tower World Trade Center, Colombo 1
Tel. 94-011-2396184-89    Fax: 94-011-2396190
E-mail: ibosl@sri.lanka.net   Web Site: www.ibsl.gov.lk