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Internal Memerandam - Insurace Renewal



INTERNAL MEMORANDUM

To                           :           The Chairman

From                     :           Accountant

Date                      :           June 5, 2013

Subject                 :           INSURANCE RENEWAL
___________________________________________________________________________________
This is to inform you that Insurance on motor vehicle (Vehicle insurance) is to be expiring on 08th June 2013. Therefore, need to renew the same for next year

The summaries of Quotations received to render the insurance service are given in the attached list.

M/s. Car Insurance PLC.
           
            Insurance Premium                                                           -           Rs.  38,000.00
               Covers – 1.1 PAB for Passengers (including Driving Seat)
                                       For 5 LKR 50,000.00 Per person
                                1.2 Third party property Damage SLR 500,000.00
                                1.3 Flood & Natural Disaster
1.4 Strike Riot and Civil Commotion
                                1.5 No Claim Bonus 60%
                                                                                                          
M/s. Motor Insurance Lanka PLC.
                       
            Insurance Premium                                                           -          Rs. 38,612.71                          
              Covers – 1.1 PAB for Passengers ( including Driving seat
                                    For 5 LKR 50,000.00 Per person
                                1.2 Third party property Damage LKR 500,000.00
                                1.3 Flood & Natural Disaster
                                1.4 Strike Riot and Civil Commotion
                                1.5 No Claim Bonus

M/s. Car Union Assurance PLC.                                              

            Insurance Premium                                                          -           Rs.  39,456.58
                Covers – 1.1 PAB for Passengers (including Driving Seat)
                                       For 5 LKR 50,000.00 Per person
                                1.2 Enhanced Third party property Damage SLR 500,000.00
                                1.3 Specified Natural Perils
                                1.4 SRCC to Vehicle
                                           

The above are including taxes,
                                                             
Forwarded for your evaluation and approval, please.
           
Thanking You



…………………………………………………
K.R.D.S KUMARASINGHA
(Copies of the proposals are attached.)

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