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Hayleys AIG Insurance Company Limited

Property Insurance

Property Insurance


• All risk
• Corporate Guard
• Fire & Allied Perils including Burglary, Money, Glass & Machinery Breakdown


This Covers all fixed and movable assets of an organization against various events and perils. The standard Fire and Special Perils Policy will cover Malicious Damage, Lightning, Explosion, Natural Perils like Tsunami, Tidal Wave, Earthquake, Hurricane, Tornados etc., and from the local Government Fund Strike, Riot and Civil Commotion and Terrorism will be covered.

This Policy can be combined with the Business Interruption Policy.

We also have an umbrella product - Property All Risk Policy - which covers a gamut of events combining Fire and Special Perils, Accidental Damage, Burglary, Good-in-Transit, Money-in-Transit, Machinery Breakdown, Electronic Equipment - ALL in one Policy.

For Corporate Clients we provide Risk Management Services free of charge as it is an integral part of our service.


• Attractive rates.
• Embedded Personal accident cover up to LKR 50,000., for 5 passengers including the driver. This limit can be extended up to LKR 250,000, in Rs. 50,000 slabs at extra premium.
• Free Towing charges up to LKR 5,000.00
• No Hire Purchase loading
• No extra cost for Air Bag replacement cover.
• No additional charges for Natural Perils cover if the Flood cover is obtained.
• 24hr Claims assessment services. (02 hotlines dedicated 24hrs)
• No Police report required unless there is a Third Party involvement.
• In the event of a claim, deduction for rubber items starts from 10%.
• Theft of parts automatically included for private cars. For private vans this can be included by paying 30% of additional premium from Basic Premium.
  - Third party property damage limit of LKR 10,000,000 for private cars.
  - Third party property damage limit for vans registered under commercial category can be increased upto LKR 500,000 from the mandatory LKR 15,000, at an additional premium.
  - Third party bodily Injury Unlimited for vehicles.
• A special No Claim Bonus Structure as follows.


The preceding year              Nil
Preceding 2 consecutive years   15%
Preceding 3 consecutive years   25%
Preceding 4 consecutive years   35%
Preceding 5 consecutive years   45%
Preceding 6 consecutive years   55%
Preceding 7 consecutive years   60%
Preceding 8 consecutive years   65%
Preceding 9 consecutive years   70%
Preceding 10 consecutive years  75%

Private Dwelling Houses Back To Top

We cover:

• Your building including outhouses, gates, public supply connections
• Contents
• Your liability to third parties
• Accidental injuries occurring with in the premises to the insured and spouse


We protect your building and contents by covering you against the following perils.

• Fire, lightning
• Explosion
• Cyclone, storm and tempest
• Flood
• Earthquake, Volcanic Eruption
• Natural perils (Hurricane, Typhoon, Tornado, Windstorm, Tsunami, Tidal wave)
• Impact
• Burglary
• BOT (Bursting or overflowing of water tanks, apparatus and pipes)
• Aircraft damage
• Accidental leakage of oils/water
• Electrical Extra
• Malicious damage (will only be given if Riot and Strikes is taken)


Additional perils at extra premium.

• Riot & Strike
• Terrorism


Additional Benefits free of charge.

• Alternative Accommodation up to 10% of Sum Insured
• Fire Brigade Charges up to LKR. 5,000/-
• Removal of debris up to LKR. 50,000/-
• Professional Charges up to LKR. 50,000/-
• Servant Property up to LKR 5,000/- per person
• Guest's effects up to LKR. 5,000/- per person
• Replacement of Door locks arising due to Burglary up to LKR. 10,000/-