Dec 12, Colombo: Sri Lanka's largest bank, Bank of Ceylon jointly with MasterCard International has launched the World MasterCard themed as "Be the Master of your Journey".
The ceremony took place at the Bank of Ceylon Head office Colombo with the participation of World renowned Cricket Icon Muttiah Muralitharan.
The President of the GMOA Dr. Anuruddha Padeniya, CEO Society of Health Research and Innovation Dr. Prasad Colombage, MasterCard Country Manager Sri Lanka and Maldives Santosh Kumar, the Bank of Ceylon's CEO/ General Manager Senarath Bandara, CFO/DGM Corporate and Offshore Banking Russel Fonseka, DGM Product and Banking Development MJP Salgado, DGM International, Treasury and Investment DPK Gunasekara, members of the Executive Management and Executive officers of the Bank's Card center also participated.
Since inception, Bank of Ceylon has been in the forefront, synergizing the financial landscape of the country through technology. With the unmatched strength it possess, BOC has been successful in delivering the benefits of technological advancements to its customers, who come from all walks of life, in a meaningful way.
With the continuous demand for life-style changes and the curiosity to explore new things in the world, individuals nowadays require the freedom and the convenience to carry-out their deeds flexibly, with added benefits and security, which BOC has always addressed comprehensively.
Embedding a world of travel and life-style including many benefits that arranges flexibility to explore and pursuit what matters most to customers, this joint venture will provide a secured path wherever the card is used, internationally or locally.
World MasterCard offers a minimum credit limit of Rs 250,000 to customers.
Among the array of benefits that are offered; Free joining fee, Free first year annual fee, Cards are accepted at over 30 million merchant outlets and at over 3 million ATMs globally, Local and overseas discount programs attached to World MasterCard, Access to master global services, Access 1000+ airport lounges with "Lounge Key" from MasterCard (www.loungekey.com/mastercardsa), Interest free credit period up to 52 days (maximum), Free life insurance or permanent disability cover, 50% cash advance on available credit limit once a month, Easy settlement plan (up to 24 months), Supplementary cards for your loved ones, Emergency hospitalization limit enhancement facility.
The World MasterCard's special feature can be called as the free insurance cover up to USD 250,000 that is offered as the personal accident insurance cover. Further USD 100,000 Emergency accident and medical expenses, evacuation and repatriation of mortal remains, USD 1000 Lost baggage insurance, USD 500 dental care, USD 250 loss of passport, USD 100 Delay in checked in baggage, USD 2500 Personal liability, USD 50 per day (maximum of 750) Hijack daily allowance, USD 50 per 12 hrs (maximum of 500) Trip delay and USD 500 missed departure are among the other exceptional benefits attached with World MasterCard. (Media Release)