Sri Lanka Insurance declares Rs 4 billion Life Insurance Bonus

Sri Lanka Insurance, the nation’s flagship state insurer, declares a Rs 4 billion in Life Insurance Bonus for its policy holders this year endorsing 50 years of trust placed on the Company by the people. The declaration comes breaking the company’s own record of the highest bonus declared in the industry last year of Rs 3.4 Billion.

Sri Lanka Insurance Head Office

Mohan de Alwis, Managing Director/CEO of Sri Lanka Insurance said “ it is another achievement of Sri Lanka Insurance to be able to declare the highest life Insurance bonuses year on year. Sri Insurance claims the largest Life Insurance Fund in the industry of Rs 56 billion. Prudent investments made from this fund with the aim of yielding the highest returns for customers has made it possible for us to declare a bonus of Rs4 billion to life policy holders this year”.

Sri Lanka insurance believes that every individual should invest in life insurance as it provides a dependable fall back plan which safeguards families and equips them to deal with the results of unforeseen disasters. The company has an intricately woven policy system which enables customers to select from a wide range of options which can be adapted according to individual requirements.

Sri Lanka Insurance has been in the fore front of taking the message of insurance to the masses, using the strengths of 125 networked branches and through the recent strategic partnerships that the company entered into with banking and telecommunication providers.

Sri Lanka Insurance, the largest government owned composite insurance provider is the first insurance company to have been assigned a global rating for financial stability AA (lka) from Fitch Ratings, London which is an assurance of the company’s long term financial sustainability.

Sri Lanka Insurance is the only insurer who was awarded RAM Ratings AAA for its ‘long term claim paying ability’, which affirms the corporation’s capacity to meet financial obligations to policyholders. The company has also been awarded ISO 9001:2000 certification for correct governing and operational procedures in line with accepted global standards.

Company’s dedication is endorsed by the recent international awards which include World Quality Commitment Gold Award in 2011 in Paris, the Platinum Award 2012 in New York and a World Finance Award in London as the Best Insurer of the Year 2010 in Sri Lanka.