Ceylinco Life voted Sri Lanka’s most popular life insurer for 19th year

Friday, 28 March 2025 00:10 - - {{hitsCtrl.values.hits}}

Executive Director/Chief Operating Officer Ranga Abeynayake and Deputy Chief Operating Officer Samitha Hemachandra (second and third from right) with representatives of the company’s Operations and Marketing Divisions at SLIM-Kantar People’s Awards

Crowned “People’s Life Insurance Service Provider of the Year” at 2025 SLIM-Kantar People’s Awards

Ceylinco Life has been voted the “People’s Life Insurance Service Provider of the Year” for a record 19th consecutive year winning the coveted SLIM-Kantar People’s Award in its category and securing the ultimate testament to consumer-driven recognition in Sri Lanka.

Presented by the Sri Lanka Institute of Marketing (SLIM) in association with Kantar, the world’s leading marketing data and analytics company, the People’s Awards are based on consumer preferences as determined by the results of a survey, making it an accurate reflection of popular sentiment. Ceylinco Life stands out as the only company in Sri Lanka’s life insurance sector to win this award every year since the inception of the awards program.

The SLIM-Kantar People’s Award was presented to Ceylinco Life two weeks after the announcement of the company’s financial results for 2024, which reaffirmed its market leadership in the life insurance sector for the 21st successive year.

Commenting on the company’s dominance at the People’s Awards, Ceylinco Life Deputy Chief Operating Officer Samitha Hemachandra said: “Our success pivots on public trust, which can be fickle. Everything we do is intended to earn and retain trust. Winning the People’s Award for 19 years consecutively is an extraordinary feat that cannot be achieved without a genuine and unwavering adherence to core values and best practices. We are humbled to win this award, with represents the trust and approbation of our customers and the community at large.”

The purpose of the People’s Awards is to reward and recognise brands and personalities that are closest to the hearts of the Sri Lankan people. A hallmark awards event of the Sri Lanka Institute of Marketing, the awards program is based solely on people’s votes, through country-wide research conducted by Kantar. The awards honour the country’s top brands across multiple sectors each year, with respondents to the survey asked to mention their favourite brands and personalities across various categories.

The 2025 SLIM People’s Awards presentation was the ninth year that the awards in the insurance sector were presented separately to Life and General Insurance companies, following the segregation of these segments of insurance by law in 2015. In the 10 years that preceded the segregation, Ceylinco Insurance PLC comprising of Ceylinco Life and Ceylinco General Insurance, won the award every year.

Ceylinco Life ended 2024 with gross written premium income of Rs. 37.14 billion and investment and other income of Rs. 28.4 billion, recording consolidated income of Rs. 65.54 billion. Policyholders received a record Rs. 25 billion in net claims and benefits in 2024, and the company’s Life’s Fund grew to Rs. 180.89 billion at the end of the year. Total assets grew to Rs. 251.4 billion while the company’s investment portfolio increased to Rs. 222.5 billion as at 31 December 2024.

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