SLIC enters into strategic tie-up with PIMA to provide exclusive vehicle insurance for members

MoU exchange between SLIC and PIMA. From left: SLIC AGM Category Marketing – General Insurance Mahesh Gamage, SLIC CEO Chandana L. Aluthgama, PIMA President Denzil Perera, and PIMA Vice President Shiranthi Thevarapperuma 

Sri Lanka Insurance (SLIC) signed a Memorandum of Understanding (MoU) with the Postgraduate Institute of Management Alumni (PIMA), one of the leading professional bodies in Sri Lanka, to provide an exclusive vehicle insurance package for the PIMA members.

The MoU exchange took place between the two parties on 5 November with the participation of PIMA President Denzil Perera, PIMA Vice President Shiranthi Thevarapperuma and SLIC CEO Chandana L. Aluthgama. 

The strategic tie-up between the two organisations intends to facilitate a unique customised comprehensive motor insurance solution for more than 3,000 members of the PIMA under the sector partnership.

The premier vehicle insurer Sri Lanka Insurance Motor Plus is striving to empower the professionals of Sri Lanka with its unmatchable benefits to offer protection for their vehicles. 

Sri Lanka Insurance Motor Plus offers fast-track claim settlement, cashless settlement facilities and a variety of flexible payment plans, accurate on site assessment by a team of technical professionals, 24/7 customer care assistance service, ability to renew motor insurance via SLIC mobile app and customer portal www.srilankainsurance.net while providing customers protection and peace of mind with the trust build through generations.

As a part of the MoU signed by the two bodies, the Postgraduate Institute of Management Alumni (PIMA) and Sri Lanka Insurance will collaborate for various industry initiatives led by PIMA as a pioneering professional body in Sri Lanka. 

Inaugurated in 1983 under the name ‘Sri Lanka Association for the Advancement of Management (SLAAM)’, the Postgraduate Institute of Management (PIM) is one of the pioneering providers of an MBA, MPA or equivalent qualification, is now widely recognised for high quality management education across Sri Lanka. 

The alumni of PIM are the members of PIM Alumni Association. The Association has actively carried out various academic/professional development programs, networking and social events for its members over the past two decades.

Established in 1962, Sri Lanka Insurance Corporation is the largest Government-owned insurance company in Sri Lanka, with a managed asset base of over Rs. 235 billion and a Life fund of Rs. 134 billion, the largest in the local insurance industry. 

The company is also the first and only local insurer to secure Fitch Ratings AA (lka) rating for its long-term financial stability and sustainability and also Sri Lanka Insurance ranked as the ‘Most Loved Insurance Brand’ and the ‘Most Valuable General Insurance Brand’ in the country by Brand Finance in 2021. 

The national insurer is on a mission of being a customer focused company which constantly innovates in providing insurance services to customers and is now serves customers through an extensive network of 158 branches.