Moneragala Alpitiya Maha Vidyalaya wins SLI Challenge Cup for best knowledge in insurance

Alpitiya Maha Vidyalaya, Moneragala walked away with the Sri Lanka Insurance Challenge Cup awarded for the school with the best knowledge in Insurance at a quiz competition that was held at the Sri Lanka Insurannce stall at the Dayata Kirula Exhibition 2011.

SLIC said 22 schools within the Moneragala District competed for this coveted title over a period of six days.

Sri Lanka Insurance Challenge Cup is yet another initiative from the State Insurance giant to educate the Sri Lankan population of the benefits of Insurance and to take the concept of Insurance to the all corners of Sri Lanka.

Sri Lanka Insurance claims the position of the largest and strongest composite insurance provider in Sri Lanka, with a managed asset base that stands at Rs. 88 billion, over Rs. 6 Billion in capital and a Life fund of approximately Rs. 50 billion. SLIC is backed with very strong re-insurance arrangements, a highly experienced technical knowledge base and the widest network across the country. Sri Lanka Insurance is the only insurer to be rated AAA by RAM Ratings for its long term claims paying ability, and is the first insurer to be assigned a global rating AA-(lka) by the Fitch Ratings London. The company has also been awarded ISO 9001:2008 certification for correct governing and operational procedures in line with accepted global standards. At the recently concluded World finance Awards held in London, Sri Lanka Insurance was awarded “The Insurance Company of The Year 2010 in Sri Lanka”, competing and winning against the best in the insurance industry in Sri Lanka. Today Sri Lanka Insurance is being the benchmark for effective management and service excellence, in the Industry. Sri Lanka Insurance also recorded an incremental revenue of Rs 1.3 billion at year end 2010 and recently invested US$ 63 million in acquiring the shares of Shell Gas Lanka Ltd and Shell Terminals which is now rebranded as Litro Gas.