Sri Lanka Insurance declares highest ever life insurance bonus

Breaking all landmarks in the local insurance industry Sri Lanka Insurance has declared a life bonus of Rs. 3.4 billion for the year 2010 surpassing its own record of Rs. 3 billion declared the year before. This is ample evidence of the company’s commitment to providing the highest returns while protecting its policyholders through wise investment management.

Some of the lucky recipients of the Life Insurance Bonus 2010, receiving the Bonus Certificates from President Mahinda Rajapaksa. Standing from left to right: W. D. N. Wijesekera, Roshan Fernando, M. A. H. Sadurdeen, Gamini Senarath (Chairman SLI)  President Mahinda Rajapaksa, Kishu Gomas, K. A. J. Kularatne, and Dr. S. R. Paranavithana

Explaining how the company continuously achieves this success, Mohan De Alwis Managing Director/CEO, Sri Lanka Insurance said “The company is managed with a clear strategy and a vision to become the trusted insurer to the nation whilst providing best value to our customers.  This was demonstrated by declaring the unmatchable highest ever bonus in the local insurance industry. Conscious, informed and timely decisions were made on opportunities that evolved in the capital market, boosting investment income to exceptionally high-level. As a result SLI life fund, largest in the industry, recorded a mammoth growth in investment income enabling in achieving this landmark.  At Sri Lanka Insurance, the bonus is calculated on the sum assured and is based on the time span of the policy, where customers receive tremendous benefits.” Sri Lanka Insurance strongly believes that every citizen should invest in life insurance hence SLI offers strong, secure and stable solutions that come with government protection. In an era of diminishing interest rates, SLI Life offers competitive returns along with internationally acclaimed protection that is not only limited to protection of the policy holder but also enables one to obtain cash advances, good investment returns and savings. For nearly five decades, Sri Lanka Insurance has been committed to excellent customer service and innovative policies and systems that have allowed the company to service a whole gamut of customer needs from corporate entities to individuals from all walks of life.  A long standing Sri Lanka Insurance Life policyholder, Kishu Gomas, CEO Caltex, expressed his appreciation of the services offered by Sri Lanka Insurance stating that “Life insurance is provided by many insurance providers but I selected Sri Lanka Insurance because they educated me on the importance of investing in life as what will happen to me or my family is unpredictable. I appreciate their aim to protect us with a customised scheme that identifies our individual needs.”

Sri Lanka Insurance is acknowledged as the strongest and largest insurance provider in Sri Lanka, whose 2010 year end consolidated profits before tax soar to an unprecedented 15 billion. It is the only insurance company in the country to receive both AA(lka) with Stable outlook from FitchRatings (London) and AAA with Stable outlook from RAM Ratings for its financial stability.