Sri Lanka Insurance declares Rs. 4.2 b Life insurance bonus

Sri Lanka Insurance has once again declared the largest Life insurance bonus of Rs. 4.2 b for all its participatory Life policyholders.

The staggering Rs. 4.2 billion declaration is the highest-ever Life insurance bonus declared so far in the country.

“Sri Lanka Insurance is able to declare unprecedented bonuses year-on-year due to the excellent management of its well-matured Life insurance fund. Wise investments and prudent administration of the fund have brought in winning results year-on-year, benefitting all Sri Lanka Insurance Life policyholders,” said Managing Director/CEO Mohan De Alwis.

Sri Lanka Insurance strongly believes that every individual should invest in Life insurance and has been spearheading many projects to take this message to every corner of the country.

Commenting on this outstanding achievement, Sri Lanka Insurance Executive Director Piyadasa Kudabalage said: “A Life insurance plan provides a dependable fall-back plan which safeguards families and equips them to deal with the result of unforeseen disasters. As the nation’s largest and strongest insurer, Sri Lanka Insurance has taken pains to design and implement a flexible policy system which enables customers to select from a wide range of options which can be adapted according to their individual requirements.”

Sri Lanka Insurance, the largest Government owned composite insurance provider in Sri Lanka, 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 which was awarded RAM Ratings AAA for its ‘long-term claim paying ability,’ which further 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, which is further endorsed by the recent international awards the company has claimed, which includes the World Quality Commitment Gold Award in 2011 in Paris, the Platinum Award 2012 in New York.