1 day Ago By Thilina Walpola
Amana Takaful Life Insurance PLC has once again demonstrated its commitment to delivering unparalleled financial security and growth, delivering attractive returns for long-term policyholders for 2024. As a trusted long-term insurer, Amana Life provides policyholders with the best investment choices, ensuring they can build and secure their financial future with confidence. This achievement is driven by the company’s diverse, risk-rated investment options, strategically allocated across fixed deposits, bank investments, equity markets, and gold funds.
This structure allows policyholders to balance security and growth, selecting funds that align with their financial goals while adapting to market conditions. As the only life insurer in Sri Lanka offering such flexibility, Amana Life empowers customers to optimize their investments while maintaining long-term financial stability. The review of Funds as of December 31, 2024, demonstrates exceptional returns across all investment avenues, reaffirming Amana Life’s position as the insurer of choice for those seeking the best investment opportunities.
The Protected Multiple Fund (PMF), with a Fixed Deposit base of 90% of its fund value, demonstrated steady returns, despite Sri Lanka experiencing interest rate cuts regularly over the past 24 months. PMF produced returns of 18.1% for the said period on an annualized basis while the market rates for Fixed Deposits reached single digits towards the latter part of 2024.
“At Amana Life, we are committed to providing our long-term policyholders with both protection and rewarding investment opportunities,” said Gehan Rajapakse, CEO of Amana Takaful Life PLC. “These results prove that we are not just offering life insurance, but also a well-structured pathway for long-term financial security and growth. However, it is important to note that past returns are not a guarantee of future performance, as market conditions can influence future results.
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