2 weeks Ago By malinga
Sri Lanka Insurance (SLIC) inaugurated business operations for the year 2024 yesterday at the Sri Lanka Insurance Head Office. Business launches were also carried out at branch level in parallel to the main event at head office. The branch staff joined the head office event via live stream.
The day’s proceedings commenced with observing blessings from the four religious beliefs. The top performers who achieved the Million Dollar Round Table event, Top of the Table, Court of the Table were rewarded at the occasion. The Corporation celebrates 63 years of service as the largest and strongest state insurer.
The organisation remains at the helm of the insurance sector and has helped maintain industry-wide growth and equity, even during testing times. “Year 2024 was a challenging year overall for the business community, however Sri Lanka Insurance have risen to the occasion and it is evident through their exceptional performance,” said Group Chief Executive Officer at SLIC, Chandana L. Aluthgama, Sri Lanka Insurance possesses the largest asset base and the life fund solidifying its position as the strongest and largest insurance provider of Sri Lanka.
The year marked the significant achievement of Sri Lanka Insurance being able to declare a Rs. 10.4 billion life insurance Bonus for 2022 to its policyholders.
This is the first time in the life insurance industry that an organisation has declared a bonus over Rs. 10 billion. Since 2006, SLIC has consistently declared the highest life insurance bonus each year, amounting to an unmatched total of Rs.
92.8 billion. Furthermore, SLIC concluded the year successfully recording a Rs.
21 billion GWP in life insurance and Rs. 23.4 billion GWP in the general insurance business.
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