Sri Lanka Insurance will embark on a new journey in 2024 with all preparations made for the segregation of the company as Sri Lanka Insurance Life and Sri Lanka Insurance General.

This was said by Chairman of Sri Lanka Insurance, (SLIC) President Counsel Ronald C Perera in his message as the company inaugurated business operation for the year 2024 yesterday, at their Head Office. The Chairman reiterated that it is a regulatory requirement and this change will bring positive changes and a positive growth to both the Life Insurance and General Insurance categories.

“The dedication and hard work of all employees of Sri Lanka Insurance has contributed to the financial success and numerous accomplishments of the organisation in the past year.”

‘Customer centricity through focused specialisation’ was announced as the theme for the business drive of 2024. Chief Executive Officer of Sri Lanka Insurance, Chandana L. Aluthgama in his New Year message stated, “As we embark` on a new journey as Sri Lanka Insurance Life and Sri Lanka Insurance General, the business drive for both Life and General categories in 2024 will be ‘Customer centricity through focused specialisation’. Despite the many challenges the Company has successfully completed another year due to the resilience showcased by the employees and the company as a whole.”

“Regardless of the adversities we have kept our promises to our customers and have made an impact on the people by giving back to the communities to uplift their lifestyles.

Year 2023 was a challenging year overall for the business community, however Sri Lanka Insurance has risen to the occasion and it is evident through their exceptional performance.”

The day’s proceedings commenced with observing blessings from the four religiousobservances and 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. 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 SLR. 10.4 billion Life Insurance Bonus for 2022 to its policyholders.

This is the first time in the Life Insurance industry that an organization has declared a Bonus over SLR 10 billion.