Sri Lanka Insurance creates history:
SLIC bonus Rs 3 b
Poised to capture N-E opportunities:
An interim bonus of Rs. 3 billion has been declared by Sri Lanka
Insurance Corporation Limited (SLIC) creating history in the insurance
This is the single largest bonus issued by an insurance company for
its participating policyholders for 2009. SLIC has become a benchmark in
the country’s insurance industry and an active player in the centre
stages of post war development of the country, said SLIC Chairman
Pradeep G.S. Kariyawasam.
The SLIC is aligned to meet its vision and mission to uplift State
sector standards and well poised to capture opportunities in the North
and the East. With its innovation, diversification and customer friendly
products SLIC is reaching greater heights in the industry. It continues
to invest in staff training and development to be an institution of
strength and stability, he said. SLIC has a life fund valued at over Rs
39 billion - largest life fund in the industry and asset base of Rs 65
billion with an aim to become the leader in the insurance industry.
It has the strength, capacity, capability and competence, said SLIC
Managing Director Dr. Nalaka Godahewa.
The shift in the focus of the corporation towards meeting customer
and national priorities is the base for innovation. SLIC would become
the benchmark for effective management fulfilling the insurance needs of
the nation, he said.
Insurance should penetrate every sector as it is an indication of
economic development. The ultimate objective is to make insurance
available to every citizen. With prudent investment management,
Government protection and private sector service standard, the SLIC is
well positioned to regain confidence of its customers. It is important
to note that 2009 interim bonus supersedes the bonus for 2008 by as much
as 40 percent, Dr. Godahewa said.
“We strive towards achieving greater economic success in this post
war era. It is pertinent that the insurance industry plays its
designated role by creating awareness of the need for insurance, for
long-term sustainability of enterprises and livelihoods. As SLIC we have
taken on this challenge and intensified our efforts to increase
awareness of the criticality of insurance as a fundamental need and are
pursuing a strategy aimed at increasing penetration of insurance,” he