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Tuesday, 11 June 2013

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SLI declares Rs 4.2 bn Life Insurance Bonus



Upali Dharamadasa takes office as the new Chairman of the Sri Lanka Insurance Corporation. Mohan De Alwis, Managing Director/CEO, Piyadasa Kudabalage, Executive Director and new Board appointees, Nayana Dehigama and Sanjay Samarasinghe look on. Picture by Sumanachandra Ariyawansa



Sri Lanka Insurance, headquarters building

Sri Lanka Insurance, (SLI) once again declared the largest life insurance bonus of Rs 4.2 billion for all its participatory life policy holders. The staggering Rs 4.2 billion declaration marks history as 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 has brought in winning results year on year benefitting all Sri Lanka Insurance Life policy holders,” said it’s managing Director/CEO, Mohan De Alwis.Sri Lanka Insurance strongly believing in that every individual should invest in life insurance has seen spearheading many projects take this message to every corner of the country.

Commenting on this outstanding achievement, Piyadasa Kudabalage, Executive Director of Sri Lanka Insurance 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 and 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 who 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 World Quality Commitment Gold Award in 2011 in Paris, the Platinum Award 2012 in New York.

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