SLI declares staggering Rs. 4 bn Life Insurance bonus to customers

4 July 2012 06:30 pm Views - 5560

Sri Lanka Insurance declared a Rs4 billion in Life Insurance Bonus  for its policy holders this year endorsing 50 years of trust placed on the Company by the Sri Lankan people. The declaration comes breaking the company’s own record of the highest bonus declared in the industry last year of 3.4 Billion.

Explaining how the company was able to achieve this success, Mohan de Alwis, Managing Director/CEO of Sri Lanka Insurance said: “It is yet another achievement of Sri Lanka Insurance to able to declare the highest life Insurance bonuses year-on-year  unbeaten to date. Sri Insurance claims  the largest Life Insurance Fund in the industry of Rs 56billion, and through prudent investments made from this fund with the aim of yielding the highest returns for our customers has made it possible for us to declare a bonus of Rs4billion to our participating life policy holders this year”.

Sri Lanka Insurance firmly believes that every individual should invest in life insurance as it provides a dependable fall back plan which safeguards families and equips them to deal with the results of unforeseen disasters, hence the company has an intricately woven 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 has also been in the fore front of taking the message of insurance to the masses of Sri Lanka, using the strengths of our 125 fully networked branches and through the recent strategic partnerships that the company entered in to with banking and telecommunication providers.

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 and a World Finance Award in London as the Best Insurer of the Year 2010 in Sri Lanka.