SLI’s life insurance bonus tops Rs 30 bn during past 10 years

19 June 2015 02:51 am Views - 1296

Breaking all landmarks in the local insurance industry, Sri Lanka Insurance has once again declared a life bonus of Rs 4.7 billion for the year 2015 surpassing its own record of Rs 4.4 billion declared the year before. 

Sri Lanka Insurance has declared Rs 30Billion in total as Life Insurance Bonuses since 2006. This is ample evidence of the company’s commitment to providing the highest returns while protecting its policyholders through wise investment management

Explaining how the company continuously achieves this success, Hemaka Amarasuriya, Chairman, Sri Lanka Insurance said, “The company is managed with a clear strategy and a vision to become the trusted insurer to the nation whilst providing best value to our customers.  This was demonstrated by declaring the unmatchable highest ever bonus in the local insurance industry year on year totaling to a Rs 30 billion for the last 10 years. Conscious, informed and timely decisions were made on opportunities that evolved in the capital market, boosting investment income to achieve exceptionally high-level. As a result SLI life fund, largest in the industry, recorded a mammoth growth in investment income enabling us to achieve this landmark.  At Sri Lanka Insurance, the bonus is calculated on the sum assured and is based on the time span of the policy, where customers receive tremendous benefits.”

In an era of diminishing interest rates, SLI Life offers competitive returns along with internationally acclaimed protection that is not only limited to protection of the policy holder but also enables one to obtain cash advances, good investment returns and savings. 

Sri Lanka Insurance is acknowledged as the strongest and largest insurance provider in Sri Lanka, whose 2014 year end consolidated profits before tax soar to an unprecedented 11.1 billion. It is the only insurance company in the country to receive both AA(lka) with Stable outlook from Fitch Ratings (London) and AAA with Stable outlook from RAM Ratings for its financial stability.