SLIC offers Rs.1mn free life cover to parents of children born on Children’s Day 2024

• SLIC provides free life cover worth Rs.1mn for parents of every child being born on October 1, 2024 islandwide
• Programme was carried out islandwide, covering all hospitals on October 1, 2024, taking message of life insurance to everyone

In celebration of World Children’s Day 2024, Sri Lanka Insurance Life extends its commitment to securing the future of the nation’s children by offering a Rs.1 million free life insurance cover to the parents of every child born on October 1, 2024, across the island.

This initiative, now in its third consecutive year, is a testament to SLIC Life’s ongoing mission to provide financial protection to families at a crucial time in their lives while promoting the importance of life insurance as a safety net.
This free life cover ensures that parents of newborns will have financial protection during uncertain times, creating a layer of security that helps families build a stable future. On October 1, 2024, SLIC Life implemented the programme nationwide, extending its coverage across all hospitals in Sri Lanka to reach families in every part of the country. This initiative reflects SLIC Life’s broader commitment to improving the financial well-being of the community and spreading awareness about the benefits of life insurance.

Speaking about this initiative, Sri Lanka Insurance Group Chief Executive Officer Chandana L. Aluthgama said, “As a responsible organisation, our commitment towards the well-being of children goes beyond just financial protection. With the current challenging economic conditions, a safety net for everyone is essential and we believe that insurance for all is a must. In 2022, we launched this project to provide free life insurance cover for children born on the World Children’s Day, ensuring that their families have the financial protection they need. Additionally, we have introduced several insurance solutions designed to secure the uninterrupted education and realisation of dreams of our children. Our commitment extends beyond just insuring lives; it’s about nurturing the dreams and aspirations of every child.”

To mark this special initiative, a ceremonial event was held at Castle Street Hospital for Women in Colombo, where representatives from Sri Lanka Insurance Life, hospital staff and families gathered to celebrate this significant milestone. The event underscored the importance of life insurance in securing a brighter future for Sri Lanka’s children and their families.