Sri Lanka Insurance declares Rs.11.2bn bonus for life policyholders

SLIC life management team symbolically presents bonus declaration letter to Assistant District Secretary Nuwara Eliya  G.S.D.  Gamlath 

•  Highest life insurance bonus year-on-year in industry, cumulating to a massive Rs.104bn since 2006 

Sri Lanka Insurance Life yet again outshines its own record to declare the largest life insurance bonus in the industry amounting to a staggering Rs.11.2 billion for the year 2023 to its policyholders. 
Since 2006 SLIC has triumphed in declaring the highest life insurance bonuses year-on-year in the industry which now more than a massive Rs.104 billion making the SLIC bonus declaration unmatchable. 
By declaring the highest and largest ever life insurance bonus in the country, Sri Lanka Insurance Life has upheld the trust placed by the policyholders as the strongest insurance provider in Sri Lanka, despite the internal changes and economic and social impact felt by the company. Sri Lanka Insurance Life was able to increase its asset base to Rs.221 billion and the life fund to Rs.180.8 billion, to further strengthen its position as the largest and strongest local insurer. 
Furthermore, the monthly average life insurance claim settlement exceeds Rs.1 billion amounting to around Rs.12 billion annually in addition to the annual bonus declaration. This affirms the prudent investment management strategies of the company and further emphasis on Sri Lanka Insurance’s commitment towards its policyholders and their well-being. 
The official bonus deceleration event was held at a special event at Nuwara Eliya in the presence of the corporate management, regional management, sales team and customers on July 6, 2024. 
Sri Lanka Insurance Life Group Chief Executive Officer Chandana L. Aluthgama officially announced the bonus value for the year 2023, which was followed by the launch of the communication campaign of the bonus declaration. 
Aluthgama stated, “Our commitment towards our policyholders have always been our priority and Rs.11.2 billion bonus declaration is a result this very commitment.” 
Sri Lanka Insurance Life Chairman President Counsel Ronald C. Perera stated, “Our ability to declare an enormous Rs.11.2 billion bonus for our policyholders underscores SLIC Life’s financial strength and resilience as a company.”