SANASA Life records fastest growth rate in life insurance industry in 2Q

Chief Business Officer Ivan Nicholas, Chief Operation Officer/Principal Officer Nuwanapriya Gunawardane, Chief Executive Officer/General Manager Indika Kiriwandeniya, Chief Technical Officer Joe Karunarathne and Specified Officer Chandana Divigalpitiya

Despite the adverse socio-economic challenges in the country, SANASA Life Insurance Company has reassured its position to be the fastest growing life insurance company in Sri Lanka. 
The Sri Lanka Insurance Association published the performance report of the life insurance companies for 2Q 2022, of which SANASA Life Insurance Company was ranked ninth among the life insurance companies in the country by achieving a growth rate of 81.5 percent, surpassing all life insurance companies after recording a superior growth performance during the first half of 2022. 

It is unique that SANASA Life, which was ranked 11th last year, has been ranked ninth, beating many companies within a year. In the first six months of the year 2022, SANASA Life has recorded a GWP of Rs.1,307 million, which is a massive growth rate of 81.5 percent compared to last year.

In 2003, SANASA obtained the licence to operate as a life insurance company and since its inception, it has been making revolutionary changes in the Sri Lankan life insurance industry. 
Commenting on this, SANASA Life Insurance Chief Executive Officer Indika Kirivandeniya said, “I am proud to have been able to achieve this kind of journey in a very short period of time. This victory was not achieved overnight, everyone who worked hard for this as a team remembers me very fondly at this moment. SANASA Life was initiated with the aim of providing relief to the people, among the people, by the people. SANASA Life belongs to the rural poor people. So, this victory belongs to them. At this moment, I would like to express my gratitude to all those who have believed in us and have been associated with us since the beginning.”