SLIC makes Rs. 9.8 Bn life insurance bonus payment in 2022 | Daily News

SLIC makes Rs. 9.8 Bn life insurance bonus payment in 2022

Chairman Ronald C Perera, PC and CEO, Chandana Aluthgama
Chairman Ronald C Perera, PC and CEO, Chandana Aluthgama

Sri Lanka Insurance (SLIC) even during challenging times, was able to award the highest ever life insurance bonus payment of Rs. 9.8 billion to their policyholders, said Chairman Ronald C Perera, PC at the inauguration of business operations, for the year 2023, at their Head Office.

“We concluded a successful year with over Rs. 20.7 billion GWP in Life Insurance and Rs. 20.5 Billion in General Insurance business. We were also able to secure awards as the most loved Insurance brand and most valued General Insurance brand for the 5th consecutive year. This is in addition to a number of other awards and accolades we received during the year by incorporating progressive principles, sustainable values, and prudent business practices.”

“In fact, SLIC’s exceptional performance during periods of global crisis shows why it pays to be prepared. The organisation will continue to undertake strategic financial and fiscal risk management, supported by big data and a technologically driven Integrated Risk Management plan.”

Speaking about highlights from the past year and the promising future that’s been planned, Chairman Perera, stated.

“The year we leave behind was as memorable as it is historically significant. For over 6 decades Sri Lanka Insurance has been a guardian to the nation and its people, renowned as a beacon of strength and stability. We continue this proud tradition, leading the way not just on an economic front, but also in terms of environmental and social criteria.”

Chief Executive Officer, Chandana L. Aluthgama said, “2022 was a challenging year, but we overcame these challenges together. The work we have done has a deep impact on the people and communities we serve. making life better for all Sri Lankans.”

“The organisation’s outlook, growth, and performance remain excellent. With a series of achievements including the launch of several new products all of which have performed beyond expectations.Our mission is to exceed these achievements in 2023. By focusing on a superior customer experience, technological innovation, and socially inclusive culture we will continue to work towards our mission, adding value to the nation and protecting the lives of all Sri Lankans.”

Sri Lanka Insurance has continued to lead the way, as a harbinger of progress and a bastion of strength. Caring for the well-being of our people is a priority for us and this earned us a CIMA Satyn Women Friendly Workplace Award, complemented by an Insurance, Finance, and Investment sector award at the ‘Great HR Quiz’.

The organisation is technically robust and has been awarded the ISO 9001:2015 quality standard and Carbon Footprint Certification complying with ISO 14064-1:2018. Sri Lanka Insurance has also been extremely active on a social front, with CSR initiatives.”

By leading the way with innovations centred around technology and data, Sri Lanka Insurance has simplified insurance, making it more transparent, personalised, and accessible. The organisation is also at the forefront of sustainable investing, which promises excellent opportunities and impressive dividends in the years ahead.

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