Sri Lanka Insurance inaugurates business operations for 2022

SLIC Chairman Eng. Vijitha Herath and CEO Chandana L. Aluthgama inaugurated business operations for year 2022 by lighting the oil lamp

New businesses are being handed over to mark the year 2022

• Celebrates 60th Anniversary with launch of ‘Medi 60’ Senior Citizen Medical Insurance 

SLIC Chairman Eng. Vijitha Herath addressing the gathering

SLIC CEO Chandana L. Aluthgama addressing the gathering

The inauguration of Sri Lanka Insurance business operations for the year 2022 took place yesterday at the Sri Lanka Insurance (SLIC) head office with the participation of the Chairman, corporate management, and the staff of SLIC.

Adhering to the health and safety guidelines provided by the health authorities due to COVID-19, Sri Lanka Insurance held the event with a minimum number of participants, and the event was live-streamed to branches and all staff members via Zoom. The event was comprised of religious observations performed by religious leaders of all four religions.

Established in 1962 as a State insurer, Sri Lanka Insurance celebrates 60 years of service to the nation on 1 January.

Through six decades, Sri Lanka Insurance has been synonymous in its effort in aligning the corporate goals to the country’s economic development goals whereby the corporation has always strived to serve beyond the mandate of insurance and was at the forefront in assisting the country in all national catastrophic moments. The corporation is constantly evolving to uphold the high standards set out in its corporate vision and mission.

In celebration of the triumphant 60 years, Sri Lanka Insurance introduced the ‘Medi 60’ Senior Citizen Health Insurance Plan to cover an array of health insurance needs of senior citizens. The product was launched as a tribute to the senior generation for their valuable contribution towards the economic progress of Sri Lanka and recognising their limited access to health insurance due to age constraints.

The ‘Medi 60’ Health Cover enables senior citizens to reimburse medical charges, including hospital and surgery costs and medicinal expenses. Senior citizens between the age of 60 and 70 are now eligible to apply for this cover, while the policy can be renewed until the policyholder reaches 80 years of age. Moreover, policyholders also receive attractive discounts for laboratory tests, medicine delivery and free wellness programs in collaboration with ayubo.life.

Speaking at the gathering, SLIC Chairman Eng. Vijitha Herath noted: “As we celebrate the 60 years of excellence to the nation, we reminiscence the vision the leaders who have established this prestigious institution, to safeguard the nation and its people. At this historic juncture, we are proud to say that we have served the nation with utmost trust from generation to generation. 

“We have been at the forefront to inculcate the importance of insurance to the masses as a national responsibility on our shoulders. We will further strengthen internal capabilities to serve the nation through innovative and affordable insurance solutions which cater to all Sri Lankans. Sri Lanka Insurance will be shifting paradigms in the insurance industry and we strive to continue providing the best protection for Sri Lankans.”

In his speech, SLIC CEO Chandana L. Aluthgama noted: “2022 has been by far one of the most challenging years we have witnesses. But we have reaffirmed our true spirit with remarkable achievements throughout this year. 

“We have recorded the highest GWP achievement in the history with over Rs. 43 billion for Life and General Insurance, 14% growth, 189 MDRT members with the first-ever TOT achiever in SLIC history, highest life insurance bonus ever paid with Rs. 8.6 billion, the market leader in motor and general insurance sector, recognised as a ‘Great Place to Work’ and achieving ISO quality slandered. As we are heading to the year 2022, we are aiming towards achieving excellence in all aspects through transforming Sri Lanka Insurance as one team.”