Sri Lanka Insurance opens branch at Department of Motor Traffic Premises

Friday, 22 April 2011 00:45 - - {{hitsCtrl.values.hits}}

Sri Lanka Insurance (SLI) and the Department of Motor Traffic (DMT), two prestigious government entities have join hands to provide essential insurance services at the DMT premises with the opening of the Sri Lanka Insurance DMT branch in Werahera yesterday.

Sri Lanka Insurance Chairman Gamini S. Senarath (right) hands over the first insurance cover for learner drivers to H.A.P. Jayantha of Jayantha Learners (centre), at the opening of Sri Lanka Insurance branch at the Department of Motor Traffic premises in Werahera. Others from left - Commissioner of Motor Traffic B. D. L. Dharmapriya, Sri Lanka Insurance MD/CEO Mohan de Alwis and Secretary Ministry of Transport Dhammika Perera – Pic by Daminda Harsha Perera

Via this new branch inaugurated by Chairman Sri Lanka Insurance, Gamini Senarath and the Commissioner of Motor Traffic, B. D. L. Dharmapriya, customers now have access to a range of motor insurance services offered by Sri Lanka Insurance at the DMT branch, in addition to obtaining the newly introduced learner driver cover.

The Learner Driver cover was introduced to service over 2000 learner drivers who visit the premises daily. The learner driver insurance covers any third party risks for property and bodily injury and personal accident covers for the insured and inspector.

Sri Lanka Insurance claims the position of the largest and strongest composite insurance provider in Sri Lanka, with a managed asset base that stands at Rs. 88 billion, over Rs. 6 billion in capital and a Life fund of approximately Rs. 50 billion. SLI is backed with very strong re-insurance arrangements, a highly experienced technical knowledge base and the widest network across the country. Sri Lanka Insurance is the only insurer to be rated AAA by RAM Ratings for its long term claims paying ability, and is the first

insurer to be assigned a global rating AA-(lake) by the Fitch Ratings London. The company has also been awarded ISO 9001:2008 certification for correct governing and operational procedures in line with accepted global standards. At the recently concluded World Finance Awards held in London, Sri Lanka Insurance was awarded “The Insurance Company of The Year 2010 in Sri Lanka” competing and winning against the best in the insurance industry in Sri Lanka.

Today Sri Lanka Insurance is the benchmark for effective management and service excellence, in the industry. As a profit making entity in the state sector Sri Lanka Insurance has invested in many projects the latest being the share acquisition of Shell Gas Lanka Ltd. and Shell Terminals for US$ 63 million, now rebranded as Litro Gas Lanka Ltd and Litro Terminals Lanka Ltd. Sri Lanka Insurance has also invested in the leisure sector with its investment in Sri Lanka Insurance Hotels & Spas. The company also holds the controlling stake in Lanka Hospitals Ltd. — a star class hospital equipped with the best medical practitioners and latest medical equipment providing expert medical care to the people of Sri Lanka.