Sri Lankans vote for Ceylinco Insurance as undisputed choice for 9th consecutive year

Friday, 10 April 2015 00:00 - - {{hitsCtrl.values.hits}}

Ceylinco Insurance – General Director/Deputy Chief Executive Officer Patrick Alwis accepting the award as Ceylinco Life Director Ranga Abeynayake looks on Sri Lankans young and old voted Ceylinco Insurance their undisputed choice yet again, by selecting Ceylinco as the ‘People’s Insurance Brand of the Year’, at the People’s Awards — 2015, for an unprecedented ninth consecutive time. Bestowed the honour of being the distinct leader in the Insurance industry in Sri Lanka once again, Ceylinco Insurance has not missed a beat since the commencement of the POP Award, as it is popularly called, winning every time, confirming its position at the very zenith, as the most preferred insurer, in the sphere of insurance in Sri Lanka. The Sri Lanka Institute of Marketing (SLIM), in association with Nielsen Lanka Ltd., recognises and honours brands that are closest to the hearts and minds of the Sri Lankan people. Since its inception nine years ago, in 2006, the concept of the People’s Award is unique, in that the Sri Lankan people voice their opinion, and that they are the primary and only source of deciding who the winners are across brands, organisations and personalities. Research criteria, followed over a period of six months, interviewed over 3,000 consumers, aged between 18 and 50 years. The random sample of people was taken from all provinces island-wide: undoubtedly one of the largest research projects in the country. Therefore, the results arrived at reflect the true voice of Sri Lankans from across communities, regions and social strata. During 2014, Ceylinco Insurance recorded a premium income of Rs. 24.2 billion, to which the General Division contributed Rs. 12.2 billion, with the Life Division contributing Rs. 12 billion. “We thank our staff for the undying support and commitment towards providing an exceptional service to our customers. We also thank our customers and the Sri Lankan public for selecting Ceylinco Insurance as their preferred choice. Winning the People’s Award is truly an honour that we must jointly accept, along with our customers and all Sri Lankans. It is not only the highest recognition in terms of corporate success, but also a measurement of the regard we are held in, in the public eye, and how intrinsically linked we are to the Sri Lankan people. Our customer need led innovations have continually fuelled our success, simultaneously fulfilling the requirements of the Sri Lankan populace. And our unmatched insurance solutions are delivered through our unsurpassed branch network, which spans the entire island, bringing us, inherently closer to our customers, which subsequently ensures our contianuing success story,” said Ajith Gunawardena, Managing Director/Chief Executive Officer of Ceylinco Insurance – General. “Ceylinco Life had sustained the market leadership for over a decade in the life insurance sector by the end of 2014. This could only have been achieved through the trust of hundreds of thousands of policyholders, who have chosen Ceylinco Life as their life insurance partner. Ours is a long term partnership built on a foundation of ethics, professionalism and commitment to the protection of our policyholders and their loved ones. It is no surprise therefore that we are the Peoples Insurance Brand of the Year once again,” said R. Renganathan, Managing Director/Chief Executive Officer of Ceylinco Life. Ceylinco Insurance, over the last two and a half decades, pioneered many innovations, shifting the insurance industry at large to a new paradigm, setting and redefining the benchmarks for service and products, ultimately benefiting the Sri Lankan people. Ceylinco Insurance, during the year 2014 alone, paid Rs. 10.9 billion, as claims and benefits. The unprecedented amount of money provided in lieu of claim settlement and benefits reflect the company’s continuing commitment to ensuring timely claim settlement to all customers, as Ceylinco Insurance has always maintained an undisputed and unsurpassed reputation for settling all claims ‘On The Spot’.