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Monday, 17 June 2019 01:23 - - {{hitsCtrl.values.hits}}
Sri Lanka Insurance Corporation (SLIC) has declared the largest-ever life insurance bonus of Rs.7.6 billion for the year 2019 to its life insurance policyholders.
SLIC said the amount is also the largest life insurance bonus ever to be declared in the insurance industry of Sri Lanka. The latest move has brought the total life insurance bonuses paid to policyholders since 2006 to over Rs. 50 billion.
"With this outstanding achievement, Sri Lanka Insurance surpasses its own record of Rs. 6.8 billion life insurance bonuses declared in the year 2018 and is continuously setting new paradigms in the insurance industry," SLIC said in a statement
Sri Lanka Insurance, the pioneer of the insurance industry, has been declaring increasing bonuses to its life policyholders over the years, having given over Rs. 50 billion as life insurance bonuses since 2006.
Educating the Sri Lankan people of the importance of life insurance is an aspect Sri Lanka Insurance has held close to its heart from its inception. It is in the forefront of propagating the concept of life insurance to every corner of the country.
The trust Sri Lanka Insurance has earned from people of Sri Lanka is evident by the accolades it has received. SLIC is ranked the most loved insurance brand and the third most loved consumer brand in the country by Brand Finance.
Sri Lanka Insurance life insurance basket offers a range of life insurance plans to suit every stage and need of life in today’s competitive market environment.
Recording the largest life insurance fund of Rs. 105 billion, the company’s prudent investment management strategies and accumulating life fund have enabled the company to give higher returns to its policyholders.
The nations trusted insurer has achieved this extraordinary performance while reporting a significant growth of its assets base up to Rs. 197 billion, which is again the largest in the insurance industry. It has been upgraded in the Fitch rating to AAA (lka) for Long Term Financial Stability, making it the only insurance company in Sri Lanka to receive the AAA (lka) rating.
The company operates on the mission of being a customer-focused company which constantly innovates in providing insurance services to customers and strives to increase the dynamism and expertise of the overall operation of the company. It is also focused on the expansion of its branch network, which currently stands at 155 branches located islandwide for the convenience of its customers.
