Tuesday Aug 25, 2026
Tuesday Aug 25, 2026
Monday, 24 August 2026 04:59 - - {{hitsCtrl.values.hits}}
The Insurance Regulatory Commission of Sri Lanka (IRCSL), in collaboration with the Foundation for the Advancement of Life and Insurance Around the World (FALIA), Japan, and the Insurance Association of Sri Lanka (IASL), is pleased to announce the launch of the National Essay Competition on Life Insurance for School Children – Sri Lanka 2026.
The competition is organised with the support of FALIA, Japan, an international non-profit organisation dedicated to promoting financial literacy and advancing public understanding of life insurance through education, research, and international collaboration.
The initiative “Inspiring Young Minds: Securing Tomorrow.” focuses on empowering school children with essential financial knowledge by promoting awareness of life insurance, the importance of preparing for future financial needs, and the value of making informed financial decisions.
The competition has been designed to encourage school children to think critically about family financial protection, long-term financial planning, risk management, and economic stability while strengthening their writing, analytical, and communication skills.
The competition is open to school children from government, private, and international schools across Sri Lanka and will be conducted in Sinhala, Tamil, and English.
Age Categories and Eligibility
The essay competition will be conducted under two age categories,
Junior Category (13–16 years): Children should have been born between 1st January 2010 and 31st December 2013.
Senior Category (17–19 years): Children should have been born between 1st January 2007 and 31st December 2009.
Registration is open until 30 September 2026. Before registering, applicants are advised to carefully read the registration instructions, have their school information and parent or guardian contact details ready, select their preferred examination district, and provide a valid email address and mobile number.
The essay competition will be conducted as a supervised examination in the month of October 2026 at designated examination centres across all 25 districts of Sri Lanka. Participants will be required to answer one essay question selected from four questions provided on the day of the examination. The maximum examination duration will be 01 hour and 30 minutes.
Participation is completely free of charge, ensuring children from all parts of the country have an equal opportunity to participate.
School children are encouraged to prepare for the competition by developing an understanding of key concepts related to life insurance as a tool of financial planning, providing family financial protection, ensuring financial security, replacing lost income, supporting long-term savings, planning for future needs, managing financial risks, contributing to economic stability, enhancing household well-being, and helping individuals achieve their life goals. On the examination date, participants will be required to write an essay based on a specific question designed around these concepts.
The competition offers attractive cash prizes for National Award Winners both Junior and Senior categories: First Place: Rs. 75,000; Second Place: Rs. 50,000 and Third Place: Rs. 25,000.
In addition, 144 District Merit Award winners will be selected across all 25 districts under both categories, with each recipient receiving a cash prize of Rs. 5,000.
National winners and District Merit Award recipients will receive printed certificates, while every participant will be awarded an official e-certificate in recognition of their participation.
Parents, teachers, and school principals are warmly invited to support this national initiative by encouraging eligible school children to participate and prepare for the competition. Their guidance and encouragement will help children enhance their understanding of financial planning and the important role of life insurance in securing their future.
