Friday Aug 29, 2025
Friday Aug 29, 2025
Monday, 25 August 2025 04:32 - - {{hitsCtrl.values.hits}}
Sri Lanka Insurance Life (SLIC Life) on Friday said it had recorded a Gross Written Premium (GWP) of Rs. 15.4 billion in the first half of 2025, a 32% increase from a year earlier.
“The company achieved New Business premiums of Rs. 3.6 billion, representing an exceptional 68% year-on-year (YoY) increase, one of the strongest half-year performances in the industry,” SLIC Life said in a statement.
SLIC Life disbursed Rs. 8.5 billion in claims and maturity settlements during the six months ending 30 June 2025, averaging Rs. 1.4 billion per month. These figures reaffirm the company’s financial strength and reliability, positioning it as a trusted partner in safeguarding the future of millions of Sri Lankans.
With an asset base of Rs. 253.2 billion and the largest life fund in the industry at Rs. 228.4 billion, SLIC Life continues to demonstrate unmatched financial stability and long-term resilience.
The company said it recently declared a record Rs. 12.5 billion bonuses for 2024, the largest annual bonus declaration in the Sri Lankan life insurance industry. This brings the cumulative bonuses declared since 2006 to Rs. 116.6 billion, underscoring the company’s strength in delivering consistent long-term value to policyholders.
Beyond its financial achievements, SLIC Life has once again been recognised as Sri Lanka’s ‘Most Loved Life Insurance Brand’ by LMD for the eighth consecutive year, a testament to the trust and emotional connection the company has built with its customers through consistency, empathy, and service excellence. This recognition further strengthens the company’s standing as the insurer of choice in the country.
Staying true to its brand promise ‘Like a Father, Like a Mother,’ SLIC Life extends its commitment beyond insurance, touching lives through impactful social responsibility initiatives across the nation. The long-running ‘Suba Pathum’ scholarship program, launched in 2014 for children of policyholders, has awarded over 2,200 scholarships worth more than Rs. 240 million to date, empowering students to pursue academic excellence.
Complementing this, the ‘Pasal Piriyatha’ initiative, commenced in 2007, has improved infrastructure in 3,365 underprivileged schools, uplifting educational standards and creating better learning environments for thousands of children.
To commemorate World Children’s Day, the company continues its unique tradition of providing a Rs. 1 million free life insurance cover to the parents of every child born on 1 October across all hospitals in Sri Lanka.
