SLIC offers Rs. 1 m free life cover to parents of children born on World Children’s Day 2025

Senior Management of SLIC Life symbolically handing over a Free Life Cover of Rs. 1 m to a parent whose child was born on 1 October 

• SLIC provides free life cover worth Rs. 1 m for parents of every child being born on 1 October island-wide
• The program was carried out island-wide, covering all hospitals on 1 October taking the message of Life insurance to everyone

In celebration of World Children’s Day 2025, Sri Lanka Insurance Life (SLIC Life) has extended a Rs. 1 million free life insurance cover to the parents of every child born on 1 October, across the island. Now in its fourth consecutive year, the initiative reflects SLIC Life’s mission to provide financial protection to families at crucial moments while reinforcing the value of life insurance as a safety net.

This free life cover provides parents of newborns with vital financial security during uncertain times, helping families lay a stable foundation for the future. On 1 October, SLIC Life implemented the program nationwide, covering every hospital in Sri Lanka to ensure parents across the country benefitted from this unique offering.

Launched in 2022 as part of SLIC Life’s Corporate Social Responsibility (CSR) program, the project was designed to protect the future of the nation’s children by supporting their parents. The positive response and impact on families over the past three years inspired SLIC Life to continue the initiative, which has since grown into one of the company’s most meaningful annual CSR efforts. As the national Life Insurer, SLIC Life is dedicated to uplifting the communities it serves. Its CSR agenda spans child education, community development, and cultural preservation, contributing to the long-term sustainability of Sri Lanka and strengthening the well-being of its people.

To celebrate the initiative, a special event was held at Castle Street Hospital for Women, Colombo, on 1 October, where representatives of SLIC Life joined hospital staff and families in marking this milestone. The gathering emphasised the importance of life insurance in securing brighter futures for children and their families.

SLIC Life’s commitment to children and education is deeply embedded in its CSR strategy. Recently, the company was honoured with the Excellence in CSR Award at the Sri Lanka Leadership Awards, acknowledging its sustained contributions to education and community welfare. A flagship initiative, ‘Pasal Piriyatha Surakimu’ launched in 2007, has benefitted over 3,365 underprivileged schools with classroom refurbishments, water facilities, libraries, and learning resources. In May 2025 alone, SLIC Life revitalised 100 schools simultaneously, showcasing its large-scale commitment to education. Complementing this effort, the ‘Suba Pathum Scholarship Program’ has since 2014, awarded over 2,200 scholarships worth more than Rs. 240 million to children of policyholders excelling in national examinations, including 225 scholarships in 2025.

Beyond CSR, SLIC Life continues to introduce insurance solutions designed to safeguard children’s futures. The ‘Minimuthu’ range offers tailored plans to support education and aspirations, while the ‘School Fee Protector’ plan ensures children’s studies continue uninterrupted even in times of financial difficulty.

SLIC Life recognises that children are the foundation of the nation’s future. By offering a Rs. 1 million free life cover to parents of newborns on World Children’s Day, the company demonstrates how insurance provides essential protection throughout life’s journey. Through this program and other initiatives, SLIC Life has set a benchmark for the industry, highlighting the importance of financial security for families. With children at the heart of its mission, the company remains committed to creating a brighter, more secure future for all Sri Lankans.