Denemek ALTIN - Özgür

Sri Lanka Insurance Life Declares Industry's Largest Bonus of Rs. 12.5 Billion to Policyholders

Daily FT

|

July 17, 2025

Unmatched track record with cumulative bonus declarations surpassing Rs. 116.6 Billion since 2006

Sri Lanka Insurance Life (SLICLL), reinforcing its position as the strongest and most trusted life insurer in the country, has once again set an industry benchmark by declaring an unprecedented Rs. 12.5 Billion bonus to its policyholders for the year 2024, the highest annual Life Insurance bonus in the Sri Lankan Life insurance industry.

This declaration brings the cumulative bonus paid to policyholders since 2006 to a remarkable Rs. 116.6 Billion, further solidifying Sri Lanka Insurance Life's unbroken record of delivering the highest bonus year after year.

In a year marked by evolving economic dynamics, Sri Lanka Insurance Life demonstrated unwavering resilience and financial stewardship. The company's asset base grew to Rs. 238.6 Billion, while it continues to maintain the largest Life Insurance fund in the industry at Rs. 213.2 Billion. On average, over Rs. 1 Billion in maturity and claims are settled monthly, totaling approximately Rs. 12.9 Billion annually in addition to the annual bonus, underscoring the company's sound investment management strategies and its unrelenting commitment to policyholder protection.

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

GCF Round 2 of Research Grants today

THE Gamani Corea Foundation (GCF) will present Round 2 of the GCF Research Grants Awards on 18 December at the BMICH, marking the second successive grant award scheme conducted by the Foundation.

time to read

1 min

December 18, 2025

Daily FT

Daily FT

Govt. repatriates 25 Lankans rescued from cybercrime centres in Myanmar

THE Embassy and Permanent Mission of Sri Lanka in Bangkok, in close collaboration with the Sri Lanka Foreign Affairs, Foreign Employment, and Tourism Ministry and the Embassy of Sri Lanka in Myanmar, has successfully facilitated the rescue and repatriation of 25 Sri Lankan nationals who had been trafficked in cybercrime centres in Myawaddy, Myanmar.

time to read

1 min

December 18, 2025

Daily FT

Daily FT

David Pieris Group expands global footprint with investment in Dubai-based Navire Logistics

THE David Pieris Group continues to strengthen its international presence with the acquisition of 50% ownership in Navire Logistics Services L.L.C, a reputed logistics company based in Dubai and Oman.

time to read

1 mins

December 18, 2025

Daily FT

Sri Lankan players in ILT20 required to return home

SRI Lanka Cricket (SLC) has requested its national players currently participating in the International League T20 (ILT20) tournament in the United Arab Emirates (UAE) to return to the country by 20 December, despite having earlier granted permission for them to compete in the League until early January.

time to read

1 min

December 18, 2025

Daily FT

Senthilverl exits Maharaja Foods; Yaden enters

HIGH net-worth investor Dr. T. Senthilverl has exited from Maharaja Foods PLC whilst Yaden Capital has entered the company with a 10% stake.

time to read

1 min

December 18, 2025

Daily FT

WindForce commissions rooftop solar PV project in Maldives

WINDFORCE PLC yesterday announced that the 432.2 kWp rooftop solar photovoltaic (PV) power project at Joy Island, Kassanfushi, Kaafu Atoll Maldives, was successfully commissioned on 13 December.

time to read

1 min

December 18, 2025

Daily FT

Daily FT

Govt. says Rs. 500 b post-Ditwah spending plan within 2026 borrowing limits

Parliament to consider Rs. 500 b Supplementary Estimate for 2026 at special sitting today Supplementary allocation to increase primary expenditure from Rs. 7.16 t to Rs. 7.66 t Rs. 100 b allocated for housing, Rs. 250 b for infrastructure, Rs. 150 b for livelihoods Finance Deputy Minister Dr. Anil Jayantha Fernando says move well within Govt.'s fiscal space Funding comes from reallocated capital spending, excess revenue, Treasury funds and aid Assures additional spending kept within 2026 debt ceiling of Rs. 3.74 t Projects 5% GDP growth for 2026 Revenue agencies exceed targets by Rs. 400 b, containing budget deficit despite relief spending

time to read

3 mins

December 18, 2025

Daily FT

Govt. confident of securing $ 200 m RFI from IMF

THE Government yesterday expressed confidence in securing $ 200 million from the International Monetary Fund (IMF) under the Rapid Financing Instrument (RFI), as it moves to manage urgent foreign exchange needs following the devastation caused by Cyclone Ditwah, whilst keeping its broader debt restructuring program on track.

time to read

2 mins

December 18, 2025

Daily FT

Daily FT

Budget 2026: Parliament and public deprived of real numbers

THE constitution anticipates that the Sri Lankan Parliament “shall have full control over public finance”.

time to read

3 mins

December 18, 2025

Daily FT

Daily FT

Sri Lanka Ambassador launches Ceylon Biscuits Company products in Saudi Arabia

Sri Lanka's exports to Kingdom of Saudi Arabia achieves 19% growth from January to September 2025; bilateral trade up 9%, CBL-Amalcom collaboration is expected to contribute to a further increase in Sri Lankan exports to Saudi Arabia

time to read

2 mins

December 18, 2025

Listen

Translate

Share

-
+

Change font size