SLIC declares highest ever Rs 9.8B life insurance bonus

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Total bonus declaration for Life Policyholders since 2005 tops Rs 83 billion Sri Lanka Insurance declares the largest life insurance bonus ever to be declared in the country amounting to a staggering Rs 9.8 billion for the year 2021 to its life insurance policyholders.

The 2021 bonus declaration increases the total of life insurance bonuses declared to policyholders since 2005 to Rs 83 billion. Further, enhancing the flexibility to adapt to the present environment, all bonus certificates have been issued through digital platforms via SMS, email and the SLIC Mobile App which is available on Apple App Store and Google Playstore.

With the outstanding declaration, Sri Lanka Insurance has upheld the trust placed by the policyholders as the strongest insurance provider in Sri Lanka despite the difficulties the country is experiencing due to the Covid-19 pandemic and the current stringent economic and social conditions, a spokesman said.

Recording the largest life insurance fund of Rs152 billion, the company’s prudent investment management strategies and accumulating life fund have enabled the company to give higher returns to its policyholders.

Sri Lanka Insurance has achieved this extraordinary performance while reporting significant growth in its assets base to Rs 268 billion, which is again the largest in the insurance industry that affirms the strength and stability of the insurance giant.

 In the year 2021, Sri Lanka Insurance reported a 14.1 % growth in life insurance premiums increasing to Rs 21.9