Sri Lanka Insurance declares highest ever bonuses

Sri Lanka Insurance, in a landmark event in the local insurance industry, has declared a life bonus of Rs 930,000,000 for 2006, saying it’s the highest ever in the country.

“This is ample evidence of the company’s commitment to providing the highest returns while protecting its over 458,000 policyholders,” a company statement said. Nalaka Godahewa, CEO, Sri Lanka Insurance said, “In order to declare a significant life bonus an insurance company requires a matured life fund to break even with the large sum of expenses incurred yearly but Sri Lanka Insurance has been successful in expanding the life fund over the years to the largest in Sri Lanka with annually declared bonuses. At Sri Lanka Insurance the bonus is calculated on the sum assured and based on the time span of the policy, customers receive tremendous benefits.”

Sri Lanka Life strongly believes that every individual should invest in life insurance since this provides a dependable fall back plan which safeguards families and equips them to deal with the result of unforeseen disasters.