Ceylinco General and Ceylinco Life Insurance announce premium income of Rs. 27 billion
View(s):Premium income of Ceylinco General and Ceylinco Life reached Rs.27 billion for the year ended 31st December 2015 indicating an increase of Rs.2.8 billion or a growth of 11.7 per cent over the previous year, the company said. Ajith Gunawardena, Jt. Managing Director/Chief Executive Officer of Ceylinco Insurance PLC, announcing the results of Ceylinco General Insurance Ltd, has said that, “during 2015, the company recorded a premium income of Rs.13.5 billion (Rs.13,557 million), recording an impressive growth of 11.4 per cent, which signifies an increase of Rs.1.4 billion over the previous year. Last year’s performance was exceptional, and one of the best results recorded in the recent past”.
Elaborating on the life insurance company’s results, R. Renganathan, Jt. Managing Director/Chief Executive Officer of Ceylinco Insurance PLC was quoted in a company media release as saying, “Ceylinco Life Insurance Ltd achieved a premium income of Rs.13.4 billion (Rs.13, 456 million), recording an impressive growth of 12.1per cent, or Rs.1.4 billion over 2014. Our performance represents a consolidation of our leadership in the life insurance industry for the 12th consecutive year.”
Patrick Alwis, Managing Director of Ceylinco General Insurance Ltd has said, “Ceylinco General Insurance paid claims amounting to Rs.6.4 billion during 2015, providing full settlement of all genuine claims in the quickest possible time, signifying an increase year on year of 14 per cent in settled claims.” The Life Fund of Ceylinco Life Insurance posted net growth of Rs 8.9 billion or 14.8 per cent in the year reviewed to reach Rs 68.9 billion at the end of 2015. Benefits to policyholders totalled Rs 5.95 billion in 2015, a 21.7 per cent improvement over the previous year.