Reply To:
Name - Reply Comment
Last Updated : 2024-04-27 00:40:00
V.K. Sharma, Chairman LIC of India and Chairman, LIC (Lanka) Ltd. accompanied by Hemant Bhargava, M.D. of LIC of India and Director, LIC (Lanka) Ltd. are in Colombo to attend the 49th Board Meeting of LIC (Lanka) Ltd.
LIC of India is celebrating its diamond jubilee in India and is the largest insurer in the world in terms of policies and has more than 300 million policies in India.
Sharma has taken over charge as Chairman LIC (Lanka) Ltd. with effect from 15th December 2016 and Bhargava has been appointed as a Director in the company from 24th April 2017.
LIC (Lanka) Ltd. is a joint venture company between LIC of India and Bartleet Group of Companies. Eraj Wijesinghe, the Chairman of Bartleet Group is another Director of LIC (Lanka) Ltd. Sharma and Bhargava will be attending the Board Meeting of LIC (Lanka) Ltd. besides other engagements and appointments.
J. Sen, CEO and MD, LIC (Lanka) Ltd. said that the company did exceedingly well in the last financial year and grew by almost 56 percent in First Premium Income and 24 percent in Gross Written Premium - being one of the top growing Life Insurance companies in Sri Lanka.
The asset base of the company has exceeded Rs.2.3 billion and the entire investment of the company is in Sri Lanka. LIC (Lanka) has got 30 branches all over the Island and has employed more than 100 employees and 1900 marketing personnel for providing value added service to the customers.
Sen further added that in the current year too the company has been growing by more than 102 percent in First Premium as to-date and the business performance of the current year shows the trust reposed on the company by the customers in Sri Lanka.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
26 Apr 2024
26 Apr 2024