SLICLL declares industry’s largest bonus of Rs. 12.5bn to policyholders

Sri Lanka Insurance Life (SLICLL) 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.

Central to this success is SLIC Life’s customercentric approach, which continues to guide the company’s strategic priorities. With an acute understanding of evolving market needs, the company introduced several relevant and timely insurance solutions in 2024. 

‘Medi Champ’, a multi-generational, affordable health cover, provides comprehensive benefits including global hospitalization, OPD cover, and premium waivers. Meanwhile, ‘Value Max’ offers fast-track returns for customers seeking short-term investment-linked protection.

Going beyond insurance, SLIC Life constantly strives to add meaningful value to its customers. The enhanced Life Loyalty Rewards program ensures long-term policyholders enjoy a host of exclusive benefits and discounts throughout their policy journey. 

The company also continues to push boundaries in digital transformation, investing in advanced technology platforms to simplify insurance access, enhance customer convenience, and deliver superior service experiences.

At the heart of SLIC Life’s promise, captured in its positioning ‘Like a Father, Like a Mother’, is a commitment to empathy and care, values that extend beyond business to the broader community.