About Us

Sri Lanka Insurance is the only insurance company in Sri Lanka to be awarded AAA (lka) Fitch Rating.
Endorses the company’s Strong financial credentials and Capitalisation
Our Story

We are Sri Lanka Insurance Corporation, the largest state-owned insurer in Sri Lanka anchored to a pioneering legacy of financial stability and trust spanning over five decades.

Established in 1962 as a state owned corporation and the pioneer insurer in the country , Sri Lanka Insurance today manages an asset base of over LKR 211 billion which is the largest in the industry, the largest life insurance fund in the local insurance industry amounting in excess of LKR 116 billion, and a LKR 6 billion strong capitalization, making us one of the most secure and reliable insurance solutions providers in the country.

Our reputation of trust is founded upon a highly skilled and seasoned team of insurance experts manning a network of 158 branches across Sri Lanka, utilizing a rich and perfected technical knowledge base that is unrivaled to date in Sri Lanka. Over the decades, we have progressed from strength to strength with diversified interests and investments across many key industries such as banking & finance, healthcare, power & energy, travel & leisure as well as construction & engineering.

We have imbued a culture of financial independence in Sri Lanka, as we successfully continue the journey towards achieving our company’s overarching vision to be the trusted insurer to the nation.

Sri Lanka Insurance Corporation Ltd.
The Lanka Hospitals Corporation PLC51.34%
SLIC is the largest shareholder of Lanka Hospitals with 54.61% of shares. Lanka Hospitals is a public quoted company involved in providing healthcare services to the public.
Lanka Hospitals Diagnostics (Pvt) Ltd.100%
Litro Gas Lanka Ltd.99.94%
SLIC is the primary shareholder of Litro Gas Lanka with 99.94% shareholding. Litro Gas Lanka is the leading LP Gas importer and distributor in Sri Lanka.
Litro Gas Terminal Lanka (Pvt) Ltd.100%
Litro Gas Terminal is a fully-owned subsidiary of SLIC and is involved in storing LP Gas for domestic, commercial and bulk customers
Canowin Hotels and Spas (Pvt) Ltd.100%
A fully-owned subsidiary of SLIC, the Company owns and manages the rest-stop facility on the Southern Expressway that provides miscellaneous services to commuters who use the Expressway
Canwill Holdings (Pvt) Ltd.45.95%
SLIC has a 45.95% stake in Canwill Holdings (Pvt) Ltd., which is in the business of managing/ investing in hotel projects.
Sinolanka Hotels & Spa (Pvt) Ltd.100%
Helanco Hotels & Spa (Pvt) Ltd.100%
Management Services Rakshana (Pvt) Ltd.100%
Management Services Rakshana was set up as a fully-owned subsidiary to provide payroll management services for SLIC and is not involved in the provision of any services or products for the external market or external parties.
 
TOTAL ASSETS
2019
LKR 212 Bn.
2018
LKR 199,272 Mn.
 
FITCH RATING
2019
AAA(lka)
2018
AAA(lka)
PBT
2019
LKR 8,205 Mn.
2018
LKR 7,150 Mn.
TOTAL REVENUE
2019
LKR 48,609 Mn.
2018
LKR 44,380 Mn.
GWP
2019
LKR 33,794 Mn.
2018
LKR 31,738 Mn.
 
BONUS DECLARED
2019
LKR 8.2 Bn.
2018
LKR 7,697 Mn.
LIFE FUND
2019
LKR 117 Bn.
2018
LKR 105,459 Mn.
 
Vision

To be the Nation’s first choice for Risk Protection and Life Investment Optimisation

Mission

We provide risk protection and life investment optimisation, that will deliver value to our customers through a team of committed professionals, whose contribution we recognise and value leading to superior shareholder value, whilst being a responsible corporate citizen

Quality Policy

Sri Lanka Insurance is committed to satisfy customers & interested parties through continual improvement in indemnifying the insured.

We provide a framework for establishing quality objectives and to review them periodically through effective communication, training, motivation and understanding of all employees within the organization.

Why SLIC

The financial stability of Sri Lanka Insurance Corporation, and our well-established repute as a state-owned company with the most experienced technical knowledge base in the industry, delivers reliable and long-term investment solutions for individual and business liabilities.

We lay claim to a staggering asset base of over LKR 211 billion backed by the largest life insurance fund in Sri Lanka amounting in excess of LKR 116 billion, affording us the opportunity to declare the largest bonus (LKR 8.2 Billion) in the history of the insurance industry in Sri Lanka. We guarantee a substantially larger bonus for all life policyholders from the very first year, calculated based on total sum assured rather than premium payment. Backed by world renowned reinsurance companies such as Unique Reinsurance and Swiss Re, we made yet another industry first with the largest claim ever to be paid in Sri Lanka of LKR 39.5 billion.

Sri Lanka Insurance Corporation is the only insurance company in Sri Lanka to receive AAA (lka) National IFS Rating by Fitch Ratings for strong financial stability. We are also the only insurance company to be awarded the ISO 9001: 2015 Quality Management Certificate for our internationally benchmarked Quality Management principles including strong governance and continual improvement across our network of 158 branches in Sri Lanka.

History
1962 – Establishment of Sri Lanka Insurance Corporation
2001 – Largest claim ever paid LKR 39.5 billion to Bandaranaike International Airport following a terrorist attack
2003 – Conversion to a private limited liability company
2009 – Reinstated as a nationalized entity
2019 – Becomes first and only insurance company to receive AAA(lka)