Business
Invest in a peaceful retirement with Life Insurance
Life is a beautiful journey – but often unpredictable, as events outside our control can derail the best-laid plans. While we may have no influence over many of these major life events, we can definitely protect our loved ones and ourselves by using insurance both as protection against emergencies and as an investment. With increased life expectancy, people are leading longer lives, but unfortunately after retirement there is no security of a monthly income. This is where insurance kicks in – as it ensures financial independence to enjoy your preferred lifestyle while protecting you against unforeseen circumstances such as medical emergencies which are usually unavoidable in old age.
Moreover, having Life Insurance can give peace of mind to your family members and help minimize the financial impact in case of serious illnesses or the policyholder’s untimely demise. In addition, insurance retirement plans offer income replacement, as in the event of the policyholder’s death, Life Insurance can provide financial benefits as lump-sum or regular instalments which will ensure your loved ones will get to enjoy the lifestyle you envisioned for their future without hassle.
Also the strong financial security provided by insurance ensures one can enjoy the same lifestyle even after retirement, and without compromising on life goals such as travel and lifestyle expenses. Therefore, the best time to decide on a long-term life insurance plan is when an individual is at the prime of life so that you are rest assured that you have provided wisely for your retirement. It is important to invest at a young age where the premium one has to pay is way less oppose to starting a retirement plan at an older age. Depending on the age and medical conditions the premiums will differ and in most cases it will be higher.
Sound retirement plans can help to plan out your post retirement life as it should be after years of working hard for your loved ones as they can provide policyholders with a monthly income to be financially independent alongside Health and other benefits. Customers have the option of adding covers such as critical illness coverage, extended permanent disability benefits due to accidents, family protection benefits, and many more to their retirement plans
There are numerous retirement plans in the market which are made available by the Life Insurance companies in Sri Lanka. Insurance Association of Sri Lanka (IASL) reiterates the importance of having a Life Insurance plan for every individual from all walks of life and therefore invites all citizens to study the available plans and select the most suitable plan which will provide benefits for a peaceful and enjoyable retirement.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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