Business
Best in Class Innovation from Janashakthi Life
Short Term premium payment and Long Term protection – ‘Janashakthi Flexipay’
Upholding its vision to provide protection and security for its policyholders, Janashakthi Insurance PLC has launched Janashakthi Flexipay, a short-term premium payment product which provides long-term protection to policyholders and their families. This unique solution is ideal for individuals who are not comfortable investing in long term financial commitments.
Having understood this need, Janashakthi Life introduced a policy whereby the customer can pay off their total premium within 3-5 years of the policy and receive coverage for upto 40 years. Customer has the flexibility to customize their own policy by adding the protection & health covers as desired, making this the most attractive and complete life insurance product at offer, to cater to the long-term insurance needs of the customer. Janashakthi Flexipay can also be packaged with many other life insurance benefits such as critical illness, hospitalization coverage and many more.
“Flexipay has been designed as a solution for customers who finds it challenging to commit to long term investments. Through this product, we have successfully eliminated the hassle of life long premium payments. Janashakthi Flexipay was able to mark itself as a successful product, by the popularity received with only after few days of being launched to the market – further confirming our values and commitments of being a customer-centric life insurance company. Flexipay is yet another addition to our innovative product portfolio that meets the evolving needs of the people, with this launch Janashakthi Life is demonstrating its true spirit of innovation and further support to strengthen the life insurance product portfolio.” commented Ravi Liyanage, Director / CEO of Janashakthi Insurance PLC.
Janashakthi has successfully introduced many ground-breaking products in the recent past, including Janashakthi Covid Guard, specifically designed to provide much-needed financial support during the pandemic and which includes coverage for COVID-19 related death, accidents, loss of income due to being hospitalized/quarantine in a government authorized facility and also, coverage for being admitted in the ICU due to COVID-19 and Life Unlimited, which provides lifelong hospitalization insurance. Janashakthi Good Health Global Health Passport is yet another addition to the growing portfolio of products where it provides customers with international hospitalization coverage, whether it be a planned hospitalization with prior Janashakthi approval or an emergency hospitalization while travelling abroad.
Janashakthi provides a range of Life Insurance solutions and services that cater to different stages of the life cycle of an individual, from childhood to retirement including educational needs, savings and investments, health requirements and mortgage protection. The company’s insurance products are backed by technology – leveraging on the company’s digital transformation strategy for growth. A range of functions from customer onboarding, premium payments, policy performance, premium receipts, claim management, policy servicing and swift communication have been digitalised. The Janashakthi Life App too was launched as an interactive self-service insurance mobile app to provide efficient and reliable seamless user experience. Moreover, Janashakthi Life continues to strengthen its digitalization drive through the introduction of multiple ways of paying premiums through online platforms and bank transfers.
Committed to improving equitable access to its products and services, Janashakthi Insurance continues its branch expansion drive, with a network of 75 branches across the country. The company’s sales force serves communities with professionalism, resulting in as many as 108 sales personnel qualifying for the internationally reputed Million Dollar Round Table in 2021.
As an innovator and pioneer in the Life Insurance industry, Janashakthi Insurance PLC is bringing to life its purpose of empowering dreams and uplifting the lives of the people of the nation.
Business
Sri Lanka worthy of being ranked as the world’s top holiday spot – cricketing great Wasim Akram
Pakistani cricketing legend Wasim Akram said Sri Lanka is the best tourist destination and is worthy of being ranked the world’s top holiday spot. ‘The island’s natural beauty and my decades-long connection with the country, are factors that enhance Sri Lanka’s value, he explained.
Speaking at a Softlogic Life investor forum in Colombo last Tuesday Akram said Sri Lanka remained one of his favourite destinations despite having traveled extensively around the world.
Akram who captained the Pakistani national cricket team and was celebrated as Softlogic Life’s brand ambassador said filming the company’s latest television commercial gave him another opportunity to experience some of the country’s most scenic locations, including Galle and the central highlands.
Akram said Sri Lanka’s landscapes, rivers and coastline were among the most beautiful he had beheld during his travels and expressed surprise that the country was not already considered one of the world’s leading tourism destinations.
Having first visited Sri Lanka as a teenager in 1985, Akram said he had returned numerous times over the years as a player, commentator and tourist. He added that he plans to continue visiting the island regularly and hopes to explore more of the east coast in the future.
Softlogic Life had impressive growth last year and is looking forward to introducing new life insurance products to the local market considering the increasing the aging population in Sri Lanka.
By Hiran H. Senewiratne
Business
Veenath Indrajith from the University of Sri Jayewardenepura wins the 2026 Saman Kelegama Memorial Research Grant
Veenath Indrajith, a fourth-year undergraduate from the Department of Business Economics at the University of Sri Jayewardenepura, has been selected as the winner of the Saman Kelegama Memorial Research Grant for 2026. Indrajith’s academic and professional interests lie in economics, finance, investment, and policy-oriented research. In addition to his undergraduate studies, he is currently pursuing the Chartered Accountancy qualification in Sri Lanka, demonstrating a strong commitment to analytical rigour and professional excellence. He aspires to contribute to evidence-based policymaking through applied economic research.
Indrajith’s research study, titled “Small Vehicle Businesses and Household Investors Using the Second-Hand Car Market as an Alternative Investment Method in the Colombo District of Sri Lanka,” will adopt a qualitative research approach to explore the motivations, experiences, perceived returns, and risks associated with investing in used vehicles. By analysing household-level decision-making and investment behaviour, the research aims to shed light on a relatively underexplored area of Sri Lanka’s alternative investment landscape. The findings are expected to provide valuable insights for policymakers, particularly in relation to financial literacy, household investment strategies, and the development and regulation of alternative investment markets in Sri Lanka.
The Saman Kelegama Memorial Research Grant, established in 2018, honours the legacy of the late Dr. Saman Kelegama, former Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), whose work significantly shaped public policy discourse on socio-economic development in Sri Lanka and the broader South Asian region. The grant is awarded annually to an outstanding undergraduate student from a Sri Lankan university, with the aim of encouraging innovative, policy-relevant research and nurturing the next generation of policy thinkers. As part of this grant, Indrajith will receive training and mentoring from IPS senior researchers to complete the proposed study.
Business
Delmege Consumer partners with Daraz
Delmege Consumer, the flagship FMCG cluster of the Delmege Group, has evolved into one of Sri Lanka’s most trusted household names, building lasting relationships with communities across the island through a diverse portfolio of quality products that have become an integral part of consumers’ everyday lives for generations. Renowned for enriching households with Delmege’s own brands, leading local brands, and world-renowned international brands, the company continues to strengthen its presence, reputation, and connection with consumers nationwide.
A key strength of the FMCG cluster lies in the strong and enduring partnerships it has cultivated with suppliers, enabling the company to establish a responsive, time-sensitive, and mutually beneficial distribution network that has made a significant impact across Sri Lanka. Through its extensive reach and customer-focused approach, Delmege Consumer serves retail, wholesale, HoReCa, export, and modern trade channels, supported by flexible channel management strategies and winning consumer-centric propositions that cater to evolving market needs.
Further strengthening its distribution network and expanding its digital footprint, Delmege Consumer has partnered with Daraz, Sri Lanka’s leading e-commerce platform, to offer customers a more convenient, seamless, and accessible way to purchase its extensive range of FMCG products online.
Commenting on the partnership, Anil Meegahage, CEO of Delmege Consumer, stated:
“At Delmege Consumer, we are committed to innovation, continuously strengthening our product portfolio, and enhancing customer convenience and experience. Our partnership with Daraz enables us to serve customers across the country more efficiently by providing them with an easy, secure, and reliable platform to purchase trusted Delmege FMCG products online.”
Adding further, Baratha Piyadigama, Head of Group Marketing, Delmege, said:
“This partnership with Daraz marks another important milestone in our journey to enhance brand positioning, visibility, and awareness, especially at a time when digital and online commerce continue to gain significant momentum. As one of Sri Lanka’s leading FMCG distributors, we are proud to extend our trusted portfolio of products into the digital space through Daraz, ensuring customers across the island can conveniently access their favourite products with just a few clicks.”
Delmege’s extensive FMCG portfolio includes well-known Delmege branded products such as Canned Fish, Hiru Kahata Tea, Delmege Soya, Flavours and Colours, Delmege Pasta,
Delmege Noodles, and Salt, together with the much-loved Motha range of dessert ingredients, beverages, and mixes. The company also represents globally renowned international brands including Kellogg’s cereals such as Corn Flakes, Muesli, and Oats; Pringles; and the Ferrero portfolio featuring Ferrero Rocher, Nutella, Kinder Joy, and Tic Tac. Through its diverse and trusted brand portfolio, Delmege Consumer continues to reinforce its position as one of Sri Lanka’s leading FMCG companies.
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