Business
ComBank launches scheme with SLII to finance professional studies in Insurance
The Commercial Bank of Ceylon PLC has collaborated with the Sri Lanka Insurance Institute (SLII), the local body affiliated to the Chartered Insurance Institute of UK, to provide special education loans and easy payment plans to the Institute’s members, in support of their career aspirations.
Concessions offered to students of SLII by Commercial Bank include education loans with low interest rates that would finance up to 90% of the Institute’s course fees and special credit cards with the benefit of zero-interest easy payment plans. The Bank said it will also waive off handling charges and commission fees pertaining to these credit card easy payment plans.
The special education loans and easy payment plans will be applicable to courses such as the ‘Certificate in Insurance’ and ‘Diploma in Insurance’ in affiliation with the Chartered Insurance Institute (CII), UK. Credit card payments can also made for entry-level professional examinations including Foundation and Diploma courses offered by the SLII, the Bank said.
Commenting on this partnership between the Bank and SLII, Commercial Bank’s Group Chief Marketing Officer Mr. Hasrath Munasinghe said: “Commercial Bank has always been focused on contributing towards the growth and development of its customers as well as contributing towards the development of the country. By partnering with the SLII to launch this latest scheme to finance the professional studies in Sri Lanka relating to insurance, we not only hope to facilitate career development but also to contribute towards professional excellence in this sector.”
Commercial Bank partnered similarly with the University of Moratuwa last year to offer its postgraduate research students education loans with preferential interest rates and other benefits, and in 2020, joined hands with HCL Technologies Sri Lanka, the local arm of the multinational IT giant, to offer concessionary education loans to the company’s trainees and employees.
The Sri Lanka Insurance Institute was established to enhance professionalism in the practice of insurance in Sri Lanka and to develop the necessary human resources in insurance and other related financial services. The Institute provides insurance education in Sri Lanka, in collaboration with the Chartered Insurance Institute of UK (CII UK) and the Insurance Institute of India, and is authorised to conduct agency examinations on behalf of the Industry Regulator, the Insurance Regulatory Commission of Sri Lanka (IRCSL).
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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