Connect with us

Business

Janashakthi exceeds global standards in Life Insurance, over 100 MDRT qualifiers

Published

on

Janashakthi Life MDRT - TOP OF THE TABLE Qualifiers 2021 (L to R) P. Rambithvajan, K .Colambage, S. Singhaarachchige, S. Jayawardane & S. Thilakshana

Highlighting the stellar quality of its sales team, Janashakthi Insurance PLC has created history by having as many as 108 sales team members qualify for the MDRT (Million Dollar Round Table) within a single year in 2021, a testimonial to the company’s successful products and services approach.

This outstanding achievement marks a significant milestone for Janashakthi as 108 MDRT members is the highest the company has ever produced within 12 months as compared to 27 MDRT qualifiers within a year in the past. The MDRT qualifiers from Janashakthi consist of 1 Life member, 5 Top of the Table members, 9 Court of the table members and 93 qualifiers. Janashakthi Insurance’s sales teams maintain a strong professional reputation and a high level of work ethic and commitment to excellence. MDRT, as per the United States membership criteria, is the highest international recognition bestowed upon insurance sales personal in the world.

“Achieving 108 MDRT qualifiers within a single year is a huge achievement and we at Janashakthi are extremely proud at the effort made by the sales team. This milestone has raised the bar not only for us, as the leading insurer, but for the entire insurance industry to follow. As the premier insurer, we will consolidate this achievement to increase the number of MDRT qualifiers year on year. Our commitment to empower our sales force with best-in-class training and focused career progression inspires them to give of their best in every customer interaction to further enhance customer experience. We are even prouder of this recognition because it has been achieved amidst pandemic induced economic challenges. This milestone also reflects that our insurance solutions resonate with the people of the nation. Janashakthi Insurance remains committed to touching lives across the country, led by our world-class sales teams,further I am happy to note the Company has achieved 5 Top of the Table qualifiers where they have reached six times the minimum MDRT criteria enriching the captioned achievement much grandeur.” said Ravi Liyanage – Director/ Chief Executive Officer of Janashkthi Life.

Janshakthi Life established the Janashakthi MDRT Winning Club for the year 2021 which was launched in the 1st quarter with the objective of producing 100 MDRT qualifiers for the year 2021. This initiative was further strengthened by integrated training and mentoring programmes to drive a performance culture that empowered and groomed the sales team through a series of workshops.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Agrahara MoU renewed for the wellbeing of public sector workforce

Published

on

Suwasevana Hospital in Kandy renews its three-year MoU with the National Insurance Trust Fund

Suwasevana Hospital in Kandy has renewed its three-year Memorandum of Understanding with the National Insurance Trust Fund (NITF), continuing its role as a healthcare provider for government employees under the Agrahara scheme.

The agreement, signed on January 6, 2026, extends a suite of financial benefits to public sector workers. These include free admission, free OPD consultations, a 20% discount on room rates, and 10% discounts on various laboratory, radiology, and cardiology investigations.

Srimath Walivita of Suwasevana stated the renewal strengthens practical, cost-saving support for beneficiaries. The partnership aims to enhance access to quality healthcare for Sri Lanka’s public sector workforce.

Continue Reading

Business

ComBank, UnionPay launch SplendorPlus Card for travelers to China

Published

on

Sanath Manatunge, Managing Director/CEO of Commercial Bank and Dong Junfeng, Chairman of China UnionPay and UnionPay International, at the signing of the agreement.

Commercial Bank of Ceylon, in partnership with UnionPay International, has launched the UnionPay SplendorPlus Card, a premium credit card designed to provide Sri Lankan travelers with a cost-efficient and seamless payment experience in mainland China.

The card offers a guaranteed 1% cash rebate on eligible purchases in China, along with instant discounts at select hotel groups including IHG and Marriott, enhanced airport lounge access, and savings on major Chinese e-commerce platforms. These benefits address the needs of travelers navigating China’s digital payment ecosystem.

Commercial Bank’s CEO, Sanath Manatunge, stated that the card reflects the bank’s commitment to delivering advanced payment solutions for a globalizing customer base and strengthens its leadership in Sri Lanka’s card market.

The launch underscores UnionPay International’s strategic focus on Sri Lanka and enhances Commercial Bank’s portfolio of travel-focused financial products, particularly as China grows as a key destination for Sri Lankan business and leisure travel.

Continue Reading

Business

Flagship Colombo terminal held back by equipment tender failures

Published

on

The Colombo East Container Terminal (CECT), Sri Lanka’s flagship port project under the Sri Lanka Ports Authority (SLPA), remains unable to reach full operational capacity, more than four years after construction began, industry insiders say. Despite near-complete infrastructure and a strategic vision to bolster Sri Lanka’s position as a regional maritime hub, the terminal is paralyzed by a single missing component: straddle carriers, essential machines for moving containers between ships and yard storage.

“The terminal is essentially ready. Quay cranes, yard cranes, automation systems, and supporting infrastructure are all in place. Only straddle carriers are missing, and without them, full-scale operations are impossible,” Tharanga Jayasinghe, President of the Port Finance Divisional Independent Employee Association, told journalists.

Addressing a press conference held in Colombo Jayasinghe said that the delay is not due to employee performance. “SLPA staff have delivered outstanding results at the Jaya Container Terminal and partial operations at CECT. The responsibility to bring CECT fully on track now lies squarely with SLPA management and the authorized decision-makers overseeing this strategic national investment.”

Since 2021, the procurement of straddle carriers has gone through five tender attempts, each canceled or revised, resulting in significant lost time. Early tenders focused on leasing the machines, then on diesel-powered carriers, before SLPA made a strategic shift to hybrid straddle carriers, in line with CECT’s green terminal vision and international shipping standards.

Despite this shift, delays have persisted due to what employees describe as “questionable technical decisions and favoritism toward predetermined bidders.” The third tender round, which allowed both diesel and hybrid options, drew particular criticism. A compliant hybrid bid offering superior lifecycle efficiency was overlooked in favor of a diesel-only supplier, prompting legal action. While the case was pending, SLPA revoked the award and canceled the fourth tender, further prolonging the project.

CECT, a nearly USD 1 billion investment entirely financed by SLPA, represents one of the largest infrastructure projects ever undertaken by a Sri Lankan company. Funded during the economic recession that began in 2021, it is considered a source of national pride. Yet, Jayasinghe warned that this pride is overshadowed by concerns over repeated procedural missteps and apparent favoritism.

The current, fifth tender has raised new alarm. Qualification criteria appear to have been significantly diluted, allowing a previously favored company—reportedly with limited experience—to re-enter the process. For approximately USD 50 million worth of 30 hybrid straddle carriers, bidder experience requirements have been reduced to manufacturing just 15 units over five years, a stark contrast to the standard benchmark of 500 units for equipment of this scale.

According to Jayasinghe, these relaxed criteria risk awarding the contract to an under-experienced supplier, potentially undermining CECT’s operational credibility and discouraging shipping lines from engaging with the terminal. Observers note that one internationally recognized supplier withdrew from the process, citing lack of transparency and perceived bias.

Industry insiders warn that delays at CECT are not merely operational concerns—they also create openings for competing regional ports to capture Sri Lanka’s container traffic. “The demand is ready, but the terminal’s readiness is being held back by indecision and procedural mismanagement,” Jayasinghe said.

SLPA employees, he added, have long safeguarded national port assets from corrupt practices. Their vigilance secured the East Container Terminal (ECT) in 2021, and today they are raising alarms over the CECT tender process. Commercially, SLPA continues to perform well, including a recent Rs. 5 billion transfer to the Government Consolidated Fund. Shipping lines remain eager to engage with CECT, underscoring that the challenge is not demand but readiness.

The unanswered questions are stark: why has a strategic national procurement repeatedly failed, who is promoting inexperienced suppliers, and who will be held accountable? Until these issues are addressed, CECT remains not merely delayed, but denied—its potential, strategic importance, and the trust of the nation hanging in the balance, Jayasinghe added.

by Chaminda Silva ✍️

Continue Reading

Trending