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LOLC General Insurance disrupts industry with first-ever lifestyle motor insurance product ‘Honours’

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3 years ago

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LOLC General Insurance PLC (LOLC GI), one of the fastest-growing General Insurance companies in Sri Lanka is disrupting the general insurance industry by making motor insurance a lifestyle product with its unique loyalty program ‘Honours’ with rich rewards, in addition to unveiling its first ever Electronic Point-of-Sale (ePOS) – the digital policy issuance network. LOLC GI’s new lifestyle loyalty program ‘Honours’ is crafted with seamless and delightful experiences that provide consumers with real value.

Loyal customers will be grouped into four (04) tiered multilevel memberships such as Classic, Silver, Bronze and Platinum and continuously rewarded with benefits every day. The rewards scheme is applicable for all LOLC GI Motor Policyholders who will receive valuable discounts and benefits through the loyalty partner network – Channel 17 (CH17).

The first ever ‘reward-back’ program offers customers a cash back scheme operated by way of merchant discounts/loyalty points, which LOLC GI believes will offset the cost of customer insurance premium and more. Loyalty points may be accumulated through the partner merchant network and can be redeemed towards a customer’s own policy renewal or contribute to a social cause.The Honours program will unveil the widest insurance loyalty platform in Sri Lanka, with a reach of over 1,000 partner locations. Simple, yet descriptive, ‘Honours’ the Loyalty Program reflects an eco-system designed to fuel a sustainable business model during challenging economic times.

LOLC GI understands the difficulties faced by customers due to the current situation and that of the merchants who are also constrained due to inflation and current macro-economic factors.Seeking to support both stakeholders recover, LOLC General Insurance strives to protect its customers and to help the Sri Lankan business sector. Thus, ‘Honours’ has been designed not as a usual loyalty platform, but a strategic eco-system built to benefit motor policyholders whilst ensuring SME businesses and other business entities in Sri Lanka remain active.

Customers can accumulate ‘Honours’ loyalty points while transacting with any of the merchants within the network and are free to redeem points through selective partners or during their policy renewal. Going further, ‘Honours’ enables its policyholders to donate the accumulated points to LOLC’s humanitarian program ‘Divi Saviya’ aimed at protecting families affected by the Sri Lankan economic crisis. Honours is a comprehensive network, designed to self-sustain and protect Motor policy holders, SME’s, Shareholders, Employees and citizens of Sri Lanka.

Further, LOLC GI firmly believes that going digital is the way forward to minimise the strain on the economy. Digital products are easy to transact, less costly to distribute and demands less resources unlike traditional channels. LOLC GI’s Electronic Point-of-Sale (ePOS) solution offers enhanced convenience and process simplification.

Customers are provided their policy in under five (05) minutes, with the added advantage of real time policy processing and involving zero paperwork. Delivering an end-to-end solution, the ePOS enables Digital Certificates, Proposals and real time premium settlements. Due to the company’s expanded reach, over 250 ePOS Centres are located islandwide and easily accessible to customers.

Firmly believing that insurance should be a product which is easy to comprehend to the end customer, LOLC GI aspires to increase the user-friendliness of its products for its customers throughout the policy life cycle and launches its journey towards an ergonomic policy design platform know as ‘Build Your Own’ (BYO).

BYO offers a unique intuitive quotation design, for easy customer reference across different motor insurance products and concepts including tailor-made insurance solutions to fit each customer’s wallet. Additional features of the platform include product comparison, the widest range of add-on covers and a free LOLC Credit Card with easy payment plans, (subject to eligibility).

LOLC General re-launched its motor insurance brand positioning itself as LOLC Motor Insurance ‘Benefit Everyday’, driven by the Honours Loyalty Program, the EPOS digital solution and the BYO platform, perfected to offer benefits daily to Sri Lankans as the only lifestyle motor insurance brand in the country.


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Noritake Company Limited donates Rs. 20 million to the Government’s disaster relief programme

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6 hours ago

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2025/12/19

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Noritake Company Limited of Japan has donated Rs. 20 million to the Government’s disaster relief programme.

The cheque was presented to Prime Minister Dr. Harini Amarasuriya by the Managing Director of Noritake Lanka Porcelain (Pvt) Ltd, Mr. Kenji Obara, at the Parliament Complex on 18 December.

Minister of Public Administration, Provincial Councils and Local Government  Chandana Abeyratne, Director and General Manager of Noritake Lanka Porcelain (Pvt) Ltd, Ms. Sujatha Egodagedara, and Assistant General Manager Captain M. M. Athula Rohan Senarath also participated in the event.

[Prime Minister’s Media Division].

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GovPay Concludes 2025 with Rs. 2 Billion in digital transactions, marking a major milestone in Sri Lanka’s digital transformation

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9 hours ago

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2025/12/19

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GovPay, Sri Lanka’s Government Digital Payment Platform concluded the year 2025 by surpassing Rs. 2 billion in total digital transaction value, marking a major milestone in the country’s digital transformation journey. Notably, GovPay doubled its collections from Rs. 1 billion to Rs. 2 billion in just 45 days, reflecting rapid adoption, growing public trust, and strong institutional uptake across the public sector.

Since its official launch on 07 February 2025, GovPay has processed over 69,000 digital transactions, enabling payments for 3,372 government services across 215 government institutions. This accelerated growth underscores the increasing reliance on secure, convenient, and transparent digital payment mechanisms by both citizens and government institutions.

Implemented under the strategic leadership of the Ministry of Digital Economy, the Information Communication Technology Agency of Sri Lanka (ICTA) in collaboration with LankaPay, GovPay has emerged as a key pillar of Sri Lanka’s national digital public infrastructure. The platform plays a critical role in advancing financial inclusion, improving service efficiency, and strengthening transparency in public service delivery.

A key milestone in 2025 was the launch of the Online Traffic Fine Payment System through GovPay on 10 April 2025. Since its introduction, the system has facilitated over 50,000 digital traffic fine payments, generating more than Rs. 66 million in revenue. The service is currently operational across the Western, Southern, Northern, North Western, and North Central Provinces, including the Southern, Katunayake, and Central Expressways. While the island wide rollout planned for December 2025 was postponed due to adverse weather conditions and disaster-related challenges, ICTA, in coordination with the Sri Lanka Police and with the support of LankaPay, has agreed to complete the nationwide rollout in January 2026, with a landmark launch in the Central Province.

GovPay has continued to expand its reach across local authorities, including Divisional Secretariats, Municipal Councils, Urban Councils, and Pradeshiya Sabhas, significantly enhancing access to government services in citizens’ day-to-day activities. The platform has enabled digital transactions for all local authorities in the Northern Province and all Divisional Secretariats in the Southern Province, with a national target to digitize all local authorities by 2026.

Institutions such as Kotelawala Defence University, Sri Lanka Police, the Department of Technical Education and Training, the University of Moratuwa, and the Sri Lanka Atomic Energy Board emerged as some of the highest contributors to GovPay in 2025. Strong adoption by the education sector in particular highlights the readiness of younger generations to embrace digital transformation and demonstrates the platform’s scalability and reliability.

Beyond routine government services, GovPay also supported national disaster response efforts. Since 30 November 2025, the platform facilitated digital donations to the Rebuild Sri Lanka Disaster Relief Fund, collecting almost Rs. 14 million across 909 transactions, including contributions from Sri Lankans living abroad, ensuring transparency and ease of contribution during a national emergency.

As GovPay continues to grow, ICTA is working on revamping www.govpay.lk with enhanced features to support institutional onboarding, service management, and reporting capabilities. With Rs. 2 billion in digital collections achieved within its first year of operation and the last Rs. 1 billion reached in just 45 days, GovPay stands as a strong testament to the impact of coordinated digital transformation, reinforcing Sri Lanka’s vision of achieving a USD 15 billion digital economy by 2030.

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Swift restoration of Religious, Cultural and Archaeological sites damaged by the disaster

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9 hours ago

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2025/12/19

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A discussion on the restoration of religious, cultural and archaeological sites affected by Cyclone Ditwah was held on Thursday (18) afternoon  at the Presidential Secretariat under the patronage of the Minister of Buddhasasana, Religious and Cultural Affairs, Dr. Hiniduma Sunil Senevi, with the participation of the Most Venerable Mahanayaka Theras of the three Chapters and other religious leaders.

Addressing the meeting, the Minister stated that more than one thousand religious, cultural and archaeological sites across the country had sustained damage due to the disaster. He assured that prompt measures would be taken to commence restoration work and reinstate these sites to their original condition without delay.

The Minister further stated that all restoration work is expected to be carried out while preserving the historical and cultural authenticity of the sites, under the guidance of the Most Venerable Maha Sangha and other religious leaders, with the active participation of all relevant stakeholders.

The Secretary to the Ministry of Buddhasasana, Religious and Cultural Affairs,  Prince Senadheera, noted that arrangements are currently underway to mobilize the required human resources and financial assistance for the restoration process. He also stated that steps have been initiated to recruit the necessary technical officers on a contractual basis to conduct technical assessments of the affected sites. In addition, plans are in place to involve officials of the Ministry as well as officers of its affiliated institutions in carrying out these restoration activities.

The Secretary to the Ministry further stated that generous financial contributions from donors are currently being received to the fund established under the Ministry of Buddhasasana, Religious and Cultural Affairs for the reconstruction of damaged religious places of worship.

The meeting also considered continuing the gathering as an interfaith committee to oversee the restoration activities. Accordingly, it was agreed that the progress of construction work would be regularly reported to the committee and that the committee would be entrusted with mobilizing support for the fund in a transparent manner, including assistance from foreign donors, international organizations, Buddhist organizations and other religious institutions.

It was noted that the Central Cultural Fund has identified eight sites that were severely damaged by the disaster and are difficult to restore through conventional construction methods, requiring the specialized expertise of archaeologists, mural conservation specialists, and architects. The cost of restoring these sites has been estimated at over Rs. 500 million.

It was further decided that the committee would meet once a month to review and discuss the progress of these restoration activities.

Religious leaders commended the Government’s intervention in providing relief to those affected by the disaster and in restoring livelihoods, expressing appreciation for the effective management of the response. They also praised the Government’s prompt action in initiating restoration work at damaged religious sites.

The event was attended by several eminent religious leaders, including the Registrar of the Asgiri Maha Viharaya, Venerable Dr. Medagama Dhammananda Nayaka Thero; the Registrar General of the Amarapura Siri Saddhammawansa Maha Nikaya, Venerable Balapitiye Siri Seevali Nayaka Thero; the General Secretary of the Sri Lanka Ramanna Maha Nikaya, Venerable Attangane Sasanarathana Nayaka Thero; the Chief Secretary of the All-Ceylon Shasanarakshaka Board, Venerable Professor Mugunuwela Anuruddha Nayaka Thero; and the Tri-Nikaya Maha Sangha, led by the Chairman of the National Bhikkhu Front, Venerable Wakamulle Uditha Thero.

Also in attendance were Hindu religious leaders, including Venerable Swami Aksharatmananda, representatives of the Catholic Church and the National Christian Council, including Father Alec Roy Samantha Fernando, All-Ceylon Muslim religious leaders, including the General Secretary of the Jamiatul Ulama Organization, Ash-Sheikh Arkam Nooramith, Deputy Minister of Religious and Cultural Affairs,  Mohamed Muneer , as well as senior officials of the Ministry of Buddhasasana, Religious and Cultural Affairs and relevant line institutions.

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