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Sri Lanka Insurance launches ‘SLIC Jeewana Shakthi’ for the Tea plantation sector

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(L-R) Hon. M. Rameshwaran MP, Hon. Ramesh Pathirana - Minister of Plantation Industries, Mr. Chandana L. Aluthgama, Chief Executive Officer – Sri Lanka Insurance, Mr. Ronald C. Perera, P.C., Chairman - Sri Lanka Insurance, Mr. Barath Arullsamy, Chairman - Plantation Human Development Trust, Hon. Jeevan Thondaman - Minister of Water Supply and Estate Infrastructure Development and His Excellency Senthil Thondaman - Governor of Eastern Province

Sri Lanka Insurance, the largest and strongest insurer in the country introduces ‘SLIC Jeewana Shakthi’, a special Life and Health Insurance cover for the Estate and Plantation workers of Sri Lanka. This special cover was developed in collaboration with the Plantation Human Development Trust (PHDT) and the Ministry of Water Supply and Estate Infrastructure Development.

Sri Lanka Insurance, as a responsible insurance solutions provider taps in to new markets with new products to uplift the lifestyles of the people of the country. This stems down from their mandate of providing ‘insurance for all’ Sri Lankans. Understanding the importance of this community and their unique needs SLIC came forward to provide a suitable insurance solution for their well-being. As a result, the state owned insurer introduced ‘Sri Lanka Insurance Jeewana Shakthi’, a special life and health cover for this unique segment of customers.

‘SLIC Jeewana Shakthi’ is a life cover offered exclusively to the Estate employees and Plantation workers of the tea industry as a special insurance solution. It is offered as a family cover and it open for the employees between 18- 70 years of age and it includes critical illness benefits, hospital cash benefits, Life covers etc. The policy covers the policy holders spouse and children as well.

Commenting on introducing the ‘Sri Lanka Insurance Jeewana Shakthi’ insurance cover, Chandana L Aluthgama, Chief Executive Officer of Sri Lanka Insurance stated, SLIC continues to demonstrate its commitment to providing innovative and tailor made insurance solutions that cater to the evolving needs of the people of Sri Lanka by offering unparalleled value and comprehensive protection to its valued customers at an affordable price.

President Counsel Ronald C. Perera, Chairman of Sri Lanka Insurance said, Sri Lanka Insurance as the pioneer insurance provider of the country has always been in the forefront in understanding the pulse of the people and support them in improving their quality of life. The tea industry plays a pivotal role in the country’s economy and as responsible corporate citizens it is every organisation’s responsibility to facilitate such requirements to strengthen the economy of the country.

Barath Arullsamy Chairman of Plantation Human Development Trust said: “We stand on the threshold of a transformative moment with the introduction of ‘SLIC Jeevana Shakthi,’ a ground-breaking insurance scheme born from the collaboration between the Plantation Human Development Trust (PHDT), the Ministry of Water Supply and Estate Infrastructure Development, and Sri Lanka Insurance Corporation.

Jeevan Thondaman Minister of Water Supply and Estate Infrastructure Development of Sri Lanka commented, “Today marks a profound step forward as we unveil ‘SLIC Jeewana Shakthi’ – an exceptional insurance scheme co-crafted by the Ministry of Water Supply and Estate Infrastructure Development, the Plantation Human Development Trust (PHDT), and Sri Lanka Insurance Corporation. This initiative stands as a testament to our unwavering commitment to the welfare of tea estate workers, underpinned by the distinctiveness of this scheme.”



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Landslide Early Warnings issued to the Districts of Badulla, Kandy, Matale, Monaragala and Nuwara Eliya

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The Landslide Early Warning Center of the the National Building Research Organaisation [NBRO] has issued landslide early warnings to the districts of Badulla, Kandy, Matale, Monaragala and Nuwara Eliya for a period of 24 hours effective from 1200 noon today [07th January].

Accordingly,
LEVEL III RED landslide early warnings have been issued to the divisional secretaries divisions and surrounding areas of Udadumbara in the Kandy district, and Nildandahinna and Walapane in the Nuwara Eliya district.

LEVEL II AMBER landslide early warnings have been issued to the divisional secretaries divisions and surrounding areas of Kandaketiya in the Badulla district, Wilgamuwa in the Matale district, and Mathurata and Hanguranketha in the Nuwara Eliya district.

LEVEL I YELLOW landslide early warnings have been issued to the divisional secretaries divisions and surrounding areas of Meegahakiwula, Lunugala, Welimada, Passara, Badulla and Hali_Ela in the Badulla district, Doluwa in the Kandy district,Ambanganga Korale in the Matale district, and Bibile in the Monaragala district

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Prez seeks Harsha’s help to address CC’s concerns over appointment of AG

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Chairman of the Committee on Public Finance (CoPF), MP Dr. Harsha de Silva, told Parliament yesterday that President Anura Kumara Dissanayake had personally telephoned him in response to a letter highlighting the prolonged delay in appointing an Auditor General, a vacancy that has remained unfilled since 07 December.

Addressing the House, Dr. de Silva said the President had contacted him following the letter he sent, in his capacity as CoPF Chairman, regarding the urgent need to appoint the constitutionally mandated head of the National Audit Office. During the conversation, the President had sought his intervention to inform the Constitutional Council (CC) about approving the names already forwarded by the President for consideration.

Dr. de Silva said the President had inquired whether he could convey the matter to the Constitutional Council after their discussion. He stressed that both the President and the CC must act in cooperation and in strict accordance with the Constitution, warning that institutional deadlock should not undermine constitutional governance.

He also raised concerns over the Speaker’s decision to prevent the letter he sent to the President from being shared with members of the Constitutional Council, stating that this had been done without any valid basis. Dr. de Silva subsequently tabled the letter in Parliament.

Last week, Dr. de Silva formally urged President Dissanayake to immediately fill the Auditor General’s post, warning that the continued vacancy was disrupting key constitutional functions. In his letter, dated 22 December, he pointed out that the absence of an Auditor General undermines Articles 148 and 154 of the Constitution, which vest Parliament with control over public finance.

He said that the vacancy has severely hampered the work of oversight bodies such as the Committee on Public Accounts (COPA) and the Committee on Public Enterprises (COPE), particularly at a time when the country is grappling with a major flood disaster.

As Chair of the Committee responsible for overseeing the National Audit Office, Dr. de Silva stressed that a swift appointment was essential to safeguard transparency, accountability and financial oversight.

In a separate public statement, he warned that Sri Lanka was operating without its constitutionally mandated Chief Auditor at a critical juncture. In a six-point appeal to the President, Dr. de Silva emphasised that an Auditor General must be appointed urgently in the context of ongoing disaster response and reconstruction efforts.

“Given the large number of transactions taking place now with Cyclone Ditwah reconstruction and the yet-to-be-legally-established Rebuilding Sri Lanka Fund, an Auditor General must be appointed urgently,” he said in a post on X.

By Saman Indrajith

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Govt. exploring possibility of converting EPF benefits into private sector pensions

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The NPP government was exploring the feasibility of introducing a regular pension, or annuity scheme, for Employees’ Provident Fund (EPF) contributors, Deputy Minister of Labour Mahinda Jayasinghe told Parliament yesterday.

Responding to a question raised by NPP Kalutara District MP Oshani Umanga in the House, Jayasinghe said the government was examining whether EPF benefits, which are currently paid as a lump sum at retirement, could instead be converted into a system that provides regular payments throughout a retiree’s lifetime.

“We are looking at whether it is possible to provide a pension,” Jayasinghe said, stressing that there was no immediate plan to abolish the existing lump-sum payment. “But we are paying greater attention to whether a regular payment can be provided throughout their retired life.”

Jayasinghe noted that the EPF was established as a social security mechanism for private sector employees after retirement and warned that receiving the entire fund in a single installment could place retirees at financial risk, particularly as life expectancy increases.

He also cautioned that interim withdrawals from the EPF undermined its long-term sustainability. “Even the interim payments that are given from time to time undermine the ability to give security at the time of retirement,” he said, distinguishing the EPF from the Employees’ Trust Fund, which provides more frequent interim benefits.

Addressing concerns over early withdrawals, the Deputy Minister explained that contributors have been allowed to withdraw up to 30 percent of their EPF balance since 2015, with a further 20 percent permitted after 10 years, subject to specific conditions and documentary proof.

Of 744 applications received for such withdrawals, 702 had been approved, he said.

The proposed shift towards an annuity-based system comes amid broader concerns over Sri Lanka’s ageing population and pressures on retirement financing. While state sector employees receive pensions funded by taxpayers, including EPF contributors, the EPF itself has been facing growing strain as it is also used to finance budget deficits.

Jayasinghe said the government’s focus was to formulate a mechanism that would ensure long-term income security for private sector employees, placing them on a footing closer to a pension scheme rather than a one-time retirement payout.

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