Business
Sri Lanka Insurance Life partners with Bar Association of Sri Lanka to offer exclusive retirement plans for legal fraternity
Sri Lanka Insurance Life, has partnered with the Bar Association of Sri Lanka (BASL) to introduce the Sri Lanka Insurance Life Rakawarana Retirement Plan, an exclusive retirement plan designed for the legal community.
This special collaboration brings together two prestigious national institutions in a partnership aimed at strengthening the financial security of the legal professionals. The Sri Lanka Insurance Life Rakawarana Retirement Plan is crafted exclusively for members of the BASL, offering a guaranteed income after retirement and enhanced protection with an Accidental Death Cover. It enables members to enjoy a financially independent and peaceful retirement, ensuring that they and their loved ones remain protected at all times.
The plan provides members the flexibility to choose their preferred retirement age between 45 and 70 years, offering a guaranteed monthly income that increases by 5% annually on a compounding interest basis. It also allows members to enhance their retirement fund according to their future needs and to receive up to five times their monthly pension as a health benefit each year, without the need for hospital or medical bills. In the event of an unfortunate demise of the policyholder during the benefit receiving period, the beneficiary will continue to receive the remaining annuity and bonuses.
Adding further protection, the plan offers Accidental Death Coverage to ensure financial support against unforeseen incidents, along with flexible payment options, monthly, quarterly, half-yearly, or annually. The plan is open to individuals between 18 to 60 years of age, with policy terms ranging from 5 to 40 years. Members may also enhance their cover with additional benefits such as family protection covers, permanent disability covers, critical illness covers, and hospitalisation cash benefits.
Commenting on the partnership, Rajeev Amarasuriya, President of the Bar Association of Sri Lanka, said, “The BASL is committed to enhancing the welfare and wellbeing of its members, and this collaboration with Sri Lanka Insurance Life is an important initiative that ensures our members have access to a secure and dependable retirement plan. It is an important step in strengthening the long-term financial independence of the members of the legal fraternity.”
Chathura Galhena, Secretary of the BASL added ‘This was a longstanding need for the members of the Bar and Sri Lanka Insurance Life being a well-established state entity has come forward to partner with the BASL to bring a long-lasting benefit scheme for the membership.’
Nusith Kumaratunga, Chairman, Sri Lanka Insurance Life, stated, “As the strongest and most stable life insurer in the country, we are honoured to extend our protection to the legal fraternity through this exclusive partnership. The Sri Lanka Insurance Life Rakawarana Retirement Plan reflects our strength, stability, and commitment to safeguarding professionals who play a vital role in upholding justice and the rule of law.”
‘Nalin Subasinghe, Chief Executive Officer, Sri Lanka Insurance Life, added, “This partnership is a meaningful step in our journey to create tailored insurance solutions that meet the evolving needs of diverse professional communities’.
Business
UN Global Compact Network Sri Lanka mobilizes business to lead with purpose
As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.
It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.
More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.
Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.
UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.
Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:
“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”
The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.
Business
A regional conversation on the future of English language teaching
Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world
The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?
Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.
Business
The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition
The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.
Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.
The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.
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