News
Ceylinco Life’s sales professionals win 5 awards at SLIM – NASCO
Outstanding performers of Ceylinco Life’s sales team once again won five awards including one Gold, two Silvers and two Bronzes at the National Sales Congress (NASCO) Awards, the premier event in Sri Lanka that recognises sales excellence.
T. Vijayanath, Deputy General Manager – Business Development at Ceylinco Life won the overall Gold award in the National Sales Manager category, highlighting the quality of Ceylinco Life’s sales personnel, transcending diverse industries and business sectors.
The Silver Awards were won by D. M. G. S. Dissanayaka of Ceylinco Life’s Galgamuwa branch in the Territory Manager category and H. A. D. S. Jayarathna of the Wariyapola branch in the Sales Executive category, both under the Life Insurance sector.
Furthermore, K. N. P. Silva of the Maharagama branch and P. H. C. L. De Silva of the Pannala branch won Bronze Awards in the Sales Executive and Frontliner categories respectively, also in the Life Insurance sector. All awards were presented at a ceremony held at the Monarch Imperial Convention Centre on 8th February.
A prestigious affirmation of the life insurance leader’s commitment to professionalism in sales, these awards were presented by the Sri Lanka Institute of Marketing (SLIM) in recognition of the sales performances for the year assessed as well as on the basis of an evaluation of the winners’ capacity to become star sales personnel in the future.
Ceylinco Life has been participating in the NASCO Awards since 2011 and has produced winners from Colombo, Ambalantota, Bandarawela, Embilipitiya, Horana, Kalutara, Kurunegala, Matara, Moratuwa, Negombo, Nittambuwa, and Teldeniya across all categories. The company was also the winner of the award for the Most Outstanding Female Sales Person of the Year in 2015 and 2016.
NASCO winners are held in high regard at Ceylinco Life and receive special felicitation at the Company’s Annual Awards.
The only credible and respected award ceremony for sales professionals, the SLIM NASCO event rewards and motivates sales professionals to achieve greater heights. The awards programme presents Gold, Silver and Bronze medals for the best Frontliners, Sales Executives and Territory Managers in sectors such as FMCG (Food, Beverage, Cosmetics and Household) Financial Products & Services, Insurance, Automotive, Corporate Selling, Telecommunication, Travel & Leisure, Fashion & Clothing, Consumer Durables, Alcohol & Tobacco, Industrial, Healthcare, IT, Media, and Modern Retail.
Ceylinco Life employs a sales team of over 4,300 people and operates the largest network of 275 plus branches in Sri Lanka’s life insurance industry, giving it a physical presence in 142 cities, towns and villages in every one of the island’s 25 districts.
Voted the ‘Most Popular Service Provider’ in Sri Lanka’s Life Insurance industry in 2021, Ceylinco Life has been the country’s leading life insurer for more than half of the 33 years it has been in existence. The company was ranked the ‘Most Valuable Life Insurance Brand’ in Sri Lanka by Brand Finance also in 2021, during which it was also named one of the 10 Most Admired Companies in Sri Lanka by the International Chamber of Commerce Sri Lanka (ICCSL) in collaboration with the Chartered Institute of Management Accountants (CIMA), was voted the ‘Peoples Life Insurance Service Provider of the Year’ for a record 15th consecutive year, was certified as a ‘Great Workplace’ in Sri Lanka by Great Place to Work® and was named the ‘Best Life Insurer in Sri Lanka’ for the eighth consecutive year by World Finance.
Ceylinco Life has close to a million lives covered by active policies and is acknowledged as a benchmark in the local insurance sector for innovation, product research and development, customer service, professional development, sustainability, and corporate social responsibility.
News
Amendment of the Inland Revenue Act No. 24 of 2017
Approval of the Cabinet of Ministers has been granted at their meeting held on 19.05.2025 in order to introduce amendments to the Inland Revenue Act No. 24 of 2017 including the proposed tax revisions to enhance the tax structure paving way for state financial integrity based on revenue.
Accordingly, the revised draft bill has been prepared by the legal draftsman and clearance of the Attorney General has been received.
Therefore, the Cabinet of Ministers has granted approval for
the resolution furnished by the President in his capacity as the Minister of Finance, Policy Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and subsequently, forward the same to the Parliament for its concurrence.
News
Cabinet nod for “National Mineral Policy” – 2026
The National Mineral Policy was prepared for the first time in the year 1999, and the aforementioned policy has been amended in 2023 to cover matters such as preparing an updated data system related to mineral resources, adding value to the export of minerals, encouraging mineral-related industrialists, extracting mineral resources and managing the environment sustainably, and resolving the issues related to the ownership of the land arising in extracting mineral resources.
The revised National Mineral Policy has been reupdated in line with the manifesto “A Sustainable Resource Utilization – Generation of the Highest Benefit” under the policy statement of the current government” A Thriving Nation – A Beautiful Life.”
Accordingly, the Cabinet of Ministers has approved the resolution presented by the Minister of Industries and
Entrepreneurship to implement the so-formulated “National Mineral Policy—2026.”
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