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SLIC Life reports robust performance with Rs. 30.7 Billion PBT in 2024

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Nusith Kumaratunga (L) / Chandana L. Aluthgama (R)

Sri Lanka Insurance Corporation Life Limited (SLICLL) has concluded the year 2024 with outstanding financial performance, achieving a remarkable profit before taxation of Rs. 30.7 billion. The text of SLIC statement: “The company recorded a robust Gross Written Premium (GWP) of Rs. 26.3 billion, reflecting an impressive 25% growth. Remarkably, as of December 31, 2024, Sri Lanka Insurance Life marked a historic milestone with a New Business volume of Rs. 5.3 billion, recording a 48% growth, the highest in the company’s history.

Demonstrating its unwavering commitment to policyholders, Sri Lanka Insurance Life disbursed Rs. 13.7 billion in maturity settlements and claim payments in 2024, these figures reaffirm the company’s financial strength and dedication to fulfilling its obligations. Further cementing its position as a market leader, SLICLL continued to expand its asset base to an impressive Rs. 237 billion and grew its Life Fund to Rs. 213.2 billion. These achievements were realised amidst organizational transformations and challenging economic conditions. Additionally, the company recorded 319 MDRT qualifiers, the highest ever for SLIC Life.

Highlighting its prudent investment strategies and unwavering commitment to policyholders, Sri Lanka Insurance Life declared the largest Life Insurance bonus in the industry for 2023, amounting to Rs. 11.2 billion. Over the past two decades, the company has consistently delivered industry-leading bonus payouts, with cumulative declarations exceeding Rs. 104 billion. Continuing this legacy, Sri Lanka Insurance Life is set to declare its highest ever bonus for 2024, with official communication to be released in the near future.

Group Chief Executive Officer of Sri Lanka Insurance, Mr. Chandana L. Aluthgama, stated, “Our exceptional financial performance is a testament to the dedication and resilience of our team, who have navigated challenges with unwavering commitment. Despite economic fluctuations and internal transformations, our strategic focus has reinforced our market leadership. As we step into the future, we remain committed to innovation, customer trust, and industry leadership.”

Chairman of Sri Lanka Insurance, Mr. Nusith Kumaratunga, emphasized, “Sri Lanka Insurance Life has proven its strength and stability, delivering sustainable growth while reinforcing its role in the nation’s economic progress. Our vision extends beyond business success, we aim to contribute to national development by strengthening the economy and reducing dependency of the people on state support.”

Beyond financial success, Sri Lanka Insurance Life continued to earn industry recognition in 2024. The company was named ‘The Most Loved Life Insurance Brand’ by LMD for the seventh consecutive year and was ranked among the ‘Top 100 Most Valuable Brands’ in Sri Lanka by LMD Brand Finance. Additionally, SLIC Life secured top honors at the ‘Best Management Practices Company Awards 2024,’ ranking among the top ten companies and winning the ‘Insurance – Public Sector Company’ category.

Committed to international standards and operational excellence, Sri Lanka Insurance Life maintains ISO 9001:2015, ISO/IEC 27001:2013, and ISO 14064-1:2018 certifications. The company also continues its social impact initiatives, including the free Life Insurance cover gifted to parents of newborns on World Children’s Day for the third consecutive year, supported 1100 families in flood affected areas, providing emergency assistance to pilgrims traveling to Anuradhapura for Poson Poya and the awarding of 370 Suba Pathum scholarships to outstanding students in national examinations.

Looking ahead, Sri Lanka Insurance Life remains focused on driving innovation, enhancing customer confidence, and making meaningful contributions to society. With a solid foundation and a clear vision, the company is poised to maintain its legacy of excellence and leadership in the insurance industry.

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A strong Technical and Vocational Education and Training (TVET) system equips individuals with practical, relevant, and future-oriented skills helping to innovate responsibly towards a greener and sustainable future – PM

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The Prime Minister, Minister of Education, Higher Education and Vocational Education Dr. Harini Amarasuriya participated as the Chief Guest in the international conference on ’Transforming TVET Systems for climate resilience and green jobs’ organized by Colombo Plan Staff College, Philippines together with the Ministry of Education, Higher Education and Vocational Education Sri Lanka on 24 th of March at Courtyard by Marriott Colombo, Sri Lanka.

The Conference serves as the flagship event of the five-day Regional Programme on “Transforming TVET for a Digital, Green, and Inclusive Economy” (23-27 March 2026), which continues throughout the week, bringing together representatives from CPSC member countries including Bhutan, Fiji, Malaysia, Maldives, Myanmar, Nepal, Philippines, Thailand, Pakistan, and Sri Lanka, fostering high-level dialogue and knowledge sharing on climate-resilient and green skills development.

The Conference features technical and plenary sessions on climate-responsive TVET systems, green skills development, national policy frameworks, and emerging technologies shaping industry transformation.

Addressing at the event, the Prime Minister emphasized the role of Technical and Vocational Education and Training (TVET) that equips individuals with practical, relevant, and future-oriented skills in addressing climate change and shaping a sustainable future.

The Prime Minister reaffirmed that this transformation remains a national priority for Sri Lanka. She stressed that education must go beyond knowledge dissemination to empower individuals with opportunities, dignity, and the capacity to contribute meaningfully to society.

She further emphasized the need to integrate environmental sustainability into education and training systems by embedding green skills in curricula, investing in modern training facilities, promoting innovation, and fostering collaboration between training institutions and emerging green industries.

Highlighting the importance of ensuring equity the Prime Minister further stated, that opportunities arising from the green transition must be accessible to all, including youth, young women, people with special needs, and marginalized communities.

Reaffirming Sri Lanka’s commitment to working closely with regional and international partnerships, the Prime Minister emphasized the importance of transforming them to actual benefits and partnerships.

The occasion was attended by the Secretary to the Ministry of Education, Higher Education and Vocational Education  Nalaka Kaluwewa, Additional Secretary (Vocational Training) Ms. Samanthi Senanayake Director General Colombo Plan Staff College Prof. Dr. Suresh K. Dhameja , TVET administrators, institutional leaders, policymakers, instructors, industry representatives, and international delegates from across the region and seniors officials and officials from Ministries.

(Prime Minister’s Media division)

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PM reviews progress of the committee appointed for the establishment of a National Nursing University

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A discussion to review the current progress of the special committee appointed under the government’s policy proposals to establish a National Nursing University aimed at elevating the nursing profession in Sri Lanka to degree level was held on 23rd of March at the Prime Minister’s Office under the patronage of Prime Minister Dr. Harini Amarasuriya.

During the meeting, the Prime Minister inquired into the progress made by the committee in relation to the establishment of the Nursing University and paid attention to the issues and views presented by the committee members.

Emphasizing that establishing a university is a long-term and complex process, the Prime Minister pointed out the importance of advancing this project in line with higher education standards, without hasty decisions, while also taking into account the existing conflicts and challenges within the university system.

The meeting was attended by the Vice Chairman of the University Grants Commission, Professor K. L. Wasantha Kumara, representatives of the All Ceylon Nurses’ Association, and officials from the Ministry of Health and Mass Media.

(Prime Minister’s Media Division)

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Heat Index at ‘Caution level’ in the Western, Sabaragamuwa, Southern and North-western provinces and in Anuradhapura, Mannar, Vavuniya and Monaragala districts

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Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of  Meteorology
at 3.30 p.m. on 25 March 2026, valid for 26 March 2026.

The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern and North-western provinces and in
Anuradhapura, Mannar, Vavuniya and Monaragala districts.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry
of Health in this regard as well. For further clarifications please contact 011-7446491.

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