Business
Sri Lanka Insurance launches 2022 marking 60 years of excellence

Anniversary celebrated with ‘Medi 60’ Senior Citizen Medical Insurance offer
The inauguration of Sri Lanka Insurance (SLIC) business operations for the year 2022 took place on January 3, 2022 at the SLIC head office with the participation of the Chairman, corporate management, and staff,
The event, with observances of all four religions of the country, adhered to the health and safety guidelines of the authorities in relation to the pandemic with minimum participation and was live-streamed to all branches and staff via zoom, an SLIC news release said.
Established in 1962 as a state insurer, Sri Lanka Insurance celebrated 60 years of service to the nation on January 1, 2022.
Through six decades, SLIC built and conducted its business in alignment with the country’s economic objectives and its own business goals striving to perform beyond its mandate and assist the country in times of need, an SLIC news release said. It continues to do so, upholding the highest standards and its corporate vision and mission.
The 60th anniversary celebration included the introduction of the “Medi 60” Senior Citizen Health Insurance Plan to cover an array of health insurance needs of senior citizen. The product was launched taking their health insurance needs and financial constraints as a tribute to the older generation for their valuable contribution towards the economic progress of the country, the release said.
It explained that ‘Medi 60’ health cover enables senior citizens to be reimbursed medical charges, including hospital & surgery costs and medication expenses.
“Senior citizens between the age of 60 and 70 years are now eligible to apply for this cover. The policy can be renewed until the policyholder reaches 80-years of age. Moreover, policyholders also receive attractive discounts for laboratory tests, medicine delivery and free wellness programmes in collaboration with ayubo,life,” it said..
SLIC Chairman Eng. Vijitha Herath, speaking at last week’s celebration, noted ‘ As we celebrate the 60 years of excellence, we remember the vision of leaders who established this institution to benefit this nation and its people. At this historic moment we are proud to say that we have served the nation to the utmost from generation to generation.
“We have been at the forefront of educating the masses on the importance of insurance to their well being and will further strengthen our internal capabilities to serve the people with innovative and affordable insurance solutions which meet their needs. SLIC will make necessary paradigm shifts within the insurance industry as we strive to continue providing the best protection for all Lankans.’
Chief Executive Officer, Mr.Chandana L. Aluthgama noted that “2022 has been by far one of the most challenging years we have gone through. But we have reaffirmed our true spirit with remarkable achievements made throughout the year.”
He said SLIC had posted the best ever GWP (gross written premium) in its history with over Rs. 43 billion earned on Life and General insurance, a growth of 14% over the previous year, had as many as 189 MDRT (Million Dollar Round Table) members on board, paid the highest ever life insurance bonus totaling Rs. 8.6 billion, was the market leader in the motor and general insurance segments of the industry, was recognized as a “Great Place to Work” and achieved ISO quality standards.
“All of us will work together as one team in 2022 aiming at achieving excellence in all aspects of what we do,” he said.
Business
SIA warns of 1,000 SME collapses, urges fair policies to protect Sri Lanka’s rooftop solar sector

By Sanath Nanayakkare
The Solar Industries Association (SIA), representing over 1,000 companies and employing 40,000 workers in Sri Lanka’s rooftop solar sector, issued a stern warning recently regarding threats to the industry’s survival and the nation’s renewable energy ambitions. The association condemned recent regulatory instability and called for urgent policy reforms to avert economic and social crises.
The SIA categorically rejected the Ceylon Electricity Board’s (CEB) claim that rooftop solar installations caused the recent island-wide power outage, calling the accusation “baseless and misleading.”
“Public trust is eroded when accountability is misdirected,” the SIA stated. “We demand an independent, transparent investigation led by experts appointed by the Ministry or the Public Utilities Commission (PUCSL). The CEB’s unilateral statements disregard the sector’s contributions and jeopardize Sri Lanka’s renewable energy transition,” they said.
“While acknowledging the formation of a tariff determination committee, the SIA criticized its narrow focus on financial parameters, ignoring the sector’s socioeconomic value. Rooftop solar empowers businesses and households with energy independence, reduces grid strain, and supports climate goals. However, proposed volatile tariff structures risk destabilizing over 100,000 installations—primarily owned by middle-class families—and deter future investment,” they noted.
“A rigid, equation-based tariff system is unsustainable,” the association warned. “Sri Lanka needs a stable policy framework to attract long-term investments. For instance, retirees could invest EPF savings into solar projects, securing income while advancing national energy targets. Without urgent action, 1,000 SMEs and 40,000 jobs face collapse, with dire consequences for employment, energy security, and economic stability,” they pointed out.
SIA urged policymakers to establish an independent committee to investigate the power outage fairly, expand the tariff committee’s mandate to include socioeconomic and environmental benefits and implement predictable policies to safeguard SMEs, households, and investor confidence.
“Sri Lanka stands at a crossroads,” the SIA emphasized. “Protecting rooftop solar isn’t just about energy—it’s about livelihoods, economic resilience, and a sustainable future. We urge stakeholders to collaborate on solutions that prioritize both people and progress,: they emphasized.
Business
Sri Lanka makes outstanding appearance at OTM and SATTE 2025 in India

Starting its promotional work for 2025, Sri Lanka Tourism Promotion Bureau (SLTPB) added another feather into its cap of endorsements, by being recognized as the most innovative Tourism Board promotion in Outbound Travel Mart (OTM) . In parallel to that, several other sub events were held. The OTM was held in Jio World Convention Centre, Mumbai—India, from 30th January to 01st February 2025.Before OTM, the Global Village – Global Exchange & Trade Exhibition was held at the Surat International Exhibition & Convention Centre , Sarsana, Surat (Gujarat – India , from 25th to 27th January 2025. This travel fair was organized by Southern Gujarat Chamber of Commerce and Industry (SGCCI).
Sri Lanka participated in both OTM and South Asia’s Travel & Tourism Exchange (SATTE), held from 19th – 21st Feb 2025, in New Delhi, India . This was an excellent opportunity for Sri Lanka to promote it’s potential as a unique travel destination, especially for the Indian counterparts, as SLTPB has identified India as the number one source market for Sri Lanka, tourism bringing the largest number of tourist arrivals to the destination.
Business
SLT-MOBITEL partners with the Rush Lanka Group to power its apartment portfolio

SLT-MOBITEL has entered into a strategic partnership with Rush Lanka Group to provide exclusive SLT-MOBITEL Fibre connectivity solutions to their portfolio of luxury apartment developments in Colombo and the suburbs, enhancing the digital experience of all residents.
The agreement was signed between Imantha Wijekoon, Chief Business Officer of Consumer Business at SLT, and Zaid Ariff, Director of Construction at the Rush Group headquarters. Representatives from both companies also attended the ceremony.
Under the partnership, SLT-MOBITEL will serve as the exclusive digital service provider for five prestigious Rush Lanka developments including Street Rush Residencies and Rush Court 4 in Mt. Lavinia, Rush Tower 2, Rush Metropolis in Dehiwala, and Rush Court 5 in Colombo 14. The collaboration ensures residents will enjoy superior fibre connectivity speeds, enabling seamless digital experiences in modern smart homes. The partnership with the Rush Lanka Group aligns with SLT-MOBITEL’s commitment to offer ultra-fast, reliable connectivity solutions to residential developments. Delivering exclusive fibre connectivity to luxury apartments, SLT-MOBITEL ensures residents have access to world-class digital services that complement the living experience promised by Rush Lanka Group.
Powered by advanced fibre technology, SLT-MOBITEL network will provide the residences with seamless performance across digital activities. The SLT-MOBITEL Fibre backbone ensures lag-free experiences whether tenants are gaming online, attending virtual classes, working remotely, or streaming high-definition entertainment. SLT-MOBITEL Fibre will transform the lifestyles of all apartment users bringing greater convenience and superior quality of life.
Rush Lanka Group, established in 1992, is a property developer specializing in luxury and semi-luxury apartments.
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