News
Union Assurance celebrates limitless achievements at Bancassurance Awards 2022

Union Assurance recnelty honoured top achievers at the Bancassurance Annual Awards 2022 at Monarch Imperial, Sri Jayewardenepura under the theme “Limitless.” The event was graced by the senior management, including Suresh Rajendra, President – Financial Services Sector/ IT Sector and Leisure Industry Group – John Keells Holdings PLC.
Champion of Champions were won by Harsha Wijesinghe from the Nations Trust Bank Channel of Union Assurance, and Naguleswara Shobitha from the Commercial Bank Channel of Union Assurance. The Best Regional Manager award in the First Premium based category was won by Kasun Chandrasiri from the Nations Trust Bank Channel of Union Assurance, while T. Shajeethan from the Commercial Bank Channel of Union Assurance took home the awards in the Annualised New Business Premium based category. In the Best Zonal Manager category, Charith Abeywardena from the Nations Trust Bank Channel of Union Assurance won the award in the First Premium based category while V. Temcy from the Commercial Bank Channel of Union Assurance bagged the award in the Annualised New Business Premium based category.
The CEO of Union Assurance, Jude Gomes lauded the winners for their achievements. The Deputy CEO of Union Assurance Senath Jayatilake commended the team for delivering exceptional results.
The Head of Bancassurance of Union Assurance, Wishanth Wijesinha, stated that the team’s resilience and unwavering spirit were the driving forces behind overcoming the challenges of this past year.
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Concessionary priced food packages for new ‘Aswesuma’ applicants from 01st to 13th April

In keeping with the proposal by the President in his 2025 budget, for the provision of a package essential goods at a concessionary price during the Sinhala and Tamil New Year Festival season, it has been planned to provide a food package containing essential food items valued at Rs. 5000/- for only Rs. 2,500/-.
It is expected to select appropriate beneficiaries from among the 812,753 candidates who have submitted new applications for Aswesuma benefits.
Accordingly, the Cabinet of Ministers approved the proposal furnished by the Minister of Trade, Commerce, Food Security and Cooperative Development jointly with the Minister of Agriculture, Livestock, Lands and Irrigation to take necessary steps to provide the food package to the beneficiaries through the Lanka Sathosa outlet network and COOPFED outlets from 01.04.2025 to 13.04.2025
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Salary revision of the Government Service – 2025

The Cabinet of Ministers have decided as follows considering the resolutions submitted by the President in his capacity as the Minister of Finance, Plan Implementation and Economic Development along with the Minister of Public Administration, Provincial Councils and Local Governments on payment of salaries according to the revised salary scales with effect from 01.04.2025 based on the resolution furnished by the President for revising the salaries of government service by the budget 2025;
• To empower the Secretary to the Ministry of Public Administration, Provincial Councils and Local Governments to issue circular instructions to the the secretaries of all the Ministries, Local Government Secretaries and Heads of Departments in regard to salary revisions of the government service.
• To empower the Secretary to the Ministry of Finance, Plan Implementation and Economic Development to issue circular instructions for state corporations, statutory boards and fully government owned companies and other institutions.
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Amendment of the Companies Act No. 07 of 2007 to be Gazetted

Approval of the Cabinet of Ministers has been granted to amend the Companies Act No. 07 of 2007 for remedying the shortcomings related to the transparency according to the international standards for prevention of money laundering, financing terrorism and other illegal activities.
Accordingly, the draft bill prepared by the Legal Draftsman has been revised as per instructions provided by the Attorney General subject to the special decision of the Supreme Court No. SC/SD/92/2024 and clearance of the Attorney General has been granted for the final draft bill prepared by the Legal Draftsman.
The Cabinet of Ministers granted approval to the resolution furnished by the Minister of Trade, Commerce, Food Safety and Cooperative Development to publish the aforementioned draft bill in the government gazette notification and subsequently submit to the Parliament for its concurrence.
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