News
Union Assurance launches industry-first adviser welfare scheme
Union Assurance last week introduced Adviser Welfare Scheme—a pioneering initiative designed to empower and support its adviser network and their families throughout their unique journeys of progress. This first-of-its-kind proposition in the Sri Lankan Life Insurance industry reflects the Company’s unwavering commitment to the well-being of its sales force, offering vital financial assistance during times of need.
The Scheme presents a comprehensive proposition that includes a wide range of benefits, such as coverage for critical illnesses, bereavement support in the event of a spouse’s death, family welfare assistance and scholarships for children, and protection against property damage. By launching this exclusive initiative, Union Assurance aims to instil confidence and resilience in its advisers, enabling them to navigate life’s challenges with greater assurance. Beyond financial support, the Adviser Welfare Scheme also stands as a powerful symbol of solidarity and care of the Company. It represents Union Assurance’s dedication to nurturing a strong internal community by investing in the holistic well-being.
“We firmly believe that our people are the driving force behind our success. The launch of a Welfare Scheme stands as a powerful reflection of our unwavering commitment to support and uplift the individuals who serve our customers with dedication every day,” said Imtiyaz Aniff, Chief Agency Officer of Union Assurance.
“We are also proud to lead the way in setting industry benchmarks for adviser welfare, fostering a culture rooted in care, resilience, and excellence across Sri Lanka’s Life Insurance sector. Combined with our continued investments in world-class rewards, recognition, and comprehensive training and development programmes, our sales force is fully equipped to deliver exceptional service to our customers.”
The Colombo Stock Exchange (GL 12) has contributed LKR 25 million to the Rebuilding Sri Lanka Fund.
The cheque was handed over to the Secretary to the President Dr. Nandika Sanath Kumanayake by the Chairman of the Colombo Stock Exchange, Dimuthu Abeyesekera, the Chief Executive Officer Rajeeva Bandaranaike and Senior Vice Chairman Kusal Nissanka at the Presidential Secretariat.
News
Karu argues against scrapping MPs’ pension as many less fortunate members entered Parliament after ’56
Former Speaker of Parliament Karu Jayasuriya has written to President Anura Kumara Dissanayake expressing concerns over the proposed abolition of MPs’ pensions.The letter was sent in his capacity as Patron of the Former Parliamentarians’ Caucus.
In his letter, Jayasuriya noted that at the time of Sri Lanka’s independence, political participation was largely limited to an educated, affluent land-owning elite. However, he said a significant social transformation took place after 1956, enabling ordinary citizens to enter politics.
He warned that under current conditions, removing parliamentary pensions would effectively confine politics to the wealthy, business interests, individuals engaged in illicit income-generating activities, and well-funded political parties. Such a move, he said, would discourage honest social workers and individuals of modest means from entering public life.
Jayasuriya also pointed out that while a small number of former MPs, including himself, use their pensions for social and charitable purposes, the majority rely on the pension as a primary source of income.
He urged the President to give due consideration to the matter and take appropriate action, particularly as the government prepares to draft a new constitution.The Bill seeking to abolish pensions for Members of Parliament was presented to Parliament on 07 January by Minister of Justice and National Integration Dr. Harshana Nanayakkara.
Five suspects, including former Minister Johnston Fernando and his two sons, who were arrested by the Financial Crimes Investigation Division (FCID), were further remanded until 30 January by the Wattala Magistrate’s Court yesterday.
The former Minister’s , sons Johan Fernando and Jerome Kenneth Fernando, and two others, were arrested in connection with the alleged misuse of a Sathosa vehicle during Fernando’s tenure as Minister.
Investigations are currently underway into the alleged misuse of state property, including a lorry belonging to Lanka Sathosa, which reportedly caused a significant financial loss to the state.
In connection with the same incident, Indika Ratnamalala, who served as the Transport Manager of Sathosa during
Fernando’s tenure as Minister of Co-operatives and Internal Trade, was arrested on 04 January.
After being produced before the Wattala Magistrate’s Court, he was ordered to be remanded in custody until 09 January.The former Sathosa Transport Manager was remanded on charges of falsifying documents.
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