25% more for policyholders this year in celebration of
companyâ€™s 25th Anniversary
Policyholders who qualify for annual bonuses from Ceylinco Life will receive 25 per cent above their
entitlement this year, as the life insurance leader celebrates 25 years in business.
More than 340,000 policyholders will benefit from this special 25 th anniversary windfall, receiving a total
of Rs 2.4 billion in bonus payments in April 2013, the company announced.
This bonus, which is in respect of the surplus generated by Ceylinco Lifeâ€™s Life Fund in FY 2012, reflects a
33 per cent increase over the Rs 1.8 billion in annual bonuses paid in respect of the previous year.
As in previous years, even policyholders who purchased their policies in December 2012 will be eligible
to receive a bonus, in line with the companyâ€™s policy of declaring bonuses from the very first year of
issue of a policy.
â€œCeylinco Life has much to celebrate as it embarks on its 26th year in business, not least of all the fact
that it has been the market leader for the past nine years,â€ the companyâ€™s Managing Director and
CEO R. Renganathan said. â€œOur policyholders are our biggest asset, and it is most appropriate that we
celebrate our 25th anniversary by giving them a tangible benefit.â€
â€œThis yearâ€™s bonus payout is consistent with our policy of providing Ceylinco Life policyholders with a
significantly higher return than promised,â€ he added.
Ceylinco Life made a net transfer of Rs 7.62 billion to its Life Fund in 2012, an increase of Rs 1.29 billion
or 20.4 per cent over the previous yearâ€™s transfer. As a result, the companyâ€™s Life Fund grew by 19.9 per
cent to Rs 45.823 billion at the end of the year.
The bonus payout announced takes the total benefits paid to Ceylinco Life policyholders in respect of
2012 to Rs. 3.9 Billion, an increase of Rs 1 billion or 35 per cent over the previous year.
Independently rated one of Sri Lankaâ€™s most valuable brands, Ceylinco Life has maintained its leadership
of the countryâ€™s long term insurance sector from 2004 onwards. The company operates the largest
branch network among local life insurance companies, and has won multiple international and local
awards for its commitment to the community and success in brand equity building.