Ceylinco Life won four awards, including two Golds, one Silver and a Bronze, at the National Business Excellence Awards (NBEA) for 2021 presented by the National Chamber of Commerce of Sri Lanka (NCCSL) to honour Sri Lankan businesses that excel in their respective fields.
Sri Lanka’s life insurance leader received two prestigious Criteria Awards: the Gold for Excellence in Corporate Governance & Strategy and the Silver for Excellence in Environmental Sustainability; as well as a Gold for Business Excellence in the Insurance Sector under the Business Sector awards; and the Bronze for Business Excellence in the Extra-large category under the Category awards.
“We are delighted to win these important awards in recognition of business excellence achieved in one of the most challenging years in recent times,” Ceylinco Life Managing Director/CEO Mr Thushara Ranasinghe said. “Awards of this nature provide motivation to our team to work towards raising the bar even further as we respond to the evolving needs of our customers, the community and the planet.”
The judging process for the National Business Excellence Awards included evaluating applications based on a seven-point criteria and reviews in three stages: a desk review involving a technical panel, interviews of shortlisted candidates, and a final review of all preliminary evaluation reports and the outcome of the interviews by a panel of judges.
The seven aspects assessed were strategy & leadership; corporate governance; capacity building; performance management; local and global markets; corporate social responsibility & environmental sustainability; and business & financial results.
The awards ceremony was held recently at the BMICH in compliance with Covid-19 related health guidelines. According to the National Chamber of Commerce, weightage was given to institutions that are conscious of the importance of reducing carbon emissions, transforming the nature of the workplace, and creating value for all in society.
Launched in 2004 by the National Chamber of Commerce of Sri Lanka, the National Business Excellence Awards programme has maintained high standards and gained prestige among the business community and is recognised as a well-structured awards scheme that acknowledges excellence of businesses in Sri Lanka.
Adjudged Sri Lanka’s Service Brand of the Year by the Sri Lanka Institute of Marketing (SLIM) in 2021 and the winner of the SLIM Kantar Peoples Award as the Most Popular Life Insurance Company in Sri Lanka for the 16th consecutive year, Ceylinco Life has been the country’s leading life insurer for more than half of the 34 years it has been in existence. Other accolades won in respect of 2021 include the ‘Most Popular Service Provider’ in Sri Lanka’s Life Insurance industry in 2021 by LMD, the ‘Most Valuable Life Insurance Brand’ in Sri Lanka by Brand Finance, one of the 10 Most Admired Companies in Sri Lanka by the International Chamber of Commerce Sri Lanka (ICCSL) in collaboration with the Chartered Institute of Management Accountants (CIMA), and one of the 10 Best Workplaces in Sri Lanka’s Banking, Financial Services and Insurance (BFSI) sector by Great Place to Work.
Ceylinco Life has close to a million lives covered by active policies and provides innovative life insurance solutions which offer protection while de-risking the goals and ambitions of the Company’s policyholders.