Company History

Undisputed

With the dawn of a new decade, Ceylinco Life celebrated 19 years of Market Leadership and promises many more years of championing Life Insurance and aiming to protect all Sri Lankans.

Strength in Numbers

Ceylinco Life became the fastest life insurance company to surpass the 100 Billion Life Fund mark, and only the second life insurance company in Sri Lanka to achieve this feat, ensuring financial protection for the assurance placed by our policyholders on us.

A Separate Entity

Keeping up with the change in regulatory requirements the company became a separate entity as Ceylinco Life Insurance Limited and was incorporated on the 22nd of April 2014.

Being The Pioneer

Ceylinco Life has always been at the forefront of innovation and in 2012 we launched Sri Lanka’s first Online Life Insurance Plan. We were also the first life insurer to introduce Tele-Underwriting to Sri Lanka and the first life insurance company to surpass the One Billion annual premium income.

Moving Forward

In the year 2000 a separate brand icon was introduced for the life insurance division as Ceylinco Life and in 2004 we achieved the market leadership.
The now iconic loyalty programs, the Pranama Scholarship scheme and Family Savari, which are household names today, were also introduced in 2001 and 2007 respectively.

Achieving Success

In 1993 Ceylinco Life produced the first MDRT qualifier in Sri Lanka and continued to further empower the sales force by introducing professional courses in 1995. The company’s foresight and vision enabled them to introduce the first pension product in 1999.

The Rebirth

The company which was renamed as Ceylinco transformed into a major corporate entity, In 1987, the company’s name was changed to Ceylinco Ltd., when it was registered as a public company and commenced business from the 14th of January 1988.

Humble Beginnings

Ceylon Insurance Company was founded by Hugh Weerasekere and Cyril E. S. Perera. It was the first Ceylonese Company to be registered under the Companies Ordinance of 1938. The company commenced business on 3 April 1939, providing life and general insurance services.