Ceylinco Life has a deep rooted history in the annals of Sri Lankan life insurance. From humble beginnings to the Life Insurance giant we are today, we have passed through milestones which are not just significant for us as a company, but for the Sri Lankan life insurance industry as well, setting the benchmark and leading by example.
Being the household name for life insurance for almost 30 years, of which 13 have been the market leader, it is evident that we have moved from strength to strength, in rough seas as well as in calm waters and we will continue to sail forward.
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.
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.
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 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.
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.