With a Life Fund exceeding Rs. 81 billion, being the fastest growing Life Fund in the industry, Rs. 6.9 billion in customer benefits provided to policyholders during the year 2017 and 14 years as Market Leader, we are proud of what we have achieved, both in terms of corporate goals and what we have given back to our policy holders.
The Life Fund of the Company exceeded Rs.81 billion as at 31st December 2017, indicating a growth of 14.58% over 2016, is the fastest growing Life Fund in the industry.
Our actuarial valuation of the Life Fund is carried out by the Independent Consulting Actuary, Willis Towers Watson.
The investments pertaining to the Life-Fund are made in conformity with the investment guidelines stipulated under the Regulation of the Insurance Industry Act No. 43 of 2000.
51% – Government Securities
29% – Corporate Debt
12% – Term Deposits
8% – Real Estate
1% – Other
6.9 billion rupees worth of customer benefits provided to policyholders during the year 2017
Customer Benefits Paid in 2016
|Death Claims & Other Claims||Rs.1,568 Mn|
|Advance Payments||Rs. 750 mn|
|Cash/Loyalty Bonuses||Rs. 260 mn|
|Maturities||Rs. 4,220 mn|
Ceylinco Life gained its leadership position in the life insurance industry back in 2004 with a premium income of Rs. 3,962 million. We continue to be the market leader for the 14th consecutive year with a recorded premium income of Rs. 15.7 billion and a market share of 22% as at 31.12.2017