Ceylinco Insurance PLC incorporated its two fully owned subsidiaries Ceylinco Life Insurance Limited and Ceylinco General Insurance Limited in order to carry out its long term and general insurance businesses while complying with the segregation of the two classes of insurance businesses under the Regulation of the Insurance Industry (Amendment) Act.

Accordingly, the Insurance Board of Sri Lanka has permitted Ceylinco Life Insurance Limited and Ceylinco General Insurance Limited to carry on long term insurance business and general insurance business respectively with effect from 01 June 2015.

The license issued to Ceylinco Insurance PLC to operate as an insurer is suspended with effect from 01 June 2015.