January, 13, 2023
Ceylinco Life’s Senior Business Promotion Manager Mr A. I. P. Manjula of the Ambalantota branch was recently honoured with two awards, the Gold for ‘Best Advisors’ in the Large Company category and the Overall Gold for the Best Advisor, at the National Life Insurance Awards presented by the Insurance Association of Sri Lanka (IASL) during the National Forum for Life Insurance Advisors (NAFLIA) Conference 2022.
Mr Manjula was also the winner of the Overall Best Sales Consultant title at Ceylinco Life’s Annual Awards of 2022.
Themed ‘Rise above the challenges: Transformation has begun,’ the National Life Insurance Awards 2021 also honoured Best Unit Heads and Best Branch Managers under the Large, Medium and Small company categories at the 13th edition of NAFLIA that took place at the Grand Ballroom of Hilton Colombo.
December, 13, 2022
Life insurance leader also wins second consecutive Gold as Service Brand of the Year and Silver for Innovative Brand of the Year
Ceylinco Life achieved the ultimate in brand success on Thursday 8th December 2022 when it was crowned Sri Lanka’s Brand of the Year – the top accolade presented by the Sri Lanka Institute of Marketing (SLIM) – transcending brands of all sectors of business.
The life insurance market leader also won the Gold award as the Service Brand of the Year at the 2022 edition of the SLIM Brand Excellence awards, repeating a feat it achieved in 2021, and took the Silver for Most Innovative Brand of the Year for its ground-breaking product ‘Ceylinco Life Pension Saver.’
“This is a great way to bring 2022 to a close,” Ceylinco Life Chairman Mr R. Renganathan commented. “Adversity is a true test of character, and to be named the Brand of the Year in one of the most challenging years in memory is possibly the best way to demonstrate the strength and dynamism of a brand. We dedicate this award to the fortitude and passion of every member of the Ceylinco Life family and to the million Sri Lankan lives under our protection.”
Easily the biggest event of the year for the professional marketer fraternity, the SLIM Brand Excellence Awards recognise top brands with five main awards and 10 special awards every year.
For the purpose of these awards, multiple aspects of brand building are evaluated under the headings of Brand intent, Brand content, Brand process and Brand performance, assessing not just the commercial success of brands but their fulfillment of promises to consumers. The SLIM Brand Excellence awards are considered the ultimate recognition of the courage, dedication and perseverance marketers have demonstrated in making their brands champions.
This is the second consecutive year that Ceylinco Life has won a prestigious triple at the SLIM Brand Excellence awards. At the awards presented in respect of 2021 the Company was adjudged Sri Lanka’s Service Brand of the Year and took the Gold for Best New Entrant Brand of the Year for ‘Pension Saver’ and won the Silver for CSR Brand of the Year.
Ceylinco Life’s award-winning ‘Pension Saver’ product is a Retirement cum Life Protection Plan that offers a Premium Assurance Benefit, Loyalty Rewards, and a monthly pension after maturity. The marketing of the product has helped significantly raise awareness about the importance of retirement planning for Sri Lankans, which is clearly communicated via the product’s features as well as the touchpoints and messaging used to promote the brand.
Adjudged the ‘Most Valuable Life Insurance Brand in Sri Lanka’ by Brand Finance and certified a ‘Great Workplace’ in Sri Lanka for the third consecutive year in 2022, Ceylinco Life was declared Sri Lanka’s Service Brand of the Year by the Sri Lanka Institute of Marketing (SLIM) in 2021 and won the SLIM Kantar Peoples Award as the Most Popular Life Insurance Company in Sri Lanka for the 16th consecutive year, also in 2021. 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 from LMD, the ‘Most Valuable Life Insurance Brand’ in Sri Lanka from Brand Finance, one of the 10 Most Admired Companies in Sri Lanka from 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 from 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.
Photo caption: The Ceylinco Life team with the awards won at the SLIM Brand Excellence Awards 2022.
December, 6, 2022
Ceylinco Life hosted the ninth installation ceremony of its Toastmasters Club recently, during which a new executive committee was appointed, new members were welcomed, and awards and accolades were bestowed upon outstanding members of the past year.
Ms Ruvini de Silva, Senior Assistant Manager Customer Service was appointed the new President of the Club to lead the executive committee comprising of Mr Ravi De Mel as Vice President Education, Ms Izzath Ramlan as Vice President Membership, Mr Mohammadhu Riham as Vice President Public Relations, Ms Thilini Kularathne as Secretary, Ms Keshani Samarakoon as Treasurer and Ms. Anshila Perera as Sergeant-at-Arms.
Five Toastmasters were honoured for completing Level Five of the Educational Programme during the year. Mr Gayan Lakmal Alwis and Ms Ruvini de Silva were honoured for the completion of Level Five of the ‘Dynamic Leadership’ Path (DL5) which included focusing on leadership and recognising the need to adapt styles based on the situation and the people they lead, among others. Mr Samitha Hemachandra , Mr Chulaka Kumarasinghe, and Mr Milinda Peiris were honoured for completing the fifth level of the ‘Presentation Mastery’ Path (PM5) which included a project designed to demonstrate expertise in preparing to speak professionally.
The ‘Triple Crown Award,’ one of the most prestigious educational awards in Toastmasters, presented to members who have achieved three or more educational and leadership awards within a programme year was presented to Mr Samitha Hemachandra, Mr Gayan Lakmal Alwis, Mr Chulaka Kumarasinghe, Ms Ruvini de Silva, Mr Milinda Peiris, and Mr Ravi De Mel.
Additionally, four members who demonstrated exceptional skills to bring recognition to the club and the Ceylinco Life brand among the Toastmasters fraternity were inducted to the Ceylinco Life Toastmasters Club - Hall of Fame of 2022. This honour was bestowed upon Mr Chulaka Kumarasinghe, for his leadership in the division, Mr Gayan Lakmal Alwis for winning the Table Topics Division contest, Mr Milinda Peiris for his achievement as first runner-up in the Humorous Speech contest in the area level, and Mr Kamal Rupasiri for demonstrating leadership through the Club Quality Awards.
The Club honored Mr Chulaka Kumarasinghe, Distinguished Toastmaster, with the Honorary Lifetime Award for his new appointment as the Assistant Division Director in the Division and his achievements in the education and leadership roles during the year.
During the event, six new members were inducted to the Ceylinco Life Toastmasters Club which had 24 registered members. As a testament to its prowess in communication and leadership of its members, the club has been accorded ‘Distinguished’ status every year since it came into being.
Toastmasters International is a world leader in communication and leadership development with a membership of more than 280,000. Members improve their speaking and leadership skills by attending one of the 14,700 clubs in 144 countries that make up the global network of meeting locations.
Adjudged the ‘Most Valuable Life Insurance Brand in Sri Lanka’ by Brand Finance and certified a ‘Great Workplace’ in Sri Lanka for the third consecutive year in 2022, Ceylinco Life was declared Sri Lanka’s Service Brand of the Year by the Sri Lanka Institute of Marketing (SLIM) in 2021 and won the SLIM Kantar Peoples Award as the Most Popular Life Insurance Company in Sri Lanka for the 16th consecutive year, also in 2021. 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 from LMD, the ‘Most Valuable Life Insurance Brand’ in Sri Lanka from Brand Finance, one of the 10 Most Admired Companies in Sri Lanka from 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 from 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.
Photo caption: The new Executive Committee of Ceylinco Life’s Toastmasters Club, with the Company’s senior management.
November, 29, 2022
Lays foundation stone for first low-cost precast concrete structure to become 47th company-owned property
Steadfast in its commitment to a greener environment, Ceylinco Life recently laid the foundation for its newest eco-friendly branch building in Minuwangoda, which will be the first of the Company’s branches to adopt a new low-cost precast concrete technology.
The new building will be built to the environment-friendly specifications adopted for all new branches on Company-owned land, and upon completion will be the 47th property to be owned by Ceylinco Life and the 32nd branch to operate in a Company-owned building.
The two-storey building at No 101, Veyangoda Road, Minuwangoda, will have 3,270 square feet of office space and seven dedicated parking slots.
As per the green mandate of Ceylinco Life, this branch will be powered entirely by a 20kW solar power system that results in zero consumption of electricity from the national grid, will have its own rainwater harvesting facility and a waste-water recycling system, minimising the use of pipe-borne water.
It will also be purpose-designed to make optimal use of natural light and will be fitted with energy-efficient artificial lighting and air conditioning systems. The precast construction method will also ensure minimal timber is used in the construction, the Company said.
Commenting on this latest construction project, Ceylinco Life Executive Director/CFO Mr Palitha Jayawardena said: “Our commitment to the environment and our continuing effort to expand operations via Company-owned properties even in the backdrop of the current economic crisis, are testaments to our positive outlook towards the future and the imperatives of sustainability.”
Members of Ceylinco Life’s Board of Directors and teams from the branch were present at the foundation stone laying ceremony.
Ceylinco Life is in the process of constructing two other Green buildings for its branches in Ja-Ela and Matale. The Company currently owns the buildings housing its offices in Anuradhapura, Trincomalee, Jaffna, Batticaloa, Kandy, Kalutara, Kurunegala, Gampaha, Galle, Matara, Tissamaharama, Negombo, Ratnapura, Kotahena, Mount Lavinia, and Wellawatte, many of which have already been converted to solar energy. Among the new branch buildings purpose-built to the company’s sustainable energy model are those at Horana, Panadura, Wennappuwa, Bandarawela, Chilaw, Kadawatha, Jaffna, Malabe, Divulapitiya, Negombo, and Piliyandala.
Ceylinco Life operates the largest network of 275 branches in Sri Lanka’s life insurance industry, giving it a physical presence in 142 cities, towns, and villages in every one of the island’s 25 districts.
Adjudged the ‘Most Valuable Life Insurance Brand in Sri Lanka’ by Brand Finance and certified a ‘Great Workplace’ in Sri Lanka for the third consecutive year in 2022, Ceylinco Life was declared Sri Lanka’s Service Brand of the Year by the Sri Lanka Institute of Marketing (SLIM) in 2021 and won the SLIM Kantar Peoples Award as the Most Popular Life Insurance Company in Sri Lanka for the 16th consecutive year, also in 2021. 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 from LMD, the ‘Most Valuable Life Insurance Brand’ in Sri Lanka from Brand Finance, one of the 10 Most Admired Companies in Sri Lanka from 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 from 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.
Photo caption: Ceylinco Life directors and representatives of the senior management at the foundation stone laying ceremony and (Below) an artist’s impression of the new building to be constructed.
November, 15, 2022
The Institute of Certified Management Accountants (CMA) of Sri Lanka has recognised the 2021 Annual Report of Ceylinco Life as one of the ‘Five Excellent Integrated Reports’ honoured at the recently held CMA Excellence in Integrated Reporting Awards 2022.
Titled ‘Derisking the Nation: Today & Beyond’ the life insurance leader’s latest report presented a concise and relevant account of the company’s operating environment, strategy, performance, value creation, governance, risk management and future outlook, and illustrated how the Company forged ahead with a strong sense of purpose to de-risk the nation in another challenging year.
Covering the operations of the Company from 1st January to 31st December 2021, Ceylinco Life’s annual report also expounded on the progress made on its triple bottom line priorities while outlining its organisational overview, integrated strategy for value creation, stewardship and corporate governance and financial statements, in addition to necessary supplementary information.
These elements in Ceylinco Life’s annual report aligned with the guidelines issued by the International Integrated Reporting Council (IIRC) that underpin the preparation of an integrated report. The Guiding Principles include strategic focus and future orientation, connectivity of information, stakeholder relationships, materiality, conciseness, reliability and completeness, and consistency and comparability.
“Integrated reporting has become indispensable to our commitment to transparency across all aspects of the business and assumes even greater importance at times like these, when companies have to respond to myriad challenges,” Ceylinco Life Executive Director/CFO Mr Palitha Jayawardena said. “We are delighted therefore to have our annual report put under the microscope of CMA Sri Lanka, the national professional management accounting institute in Sri Lanka, and to pass the test with flying colours.”
The integrated reports considered at this year’s 8th edition of the Annual Integrated Reporting Awards competition were evaluated using guidelines applicable in the International <IR> Framework issued in December 2013. The evaluation process took into account not only the accounting and financial information but also non-financial information provided in <IR>.
The marking process comprised an initial shortlisting by a technical evaluation panel and a final assessment by a panel of eminent international and local judges chaired by Prof. Ho Yew Kee, Associate Provost - Singapore Institute of Technology (SIT) and former Professor in Accounting, National University of Singapore. These were followed by interviews with the shortlisted companies.
Notably, Ceylinco Life’s 2020 annual report too was recognised as one of the 10 Best Integrated Reports by CMA and won the joint Silver Award in the ‘Insurance Companies’ category at the CA Sri Lanka awards that recognise the best financial reports produced in the country.
The CMA Excellence in Integrated Reporting Awards competition is organised annually by the Institute of Certified Management Accountants of Sri Lanka. The purpose of the awards programme is to encourage Sri Lankan companies to undertake integrated reporting which will be beneficial to investors and stakeholders.
Adjudged the ‘Most Valuable Life Insurance Brand in Sri Lanka’ by Brand Finance and certified a ‘Great Workplace’ in Sri Lanka for the third consecutive year in 2022, Ceylinco Life was declared Sri Lanka’s Service Brand of the Year by the Sri Lanka Institute of Marketing (SLIM) in 2021 and won the SLIM Kantar Peoples Award as the Most Popular Life Insurance Company in Sri Lanka for the 16th consecutive year, also in 2021. 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 from LMD, the ‘Most Valuable Life Insurance Brand’ in Sri Lanka from Brand Finance, one of the 10 Most Admired Companies in Sri Lanka from the International Chamber of Commerce Sri Lanka (ICCSL) in collaboration with the Chartered Institute of Management Accountants (CIMA), U.K. and one of the 10 Best Workplaces in Sri Lanka’s Banking, Financial Services and Insurance (BFSI) sector from 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.
Photo caption: Ceylinco Life Executive Director/Chief Finance Officer Mr Palitha Jayawardena (4th from left) accompanied by representatives of the company receives the CMA award for Excellence in Integrated Reporting.
October, 18, 2022
Ceylinco Life has announced a return to its much-loved ‘family vacation’ theme to reward the winners of the next edition of the company’s ‘Family Savari’ mega promotion with the diminishing concerns about COVID-19, and has unveiled a new prize scheme that includes hotel stays for the top tier winners.
However, in a continuing acknowledgement of the economic pressures on the populace, the country’s life insurance market leader said it will continue to present attractive cash prizes and valuable supermarket shopping vouchers to the majority of winners in ‘Family Savari 16.’
A total of 1,155 policyholders will be selected at five draws that will take place between December 2022 and August 2023 for this edition of the promotion. At each draw, three policyholder families will each win a full-board vacation at top-notch hotels rated ‘Premier’ while another three families will each win a vacation package at hotels in the ‘Deluxe’ category, the Company said. Additionally, five policyholders will win cash prizes of Rs 100,000 each, another 20 policyholders Rs 50,000 each, and a third set of 50 policyholders will be rewarded with Rs 25,000 each. Furthermore, 150 policyholders will walk away with supermarket shopping vouchers worth Rs 10,000 each, at every draw.
In total, Ceylinco Life will have, at the culmination of ‘Family Savari 16,’ presented 30 family vacations, Rs 13.75 million in cash prizes and supermarket vouchers to the value of Rs 7.5 million, ensuring there is no diminution in the value of the prize purse.
Commenting on the launch of the new ‘Family Savari’ edition, Ceylinco Life’s General Manager - Marketing Mr Samitha Hemachandra said: “We are delighted to put the ‘Savari’ back in ‘Family Savari’ after a two-year hiatus. The promotion has always been about creating opportunities for families to relax and spend quality time together. We know that this is becoming difficult to do for many people due to the economic situation, and felt it is time to revert to the family vacations theme that will also help alleviate some of the stress families are experiencing.”
Since the beginning of the Covid-19 pandemic in 2020, ‘Family Savari’ has rewarded winners with gold instead of overseas holidays and local excursions, and subsequently with cash rewards to the full value of the prize purse in response to the foreign exchange crisis in the country.
‘Family Savari 16’ was launched in the presence of representatives of Ceylinco Life’s senior management and was livestreamed via Zoom to all Ceylinco Life branches around the country. As ambassadors of the mega promotion, Sri Lankan celebrities Roshan Ranawana and his wife Kushlani too were present at the event.
To be eligible to win hotel stays, cash prizes, and vouchers at the draws, all Ceylinco Life policyholders have to do is to continue their existing policies with the Company or maintain a minimum account balance in their retirement plans during the promotion period. Additional winning chances would be given to customers who pay their premiums directly to the company and further chances will be assigned corresponding to the time they have been Ceylinco Life customers.
Intended to stimulate interest in life insurance and encourage policyholders to keep their policies active, the ‘Family Savari’ programme has benefitted more than 27,650 people to date. Grand-prize winning families at previous Family Savari promotions have visited Australia, Italy, England, Germany, Switzerland, Japan, and France, while other winners have toured China, Dubai, and Singapore.
Adjudged the ‘Most Valuable Life Insurance Brand in Sri Lanka’ by Brand Finance and certified a ‘Great Workplace’ in Sri Lanka for the third consecutive year in 2022, 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, and 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.
Photo caption: Ceylinco Life Chairman Mr R. Renganathan and Managing Director/CEO Mr Thushara Ranasinghe (3rd and 4th from left respectively) with the Family Savari Brand Ambassadors and representatives of the company’s Marketing team at the launch of Family Savari 16.
October, 13, 2022
Ceylinco Life recently laid the foundation stone for the construction of a classroom for the Pelpola Kanishta Vidyalaya in Galpatha, Kalutara, and has conducted two more free medical camps under its ‘Waidya Hamuwa’ programme, demonstrating the Company’s continued commitment to chosen community causes despite the prevailing socio-economic challenges.
The life insurance leader has donated classroom buildings to 84 schools to date and said it will donate the construction material required for the latest classroom building, despite the escalating costs of such materials. The school community has agreed to contribute the labour, and the project will be coordinated by Ceylinco Life’s Horana branch. This is the second classroom donation initiative for the year by Ceylinco Life under this long-running community programme.
Meanwhile, under its health-related community initiatives, Ceylinco Life conducted two more medical camps in the Matale and Kandy districts. These are the fourth and fifth ‘Waidya Hamuwa’ programmes for the year after the Company resumed its community health screening initiative in May.
The latest medical camps were held at the Madawala Ulpotha Gonagala Maha Vihara in Matale and at the Welivita Sri Sangaraja K.V. school in Kandy, to which Ceylinco Life had previously donated a classroom.
These camps benefited over 400 people by providing free access to doctors and health screenings. Electrocardiograms, vision and body mass index (BMI) checks, and tests for fasting blood sugar, random blood sugar, and cholesterol were administered at these camps. Patients diagnosed with health concerns and diseases such as hypercholesterolemia, diabetes, hypertension, varicose veins and heart ailments were prescribed medication, given medical advice and suggestions to make healthy lifestyle changes.
The latest health camps were organised by the staff of the Ceylinco Life Head Office and branches in Matale, Pilimatalawa and Rambukkana. To date, Ceylinco Life’s Waidya Hamuwa programme has benefitted more than 146,000 people via 392 ‘Waidya Hamuwa’ camps across the country.
The winner of the ‘CSR Brand of the Year – Silver’ award presented by the Sri Lanka Institute of Marketing (SLIM) in 2020 and 2021, Ceylinco Life was adjudged the ‘Most Valuable Life Insurance Brand in Sri Lanka’ by Brand Finance and certified a ‘Great Workplace’ in Sri Lanka for the third consecutive year in 2022. The Company was named Sri Lanka’s Service Brand of the Year by 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, and 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.
October, 6, 2022
Prize purse of Rs 30 million disbursed over past one year to reward loyal policyholders
Six one-million-rupee winners and 1050 other winners later, the 15th edition of Ceylinco Life’s annual Family Savari promotion concluded recently, but the Company says the good times are not over, with the next edition soon to be announced.
The Rs 1 million grand prize winner at the sixth and final draw of the mega promotion emerged from Kuliyapitiya while two more lucky policyholders from Vavuniya and Bandarawela won Rs 250,000 each. Fortune also favoured policyholders from all around the island, including from places as diverse as Padaviya, Wennappuwa, Pelmedulla and Akuressa. The concluding Family Savari draw rewarded a total of 176 winners: 76 with cash prizes and 100 with supermarket vouchers.
In all, the six bi-monthly draws of the 15th Ceylinco Life Family Savari promotion benefitted 1056 policyholders who received cash prices to the value of Rs 24 million and supermarket vouchers to the value of Rs 6 million, making a prize purse of Rs 30 million.
Besides the six one-million-rupee prize winners, the draws rewarded another 450 winners with cash prizes totalling Rs 18 million and presented 600 consolation prizes of supermarket shopping vouchers, each worth Rs 10,000.
To be eligible to win prizes at these draws, Ceylinco Life policyholders had to simply continue their existing policies with the Company or maintain a minimum account balance in their retirement plans during the promotion period. Additional winning chances were given to customers who paid their premiums directly to the company and further chances were assigned corresponding to the time they have been Ceylinco Life customers.
Intended to stimulate interest in life insurance, encourage policyholders to keep their policies active, the ‘Family Savari’ programme has benefitted more than 27,650 people to date. Grand-prize winning families at previous Family Savari promotions have visited Australia, Italy, England, Germany, Switzerland, Japan, and France, while other winners have toured China, Dubai, and Singapore.
Adjudged the ‘Most Valuable Life Insurance Brand in Sri Lanka’ by Brand Finance and certified a ‘Great Workplace’ in Sri Lanka for the third consecutive year in 2022, 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, and 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.
Photo caption: Ceylinco Life Managing Director/CEO Mr Thushara Ranasinghe (left) conducts the final draw electronically in the presence of members of the company’s senior management.
September, 16, 2022
Ceylinco Life has been certified a ‘Great Workplace’ in Sri Lanka for a third consecutive year, following an independent analysis conducted by Great Place to Work®, the global authority on workplace culture.
The life insurance market leader achieved its second successive five-mark improvement in its Trust Index™ score in 2022, enhancing its overall rating by Great Place to Work®.
The employee experience is assessed based on the five principles of Credibility, Respect, Fairness, Pride, and Camaraderie in the Trust Index© Survey, while existing people practices are assessed via a Culture Audit© Management Questionnaire.
Ceylinco Life met the global assessment standards required to be Great Place to Work-Certified™ in 2020 and 2021 as well, and was ranked among the 10 Best Workplaces in Sri Lanka’s Banking, Financial Services and Insurance (BFSI) sector in 2021 by Great Place to Work®.
In the latest survey, Ceylinco Life was accorded the top rating for the key focus areas of ‘Corporate Image,’ ‘Meaningful Values’ and ‘Integrity,’ and was ranked above the average achieved by the 50 best ‘Great Workplaces’ in terms of statements related to ‘Management Competency,’ Physically Safe place to Work,’ ‘Management Vision’ and ‘Credibility.’ Notably, Ceylinco Life’s ratings for key focus areas were similar for both genders of employees, the Company said. The survey covered 100 per cent of Ceylinco Life’s full-time employees.
“While trust between employees and management is always important, it becomes absolutely mission-critical in times of challenge,” Ceylinco Life Managing Director/CEO Mr Thushara Ranasinghe noted, commenting on this latest accolade. “We are therefore most encouraged to learn that we have consistently improved our Trust Index score over the past two years, arguably among the most adverse in recent memory. The Great Place to Work survey reaffirms that Ceylinco Life continues to make strides in enhancing workplace culture.”
Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognise outstanding workplace cultures.
Adjudged the ‘Most Valuable Life Insurance Brand in Sri Lanka’ in 2022 by Brand Finance, 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, and 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).
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.
September, 5, 2022
Ceylinco Life recently hosted its 21st annual ‘Pranama Scholarships’ programme via a virtual ceremony during which 147 young Sri Lankans who had excelled at public exams and extracurricular activities were presented scholarships exceeding Rs 11.1 million in value.
The ceremony which was livestreamed via Zoom for the second consecutive year, saw the participation of over 200 pupils, parents and teachers. Senior Professor Nilanthi De Silva, Vice Chancellor of the University of Kelaniya graced the online event as the guest speaker.
Current scholarship winners Miss M. B. Amandi Dilshara Samarawickrama placed first in the Galle district and Mr Thanaraj Sundarbavan placed first in the Jaffna district at the GCE Advanced Level examination also addressed the audience during the ceremony.
Ceylinco Life ‘Pranama Scholarships’ are presented to policyholder’s children who achieve the best results in their respective districts at the Year 5 scholarship examination, the GCE Ordinary Level, and the GCE Advanced Level as well as to those who excel at the national level in sports, invention, drama, cultural activities, or display other special skills. The Company also pays special cash awards to policyholder’s children who are placed second, third and fourth at district level at the GCE Advanced Level examinations.
The latest edition of ‘Pranama Scholarships’ rewarded 28 students who excelled at the 2021 Year 5 scholarship examination with Rs 120,000 each, payable in instalments over five years. Another 25 students who excelled at the 2020 G.C.E. Ordinary Level Examinations will each receive Rs 84,000, payable monthly over two years, while 25 students placed 1st in their districts at the 2020 G.C.E. Advanced Level examinations will receive scholarships worth Rs 144,000 each, payable over a three-year period.
Furthermore, one-time payments of Rs 30,000 each were presented to 65 students placed 2nd, 3rd and 4th in their districts at the 2020 GCE Advanced Level examination.
Another four students who excelled in sports, drama, invention or creative fields in 2020 and 2021 at national or international level were presented merit awards, each to the value of Rs 35,000.
Additionally, 506 students who were ranked in the top 10 in all three public examinations at a district level are to be presented with certificates of appreciation at their respective branches, shortly.
Since its inception in 2002, the Pranama Scholarships scheme has resulted in the awarding of Rs 166 million in scholarships to 2,887 students, and with the 21st edition of scholarships presented in 2022 that figure has reached Rs 177.1 million and benefited 3,034 young Sri Lankans. Ceylinco Life launched the programme to reduce the education-related financial burden on parents. Many past Pranama Scholarship winners are now doctors, lawyers, engineers, or in other pivotal positions that contribute to the development of society.
Adjudged the ‘Most Valuable Life Insurance Brand in Sri Lanka’ in 2022 by Brand Finance, 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.
Photo caption: (From left) Kelaniya University Vice Chancellor Senior Professor Nilanthi De Silva, Ceylinco Life Managing Director/CEO Mr Thushara Ranasinghe and the two current scholarship winners who spoke at the virtual ceremony.
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