Sri Lanka Insurance Life declares record Rs. 14.68 bn bonus for policyholders

Sri Lanka Insurance Life (SLIC Life) has declared a record annual bonus of Rs. 14.68 billion to its policyholders for the 2025 financial year, the highest life insurance bonus announced by any insurer in Sri Lanka. The company said the latest declaration raises the cumulative bonuses paid to policyholders since 2006 to Rs. 131.28 billion, extending its record of announcing the industry’s highest annual bonus. SLIC Life said it maintained its financial strength during 2025, with total assets increasing to Rs. 275 billion and its Life Fund reaching Rs. 247 billion, the largest in the local life insurance industry. The insurer also settled an average of more than Rs. 1.35 billion a month in maturity payments and claims, amounting to approximately Rs. 16.2 billion for the year. The company reported a Profit Before Tax of Rs. 4.3 billion for 2025, while Gross Written Premium (GWP) rose 24% year-on-year to Rs. 32.6 billion. New Business Premium Income increased by 42% to Rs. 7.56 billion. SLIC Life said it continued to invest in digital services and customer experience while expanding its Life Loyalty Rewards programme. Nusith Kumaratunga, Chairman of SLIC (Left) and Nalin Subasinghe, CEO of SLIC Life (Right) addressing the gathering The insurer also highlighted its corporate social responsibility initiatives, including the ‘Pasal Piriyatha Surakimu’ programme, which has supported more than 3,365 underprivileged schools since 2007, and the ‘Suba Pathum Scholarship Programme’, under which more than 2,200 scholarships worth over Rs. 240 million have been awarded since 2014.