Life Fund
The symbol of
financial stability

The Life Fund of the Company, which exceeded Rs.26,550 million as at 31st December 2009, is the fastest growing Life Fund in the industry.

By making substantial investments in the Government and the Commercial Banking sector, we have made a significant contribution to the development of the economy of our country.

Annual Premium Income

Ceylinco Life Annual Premium income was 7,523 million as at 31st December 2009. Which is the highest in the Life Insurance industry
.
 

Premium income as at 31.12.2009 Source : Insurance Board of Sri Lanka (IBSL)

Solvency Margin of the Life Insurance Business

The Solvency Margin refers to the excess amount as assets maintained by the insurer over its statutory liabilities. The Solvency margin of an insurer is a key indicator of an insurance company’s ability to meet the obligations arising from the insurance contract at any time. The prevailing insurance regulations require all insurance companies maintain a solvency margin not less than 5% of its statutory liabilities at all times. Ceylinco Life’s solvency margin as at end of 2009 was more than 8 times the minimum solvency margin required to be maintained under the regulations. This is a clear indication of the Company’s financial strength and its ability to honour all claims in the future

The solvency margin of the Company is annually certified by the Company’s independent Consulting Actuaries M/s Watson Wyatt Insurance Consultancy Pvt, Ltd., which is a leading firm of Consulting Actuaries of international repute.

Reinsurers

Ceylinco life is backed by world's largest re insurers namely Swiss Re of Switzerland and Munic Re of Germany.