Continental Insurance Life Lanka Limited (CILLL), the newly formed Life Insurance subsidiary of Continental Insurance Lanka Limited (CILL) issued its first Group Life Policy to CIC Holdings PLC on January 26, 2023. The policy handover ceremony was held at CILLL’s head office Narahenpita, and was attended by Mr. Chandula Abeywickrema, Director of CILL, Mr. Saliya Dias, Acting CEO of CILLL, Mrs. Nilmini Weerasooriya, GM Sales of CILL, Ms.Prabodha Jayasinghe, DGM Sales of CILLL and Mr. Aruna Jayasekera, Group HR Head of CIC Holdings, Mr. Marlon Fernandopulle, Director HR of CIC Holdings, as well as Delmege Insurance Brokers, Mr. Prasanna Welagedera, Director/CEO and Ms.Surani Aluthgama, Manager.
Addressing the gathering, Mr. Chandula Abeywickrema, Director CILLL expressed his pleasure to join hands with CIC Holdings as the first group life partner, with a wide portfolio of businesses ranging from agriculture to consumer goods and from pharmaceuticals to industrial solutions.
Addressing the ceremony, Mr. Saliya Dias, Acting Chief Executive Officer and the Principal Officer of CILLL stated, “CILLL has a range of life insurance offers in-store including Mortgage Protection, Group Life, and Universal Life products to cover savings, retirement and child education. We plan to cater to specific customer needs of professionals including government officials , Accountants, Architects, Lawyers, etc, together with an unparalleled customer service. Our Reinsurer is one of the global leaders with top ratings, carefully handpicked for its dependability and total security”.
Mr. Marlon Fernandopulle, Director HR of CIC Holdings, added “CIC has a strong relationship with CILLL’s parent, the general insurance company and we expect another long and mutually rewarding partnership with the new life company as well”
CILLL is a fully owned subsidiary of Continental Insurance Lanka Limited, which is part of the ultimate parent company of Melstacorp PLC, one of the largest conglomerates in Sri Lanka led by the veteran businessman Deshamanya Harry Jayawardena. CILLL’s parent, the general insurance company is known for its rapid growth over a short period of time and its strict underwriting practices that has led to the company holding one of the safest general insurance portfolios in the industry. Mr. Chaminda de Silva, the Managing Director of Continental Insurance Lanka Limited holds office as the Managing Director of the Life Company as well.