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AIA Insurance launched another industry first by introducing a brand-new health and wellness offering. AIA customers now receive free access to wellness specialists, free of charge, via the oDoc app and all customers with an annual premium value of above Rs. 100,000/- per policy can make use of this pioneering offer and carry out a series of consultations with Sri Lanka Medical Council registered Wellness Specialists, AIA announced in a news release.
“You can select the Specialists based on your needs, be it physical, mental, nutritional etc. The offer extends six free mobile consultations for the year, with select nutritionists, dieticians, mental health professionals or physiotherapists, from the comfort of your own home. While AIA has recommended a one-year plan for the consultations, customers are free to utilize these consultations in whichever order they wish to and when they wish to,” it said.
Colombo 25th January 2021: Amidst the turbulent and challenging year Sri Lanka Insurance has closed year 2020 in a positive note recording phenomenal revenue growth with exceptional service innovations.
Sri Lanka Insurance the premier insurer to the nation recorded stellar performance in 2020 to record Rs. 55.2 billion revenue for the year, a marked improvement on the Rs.48.6 billion in the year 2019.
In the year of 2020 Sri Lanka Insurance reported 30 % growth in life insurance premium increasing to Rs.19.2 billion whilst general insurance reported 7% growth in premium grew to Rs. 20.1 billion. The company achieved a combined Gross Written Premium (GWP) growth rate of 17 % during the year. General insurance contributed 51% towards the total GWP whilst Life Insurance contributed 49 %.
Full Statement
The recalibration reflects changes in the relative creditworthiness among Sri Lankan issuers, following Fitch’s downgrade of the country’s sovereign rating to ‘CCC’ from ‘B-‘ on 27 November 2020. Rating revisions are used to modify ratings for reasons that are not related to changes in credit quality, but to reflect changes in the national rating scale.
The National IFS Ratings of the two Sri Lankan insurers were revised as follows:
– Sri Lanka Insurance Corporation Limited revised to ‘AA(lka)’/Stable from ‘AAA(lka)’/Stable.
– National Insurance Trust Fund Board revised to ‘A+(lka)’/Stable from ‘AA-(lka)’/Negative.
National scale ratings are a risk ranking of issuers in a particular market designed to help local investors differentiate risk. Sri Lanka’s national scale ratings are denoted by the unique identifier ‘(lka)’. Fitch adds this identifier to reflect the unique nature of the Sri Lankan national scale. National scales a
The introduction of a medical insurance scheme from Sri Lanka Insurance for the immediate family members of the Maha Sangha was held at Temple Trees yesterday under the patronage of Prime Minister Mahinda Rajapaksa. The Prime Minister presented insurance certificates to the Maha Sangha while introducing new medical insurance scheme of Sri Lanka Insurance Corporation.