CSE in its most convincing performance in recent months

Senewiratne Sri Lanka’s Life insurance penetration is less than 2 per cent of the total population; but the sector has enormous potential to grow.However, the motor insurance sector is doing well because every vehicle owner has to obtain a vehicle insurance policy, newly appointed chairman, Sri Lanka Insurance Corporation Ltd Ronald Perera PC said.Therefore, we have to go to villages to promote and encourage people to obtain Life insurance policies, especially health insurance cover to provide them with a comprehensive health coverage, especially for young persons who are already employed or engaged in any business, Perera said at an event where he was welcomed by SLIC staff and well- wishers as the 26th chairman of the Sri Lanka Insurance Corporations yesterday.The event was held at Sri Lanka Insurance Corporation head office at Vauxhall Street Colombo.

Today there are 27 insurance companies in Sri Lanka, out of which Sri Lanka Insurance enjoys the number one position despite being a government entity.“The Sri Lanka Insurance has all the potential to be the largest insurance company with a highly skilled work force and with an excellent brand image.