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Sunday, 31 March 2013

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Ceylinco Life rewards top achievers

International and regional insurance executives were present at the 25th anniversary edition of Ceylinco Life's annual awards in Colombo last week.

Ceylinco Life's Best Branch Head, B Sridharan, Best Unit Head Ms T. Shobana and Best Sales Consultant A. I. P. Manjula receive their awards at the company 25th anniversary awards ceremony.

The company presented 150 awards to top achievers in several key areas of sales and operations who had contributed to its growth in 2012, during which period, Ceylinco Life surpassed Rs 10 billion in annual premium income, becoming one of the first life insurers in Sri Lanka to do so.

The chief guest at the event 'Crowning 25 years of excellence' was Group Sales Manager, Great Eastern of Malaysia, K. Haridas, a long-standing friend and consultant to Ceylinco Life.

Ceylinco Life, Managing Director and CEO R. Renganathan contrasted the humble beginnings of the company 25 years ago to its status today as the life insurance market leader for the past nine years. At the end its fifth year, Ceylinco Life's premium income was Rs 204.5 million, while its premium income in its 25th year was Rs 10,829 million, nearly 53 times that figure.

"Our Life Fund has grown from Rs 121 million in our fifth year to Rs 45,110 million today. Our investment fund grew from Rs 16.9 million to Rs 4,825 million over the corresponding period and our branch network from 32 to 211," he said.

The top award winners were: Best Branch Head, Platinum Category B - Sridharan , Colombo North-4 branch; Best Unit Head, Platinum Category - Ms T. Shobana, Nelliady Branch, Best Sales Consultant, Platinum Category - A. I. P. Manjula, Ambalantota Branch and Best Sales Consultant, Gold Category - M. G. D. J. P. Wijekoon, Homagama Branch.

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