Ceylinco Life awards 'trailblazers'

A record 492 awards for performance excellence were presented on a single evening recently when Ceylinco Life recognised leading contributors to the company's sector-leading results of FY 2015.

The 'Trailblazers of Life Insurance' awards ceremony was held at the BMICH, where over 250 members of Ceylinco Life's high-flying sales team, executives, unit and branch heads received trophies, overseas trips, cash rewards and star-class weekend holiday packages for individual and team performances.

Ceylinco Life Managing Director and CEO, R. Renganathan said challenges were overcome last year and added that it was a year befitting the mettle of Ceylinco Life.

Outlining some of the challenges, including a failed attempt to take over the company, he said, "Truth won in the end, and today Ceylinco Life has emerged stronger than ever before."

"These challenges did not disturb our concentration on core business in our first year as an independent life insurance company, and we ended 2015 as the market leader in our sector for the 12th consecutive year," Renganathan said. Although the sale of insurance products online is recording healthy growth, about 90 per cent of life insurance is still sold by sales agents. Bearing this in mind, Ceylinco Life has invested in equipping the sales force with the latest in tabs, mobile point-of-sale devices and laptops to facilitate their work and enhance convenience for customers.

Renganathan said the company was a good example of gender equality. When it launched operations 28 years ago, 99.1 per cent of the sales force was male. Today, the proportion of males to female in the sales force is 52 per cent to 48 per cent.