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| Sunday, 24 March 2002 |
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'decade of leadership' celebrated
Ceylinco Life recently celebrated a decade of leadership in its sector with an awards ceremony for the company's top performers, but focused on the need to help build the economy of the war-torn Northern and Eastern provinces this year. Addressing more than 1200 employees of the company and senior management of the group, Ceylinco Consolidated Chairman, Lalith Kotelawala said 2002 would bring a new challenge to the company. "With the peace process gathering momentum, there are many opportunities to help generate employment and contribute to economic development of the North and East. We are happy to support this process," he stressed. Ceylinco life Director and General Manager, R. Renganathan announced that the company planned to extend its presence to Jaffna, Trincomalee, Batticaloa and Kantalai this year as part of its effort to help these areas, prosper. Ceylinco Life would also focus on key issues facing the community, the need for better health services especially the treatment of cancer, and the need for structured pension schemes for an ageing population, he added. More than 100 awards including 10 main awards were presented to employees at all levels of the company, from minor staff to regional sales managers for their contribution to the company's achievement of surpassing Rs. 2 billion in life premium income in 2001. Employees who achieved professional excellence such as admission to the Million Dollar Round Table, Fellowship of the Life Underwriter Training Council, USA and those who completed the Agency Management Training Course, LIMRA International also received awards at the ceremony. The main award winners were Refai Ismail - Best Regional Sales Manager, Hussein Cafoor - Best Sales Executive, T. Premnath - Best Sales Consultant, Champika Fernando - Best Premium Collector, Nihal Perera - Best Team Builder and W. M. T. B. Abeysinghe - Best Agent. Ismail won this award for the fourth consecutive year. The year 2001 was successful year for the company with premium income up 30 per cent to Rs. 2.157 billion which enabled the company to outperform its closest rival by nearly Rs. 500 million. This was the first occasion that a private sector life insurance company exceeded the Rs. 2 billion mark in premium income, the company said. This enabled Ceylinco Insurance to reach over Rs. 4 billion in its total insurance portfolio. The company's Life Fund grew by Rs. 1.5 billion in 2001 and stood at Rs. 5.2 billion at the end of the year. This is said to be the biggest Life Fund in Sri Lanka's private sector. |
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