Janashakthi turns 18

Janashakthi Insurance marked 18 years of business last week.

Janashakthi began operations in 1994, as a specialised Life insurer. A year later, the firm diversified in to general insurance.

The insurer offers business continuation and risk management solutions from life to health, vehicle, household, travel and retirement to individuals and corporates.

"With a dedicated team of technical, underwriting and claims professionals with considerable years of industry experience and deep insurance knowledge, we take pride providing the highest quality service and look forward to working with our clients, making financial protection plans to suit their needs," said General Manager Insurance, Dayalanie Abeygunawardena, who heads both Life and General Insurance operations at Janashakthi.

'"We have achieved a remarkable milestone by recording a Profit after Tax of Rs 164 m for the 1H, 2012, and emerging again as one of the most consistently profitable insurers among all quoted insurance companies in Sri Lanka," said General Manager, Finance and Planning, Bertal Pinto-Jayawardena.

"We declared a dividend of Re. 1 per share; the highest dividend yield in the industry, reflecting our company's financial stability and the transparent management of our business," he said.

General Manager - Human Resources and Administration, Gamini Peiris said, "As part of its pledge to offer the fairest and greatest value in risk mitigation to its customers, it has an exceptional track record of market delivery and pro-people market innovation.

"Janashakthi is one of the most profitable and stable insurers in Sri Lanka with a stated capital of Rs. 1.49 billion and a track record of claims payments that now tops Rs 20 billion," a spokesman for the company said.

"Spending over Rs. 60 million per annum on human capital development, Janashakthi aspires to be the best. Every one is part of the Janashakthi family. Our staff is encouraged to pursue interests and hobbies while we give them every incentive to excel in their work," he said.