Ceylinco Insurance General announced a tremendous growth during the second quarter, recording a mammoth premium of Rs. 5.8 billion in General Insurance. Company sources hailed this achievement as a milestone for a Sri Lankan company under trying circumstances of the Sri Lankan economy. Ceylinco Insurance Life recorded a premium income of Rs. 3.9 billion during the same period. The total premium income of the company was Rs. 9.7 billion, which recorded an increase of Rs. 1,462 million in 2008 when compared with the same period in 2007, confirm company sources.

Calling the results an indication of the trust and value placed in the company by its customers, company sources also said that profitability increased by 32% during the 2nd quarter under review with a profit of Rs. 262 million as at end June 2008 . General Insurance premiums was increased by Rs. 620 million during this period - Non- Motor premiums contributed an increase of Rs. 400 million showing a growth of 20% and Motor premiums increased by 220 million.

Mr. Ajith Gunawardena, Chief Executive Director Ceylinco Insurance General commenting on the results reaffirmed that having achieved results under tough economic conditions, Ceylinco Insurance is proud to be recognized as the company that sets the standards for the entire insurance industry. Developed with innovation in mind, our products have taken the insurance industry in Sri Lanka to a new level, giving us the edge to understand changing customer needs. Having assured their trust in us, the people of Sri Lanka have always trusted us for performance and results. "Having pioneered the concept of On the Spot insurance that changed the insurance landscape in Sri Lanka, Ceylinco Insurance General today provides instant response and action on their insurance claims." Mr Gunewardena adds.

Ceylinco Insurance General has succeeded in making affordable, quality and relevant products available to its customers. "We bring value-added insurance to your door-step with no hassle to you. A good example is the introduction of the ‘Three-In-One’ concept to VIP On-The-Spot in November 2007."

While extending a big thank you to the Sri Lankan public for affirming the confidence they have always had in Ceylinco Insurance General, Mr. Gunewardena recalled that the high level of public confidence in the company was evident in the success of the recently concluded share issue. He also thanked Deshamanya Dr. Lalith Kotelawala Chairman Ceylinco Insurance for the vision he gave the company, the staff for their commitment, the share-holders and the customers without whom the company would not be where they are today.

He also noted that during the period under review, Ceylinco Insurance General pioneered yet another innovative product that added a new dimension to the Health Care sector - "Ceylinco Medi Spots" coupled with the National Health Insurance Policy. This novel concept designed to meet the primary medical needs of the entire family, offers an individual unlimited number of medical consultations at no extra charge during the whole year through the "Ceylinco Medi Spots" in the area.

With the country’s largest network in the insurance industry active across Sri Lanka, Ceylinco On the Spot counters have now been opened at popular locations, giving customer the convenience of obtaining all insurance services at one go.

Taking their dynamic streak outside Sri Lanka, Ceylinco Insurance General has grown tremendously in the South Asian region. The company has also achieved outstanding success in the Middle East.

In what is widely seen as a reflection of the company’s strongly maintained Sri Lankan identity, LMD in its recent edition rated Ceylinco Insurance as the most national minded company in Sri Lanka.