Business Opportunity In Sri Lanka For 100% Ownership Of Sri Lanka Life Insurance
An excellent business opportunity presents itself with Sri Lanka Insurance Corporation Limited (SLIC) which stands as a cornerstone in the Sri Lankan insurance landscape, having been established in 1962 as a government-owned entity. With a rich history spanning several decades, SLIC has evolved into a key player in the insurance sector, offering a diverse array of financial protection solutions. As a comprehensive insurance provider, SLIC’s life insurance segment is instrumental in addressing the unique needs and aspirations of individuals. In terms of Section 53 of the Regulation of Insurance Industry (Amendment) Act No. 3 of 2011, all composite insurance companies are required to split their Life and Non-life insurance business into two separate legal entities. With the segregation of SLIC, SLIC Life Limited is committed to delivering a range of life insurance products ensuring a robust portfolio that caters to the varying requirements of its clientele thus presenting itself as a feasible investment opportunity for an investor. Boasting a solid financial foundation, SLIC Life Limited prioritizes stability and reliability, reinforcing its capacity to fulfill policyholder commitments. Embracing multiple distribution channels, from traditional agents to digital platforms, SLIC Life Limited extends its reach across the nation, providing accessible and innovative insurance solutions.
Throughout the decades, SLIC has demonstrated consistent progress, advancing from strength to strength. The company has diversified its interests and made strategic investments across key industries, including banking and finance, healthcare, power and energy, and the hospitality sector. The diversification reflects SLIC’s commitment to expanding its footprint and contributing to the economic development of the country. In summary, SLIC’s journey is marked by a legacy of excellence, financial strength, and a commitment to providing top-notch insurance services. The company’s influence extends beyond the insurance sector, making it a significant player in various industries, thereby contributing to the overall growth and prosperity of SL. SLIC presents itself as an investment strategy for a potential investor seeking business opportunities in Sri Lanka. SLIC Credit Rating AA (lka) Fitch with total asset base of 615 MN USD, Net Asset value 67 MN USD, Life Insurance Fund 480 MN USD, Life Fund growth yoy – 3%. Life policyholders stands at 1,018,095
| LOCATION : | SRI LANKA |
| SECTOR : | Insurance |
| PROJECT VALUE : | Contact OSL |
| EXPECTED INVESTMENT : | Contact OSL |
| INVESTMENT TYPE : | 100% Share transfer |
| RETURN ON INVESTMENT : | Contact OSL |
| INTERNAL RATE OF RETURN : | Contact OSL |
| ACCOUNTING RATE OF RETURN : | Contact OSL |
| OPPORTUNITY CODE : | VBS/08022024/X_2 |