It always pays to be prepared is a common dictum. But, it is equally true that to be prepared without recourse to adequate resources, could prove devastating in an emergency. Click on the name of the insurance company of your choice from the list of insurance companies provided here to choose the insurance product that you require to mitigate your personal and corporate risk.
Insurance Companies Licensed to carry on Insurance Business
| Name of Insurer | Class of Insurance | Effective date of Licence | |
|---|---|---|---|
| Sri Lanka Insurance Corporation Life Limited ***** | Long Term Insurance | February 1, 2024 | |
| Sri Lanka Insurance Corporation General Limited ***** | General Insurance | February 1, 2024 | |
| Continental Insurance Life Lanka Ltd | Long Term Insurance | July 29, 2022 | |
| Sanasa General Insurance Company Limited | General Insurance | July 1, 2019 | |
| MBSL Insurance Company Limited | Long Term Insurance**** - April 1, 2005 General Insurance - August 2, 2005 |
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| Sanasa Life Insurance Company PLC | Long Term Insurance | July 8, 2003 | |
| People’s Insurance PLC | General Insurance | December 2, 2009 | |
| Orient Insurance Limited | General Insurance | October 15, 2011 | |
| National Insurance Trust Fund | General Insurance (Came under the purview of the Commission) | February 7, 2011 | |
| LOLC Life Assurance Limited | Long Term Insurance | April 30, 2010 | |
| LOLC General Insurance PLC | General Insurance | October 1, 2015 | |
| Life Insurance Corporation (Lanka) Ltd. | Long Term Insurance | December 18, 2002 | |
| HNB General Insurance Ltd | General Insurance | January 1, 2015 | |
| HNB Assurance PLC | Long Term Insurance | August 30, 2001 | |
| Cooplife Insurance Limited** | Long Term Insurance | January 1, 2015 | |
| Cooperative Insurance Company PLC** | General Insurance | September 18, 1998 | |
| Continental Insurance Lanka Ltd | General Insurance | December 18, 2009 | |
| Ceylinco Life Insurance Limited | Long Term Insurance | June 1, 2015 | |
| Ceylinco General Insurance Limited | General Insurance | June 1, 2015 | |
| Fairfirst Insurance Limited | General Insurance | January 1, 2015 | |
| Softlogic Life Insurance PLC | Long Term Insurance | March 8, 2000 | |
| Arpico Insurance PLC | Long Term Insurance | October 20, 2011 | |
| Amana Takaful Life PLC | Long Term Insurance | January 1, 2015 | |
| Amana Takaful PLC | General Insurance | February 1, 2002 | |
| Allianz Life Insurance Lanka Ltd | Long Term Insurance | July 1, 2008 | |
| Janashakthi Insurance PLC | Long Term Insurance | August 12, 1994 | |
| Union Assurance PLC | Long Term Insurance | January 8, 1987 | |
| Allianz Insurance Lanka Ltd | General Insurance | January 1, 2015 | |
| AIA Insurance Lanka Ltd | Long Term Insurance | December 16, 1987 |
*****Sri Lanka Insurance Corporation Limited has been segregated into two entities namely, Sri Lanka Insurance Corporation General Limited and Sri Lanka Insurance Corporation Life Limited. Accordingly, the licence issued to Sri Lanka Insurance Corporation Limited has been cancelled with effect from 01st February 2024 and as such Sri Lanka Insurance Corporation Limited shall not hold out as an insurer from the said date.
****MBSL Insurance Company Ltd. has ceased to underwrite new life insurance business with effect from 1st June 2020.
**The suspension imposed on Cooplife Insurance Limited to carry on insurance businesses has been removed with effect from 16th May 2023.
**Cooperative Insurance Company PLC removal of suspension – In view of corrective measures taken by the 9-member board of directors of Cooperative Insurance Company PLC, in compliance with the requirements in section 18 of the Regulation of Insurance Industry Act, No. 43 of 2000, the Commission, at its meeting held on 25th May 2023, has decided to remove the suspension imposed on the Company to carry on General Insurance business with effect from 26th May 2023.Accordingly, the restriction placed on the Company to carry on insurance business during the period of suspension i.e. from 11th April 2023 to 25th May 2023 has been, thus removed.
* The license of AIG Insurance Limited to carry on general insurance business has been cancelled with effect from 04th April 2022.
