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What is the best Life Insurance company in Sri Lanka?
Best Local Insurance Providers
Sri Lanka Insurance is the largest and strongest composite insurance provider in Sri Lanka with Rs. 50 billion worth.
Eagle Insurance PLC began operations in Sri Lanka in 1988 as CTC Eagle Insurance Company with Ceylon Tobacco Company.
Janashakthi offers unique range of financial protection plans like, life insurance policies, child policies, health insurance, Auto insurance & many more.
innovative Insurance Company in Asia. Ceylinco Insurance offers vehicle insurance, marine insurance
and more.
Union Assurance continues to invest on its branch network. Book On “Understanding Insurance” Launched by Hydery A. Rehmanjee, Director Union Assurance.
INSURANCE TERMS
LIFE INSURANCE Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the Insured's death.
WHOLE LIFE INSURANCE The oldest kind of cash value life Insurance that combines protection against premature death with a savings account. Premiums are fixed and guaranteed and remain level throughout the policy’s lifetime. TERM LIFE INSURANCE A form of life insurance that coversthe insured person for a certain period of time, the “term” that is specified in the policy. It pays a benefit to a designated beneficiary only when the Insured dies within that specified period which can be one, five, 10 or even 20 years. Term life policies are renewable but premiums increase with age. NUCLEAR INSURANCE Covers operators of nuclear reactors and other facilities for liability and property damage in the case of a nuclear accident and involves both private insurers and the federal government.
HACKER INSURANCE Hacker Insurance coverage that protects businesses engaged in electronic commerce from losses caused by hackers. Hacker Insurance
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