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Institution Detail

Softlogic Life Insurance PLC

Sri Lanka

Mr Nuwan Withanage

Chief Financial Officer

Summary

A top three player and one of the fastest growing companies in Sri Lankan life insurance, Softlogic Life has established itself at the forefront of an underpenetrated, high-growth market. The Company achieved Rupees 15.6 Billion revenue in 2020 growing 25% despite the COVID year. The Company has achieved 30% CAGR over the past five years, more than doubling market growth each year.

Providing essential individual life and health, group life and other insurance policies the Company insures more than one and a half million Sri Lankan lives. Softlogic Life is a leader in customer-centric product innovation, including tailor-made products such as a worldwide cashless hospital settlement product integrating more than 60 local hospitals and has revolutionized claims settlement in the industry with more than 85% of claims settled in one single day. The company was also first-to-market in Sri Lanka in offering life insurance via mobile phone technology.

We are in the business of protecting people. We are naturals at creativity and disruptive innovation that strive to elevate the standards of the quality of life, for Sri Lankan both young and old. Our diverse portfolio of products brings to you a plethora of world class life insurance products that give you the freedom and the opportunity to live life to the fullest.

With the unparalleled strength and backing of Softlogic Holdings, we are today one of Sri Lanka’s leading life insurers. Our parent company is one of Sri Lanka’s most dynamic and reputed conglomerates, which is a perfect strategic match, in creating a brand, to revolutionize the Life Insurance Industry in Sri Lanka.

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