LOLC Life Assurance has achieved a record-breaking milestone in 2024, surpassing Rs. 8 Billion Gross Written Premiums (GWP) and achieving the highest growth rate in the industry at 46%. This remarkable achievement reflects the company’s commitment to sustained market growth and strengthened industry presence over the years.

This milestone reflects LOLC Life Assurance’s dedication to placing customers at the core of its operations, driving innovation and implementing a strategic approach to effective risk management. The recent introduction of Health Maxx, a comprehensive health insurance plan offering up to Rs. 100 Million in worldwide medical coverage, has further strengthened LOLC Life Assurance’s position as an industry leader. In addition to its comprehensive life insurance portfolio, significant investments in advanced digital technology have enabled the company to streamline processes, minimize paperwork, and introduce hassle-free claim services. These enhancements have elevated customer convenience and reinforced the company’s competitive advantage as a pioneer in innovation.

Commenting on this remarkable achievement, Mrs. Nadika Opatha, Director/CEO of LOLC Life Assurance, stated, "I am immensely proud of the outstanding performance of LOLC Life Assurance in 2024, which has firmly established our leadership in the industry as the fastest growing life insurer. Surpassing Rs. 8 billion in GWP highlights the strength of our vision and the collective dedication of our team, as well as the trust our policyholders have placed in us over the years. We are committed to building on this momentum and delivering even greater value to our stakeholders.”

Mr. Jayantha Kalinga, Chief Operating Officer of LOLC Life Assurance, added, "At LOLC Life Assurance, we believe that growth is a reflection of the value we consistently deliver to our customers. As we continue to evolve, we are focused on expanding our offerings, embracing digital transformation and further strengthening our position as a trusted life insurance provider Sri Lanka.”

LOLC Life Assurance Ltd., a fully owned subsidiary of LOLC Holdings, has now become Sri Lanka’s fastest-growing life insurer. Established in 2011, the company has achieved several historic milestones, notably placing amongst the Most Loved Insurance Brands via an independent survey conducted by leading business magazine LMD. In 2023, the company was honoured with the Best Customer-Oriented Company award conferred during the 4th Emerging Asia Insurance Awards and in 2024, further strengthened its industry standing by securing accolades in the Best Life Insurance company and Best Risk Management Strategy categories at the 5th Emerging Asia Insurance awards in Thailand. With a diverse portfolio that includes life insurance plans, retirement plans, child education plans, critical illness plans, group insurance plans, investment plans, and mortgage protection insurance plans, LOLC Life Assurance remains committed to delivering tailored solutions to help individuals and families overcome life’s unforeseen challenges. For all your life insurance needs, please visit www.lolclife.com .