Sri Lanka Insurance (SLI) is looking for 60 percent market penetration within six months and grow fast earning Rs 18 billion turnover in 2011, Sri Lanka Insurance Managing Director and CEO Mohan De Alwis said.
He was speaking at the launch of “Tele Life” a partnership with Sri Lanka Telecom (SLT) which is an affordable life insurance solution to SLT customers.
He said that Sri Lanka Insurance is committed to taking insurance to every Sri Lankan household making them aware of the benefits insurance offers. The facilities will be extended to SLT mega customers further with the launch of this tie-up.
This new partnership will give an affordable insurance premium for all new and existing SLT megaline customers. They will be eligible for a life insurance cover and a permanent disability cover due to accident of Rs 100,000 for a monthly premium of Rs 60 plus relevant taxes which is as low as Rs two per day. This premium will be added to their telephone bill in the event they opt to make use of this offer.
SLT Chief Executive Officer Greg Young said that the SLT group has a customer base of over 5.5 million including multinational corporations.
He said to make Sri Lanka a broadband island, SLT will introduce the necessary infrastructure in the form of NGN Next Generation Networks using optical fibre backbone and broad band services. He expected to generate 2000 new customers through the applications this year.
source - www.dailynews.lk
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