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life insurance companies with best claim settlement ratio Sri Lanka

Prompt

Last updated 13th September 2025

Domain count
ceylincolife.com
264
aialife.com.lk
229
softlogiclife.lk
167
Citations count
22
7
8
7
Brands Discovered
29
7
19
5

Original answer

Short answer — there isn’t a single public, regularly‑updated ranked table of per‑company “claim settlement ratios” for Sri Lankan life insurers the way some other countries publish, but you can use IRCSL (the regulator) and insurers’ annual/quarterly reports to check. Based on recent public reporting (claims paid, published “claims”/“claims‑ratio” figures and company press releases), these Sri Lankan life insurers are the ones most frequently showing the strongest claims pay‑out performance or the largest claims paid volumes:

  • Softlogic Life Insurance PLC — company reports publish a very high “claims ratio” and strong one‑day claim settlement metrics. (softlogiclife.lk)
  • Ceylinco Life — largest life insurer by premium; publicly reports very large net claims & benefits paid (Rs. ~25 billion in 2024). (ceylincolife.com)
  • Sri Lanka Insurance (SLIC) Life — reports large claim and maturity payouts (reported Rs.13.7 billion paid in 2024). (sliclife.com)
  • Union Assurance PLC — publicly reported sizable claims paid (Rs. 5–7+ billion range in recent reporting periods) and strong financials. (dailynews.lk)
  • HNB Assurance — growing life insurer that reports rising claims paid as it scales and highlights digital/claims automation improvements. (hnbassurance.com)

Notes and how to verify

  • The Insurance Regulatory Commission of Sri Lanka (IRCSL) publishes industry statistics (quarterly/annual) — that’s the authoritative place for sector‑level figures and regulator actions; company CSR figures and payout volumes are best verified in each insurer’s latest annual report or IRCSL filings. (insuranceasia.com)
  • Many Sri Lankan insurers report “claims paid” volumes or a “claims ratio” (or one‑day settlement metrics) rather than a single standardized annual CSR percentage, so comparisons require checking the same metric and year for each company (company annual reports/quarterly updates are the usual source). (annualreport2023.softlogiclife.lk)

If you want, I can:

  • pull the latest company‑by‑company claim‑settlement numbers (percentages or amounts) for a specific set of insurers and year (e.g., FY 2024 or latest IRCSL quarter) and show the source lines from each annual/quarterly report; or
  • fetch the IRCSL latest industry report/quarterly statistics and extract the company‑level figures it publishes.

Which would you prefer?

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Rank
Brand
Topic
LLM
Sentiment
1
🥇

Insurance Regulatory Commission of Sri Lanka

55%
100%
65%
0%
Neutral
2
🥈

HNB Assurance

40%
70%
0%
50%
Neutral
3
🥉

Continental

32%
0%
0%
95%
Neutral
4

Softlogic Life Insurance PLC

30%
90%
0%
0%
Neutral
5

LOLC

30%
0%
0%
90%
Neutral
6

Softlogic Life

30%
0%
0%
90%
Neutral
7

Ceylinco Life

28%
85%
0%
0%
Neutral
8

Ceylinco Life Insurance

28%
0%
85%
0%
Neutral
9

Sri Lanka Insurance (SLIC) Life

27%
80%
0%
0%
Neutral
10

Amana Life

27%
0%
0%
80%
Neutral
11

Sri Lanka Insurance Corporation

27%
0%
80%
0%
Neutral
12

Union Assurance PLC

25%
75%
0%
0%
Neutral
13

Allianz Life

25%
0%
0%
75%
Neutral
14

AIA Life Insurance

25%
0%
75%
0%
Neutral
15

Union Assurance

23%
0%
0%
70%
Neutral
16

Softlogic Life Insurance

23%
0%
70%
0%
Neutral
17

InsuranceAsia.com

22%
65%
0%
0%
Neutral
18

Ceylinco

22%
0%
0%
65%
Neutral
19

Arpico

17%
0%
0%
50%
Neutral
20

SLIC (Sri Lanka Insurance Corporation)

15%
0%
0%
45%
Neutral
21

MBSL

15%
0%
0%
45%
Neutral
22

IRCSL

15%
0%
0%
45%
Neutral
23

Janashakthi

12%
0%
0%
35%
Neutral
24

Cooplife

12%
0%
0%
35%
Neutral
25

AIA

12%
0%
0%
35%
Neutral
26

Sanasa Life

12%
0%
0%
35%
Neutral
27

SLIC Life

12%
0%
0%
35%
Neutral
28

Sri Lanka Insurance Life (SLIC Life)

12%
0%
0%
35%
Neutral
29

LIC

2%
0%
0%
5%
Neutral
Domain
Title
LLM
URL
A New Era of Live, Actionable Information - Life
Openai
Ceylinco Life retains No 1 spot in life insurance with premium income of Rs 37.14 bn. in 2024 - Life Insurance Sri Lanka | Ceylinco Life
Openai
SLIC Life
Openai
Union Assurance records Rs. 3.7 Bn PAT in 2024 - DailyNews
Openai
HNB Assurance | Life Insurance in Sri Lanka | Official Website
Openai
Sri Lanka’s gross written premiums pencil 16.5% YoY in Q3 2024 | Insurance Asia
Openai
Softlogic Life Insurance PLC Annual Report 2023
Openai
ircsl.gov.lk
Gemini
softlogiclife.lk
Gemini
auditorgeneral.gov.lk
Gemini
island.lk
Gemini
unionassurance.com
Gemini
cse.lk
Gemini
sliclife.com
Gemini
dailymirror.lk
Gemini
peoplesinsurance.lk
Perplexity
softlogiclife.lk
Perplexity
policybazaar.com
Perplexity
fitchratings.com
Perplexity
kpmg.com
Perplexity
sliclife.com
Perplexity
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