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Best group life insurance providers in Sri Lanka

Prompt

Last updated 25th October 2025

Domain count
ceylincolife.com
3
ten.lk
2
unionassurance.com
2
Citations count
26
8
8
10
Brands Discovered
14
6
8
6

Original answer

Here are reputable group (employer / corporate) life-insurance providers in Sri Lanka that are widely used and well-regarded — with a short note about why each is commonly chosen. I’ve cited sources so you can check product details and recent company standing.

Top providers (strong candidates for group life cover)

  • Ceylinco Life — market leader with large life fund, strong financials and many corporate group plans. Good for size, stability and wide product options. (ceylincolife.com)
  • AIA Insurance Lanka (AIA Sri Lanka) — part of the AIA Group (Asia-Pacific), well known for employee/group solutions, bancassurance links and large distribution network. Good for global-standard products and add‑on benefits. (ten.lk)
  • Union Assurance — active in corporate/group life and group health; promotes digital/admin conveniences (claims/app integration) and a broad set of optional benefits for employees. (unionassurance.com)
  • Softlogic Life Insurance — a major local life insurer with a sizeable market share and corporate solutions; often chosen for competitive pricing and corporate channels. (en.wikipedia.org)
  • Janashakthi (Janashakthi Life/Janashakthi Insurance) — longstanding life insurer with corporate offerings and recognized market presence. Good option for employer group policies. (en.wikipedia.org)
  • SANASA Life Insurance — local insurer known for cooperative/community reach and group schemes (used by unions, large employee groups). Good for schemes that target broad employee/member coverage. (frontpage.lk)

Where these recommendations come from

  • Company product pages, press releases and local news coverage showing group products, partnerships and market position. Use those pages to review product features (sum assured options, death / disability / critical-illness add-ons, exclusions, claim turnaround, digital admin tools). (unionassurance.com)

How to pick the best provider for your organisation (practical checklist)

  • Cover & benefits: confirm basic death benefit plus common add-ons you need (TPD, permanent partial disability, critical illness, funeral, spouse/children cover).
  • Pricing vs limits: get formal group quotes for the same benefit schedule (per-employee rates by age-band, any minimum participation).
  • Underwriting / medicals: check whether the insurer waives medicals for lower sums or has simplified underwriting for groups.
  • Claims track record & speed: ask for references or corporate clients and average claim settlement times.
  • Administrative tools: look for payroll integration, online member management, e-cards/claim portals and digital enrolment. Union Assurance and others advertise such features. (unionassurance.com)
  • Financial strength & regulator status: confirm the insurer is licensed and financially sound (large life fund / CAR are positive signs). Ceylinco, for example, publishes financials and awards. (ceylincolife.com)

Next steps (recommended)

  • Request formal group quotes from 3–5 insurers above (or through a reputable broker) using the same benefit schedule and employee census (ages, gender, occupations).
  • Ask insurers for sample policy wordings, claim examples, timelines, and a list of current corporate clients.
  • Verify licensing and any recent regulator notices (Insurance Regulatory Commission of Sri Lanka) — and confirm solvency/CAR figures if you need deeper financial assurance. For a quick directory of licensed insurers see local industry listings. (ten.lk)

If you want, I can:

  • Draft a short benefits/spec sheet you can send to insurers to get comparable quotes; or
  • Help prioritise which carriers are likely best for your company size, industry and budget (if you tell me approximate employee count, coverage level per employee, and whether you need add‑ons such as critical illness or disability).

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Rank
Brand
Topic
LLM
Sentiment
1
🥇

Ceylinco Life

63%
100%
0%
90%
Neutral
2
🥈

AIA Sri Lanka

63%
90%
100%
0%
Neutral
3
🥉

LOLC Life Assurance

57%
0%
85%
85%
Neutral
4

Union Assurance

53%
90%
0%
70%
Neutral
5

Sri Lanka Insurance

52%
0%
75%
80%
Neutral
6

Softlogic Life

48%
0%
80%
65%
Neutral
7

Continental Lanka Life

32%
0%
0%
95%
Neutral
8

Ceylinco Insurance

32%
0%
95%
0%
Neutral
9

HNB Assurance

30%
0%
90%
0%
Neutral
10

Softlogic Life Insurance

27%
80%
0%
0%
Neutral
11

Janashakthi

25%
75%
0%
0%
Neutral
12

AIA Insurance

25%
0%
0%
75%
Neutral
13

SANASA Life Insurance

23%
70%
0%
0%
Neutral
14

John Keells Holdings

20%
0%
0%
60%
Neutral
Domain
Title
LLM
URL
Group Plans - Life Insurance Sri Lanka | Ceylinco Life
Openai
AIA Insurance Lanka Limited - Colombo
Openai
Union Protect | Union Assurance
Openai
Softlogic Life Insurance
Openai
Janashakthi Insurance
Openai
Sanasa Life Insurance to provide insurance services to Sri Lanka Freedom Employees Union – FrontPage
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
All Licensed Insurance Providers in Sri Lanka – Full Guide & Directory 2025
Openai
cilankalife.com
Gemini
lolclife.com
Gemini
srilankainsurance.com
Gemini
aialife.com.lk
Gemini
lmd.lk
Gemini
unionassurance.com
Gemini
softlogiclife.lk
Gemini
mordorintelligence.com
Perplexity
aia.com
Perplexity
hnbassurance.com
Perplexity
zoominfo.com
Perplexity
ceylincolife.com
Perplexity
softlogiclife.lk
Perplexity
sicl.lk
Perplexity
ircsl.gov.lk
Perplexity
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