Below are the life insurers in Sri Lanka that commonly provide corporate / group life solutions and are widely recommended by employers and brokers. This list is based on current company product pages, awards and press coverage — compiled as of September 13, 2025.

Top group-life providers in Sri Lanka (shortlist)

• Ceylinco Life — large market leader with dedicated Group Plans and extensive corporate product portfolio. (ceylincolife.com)
• AIA Insurance Lanka — global/AIA Group backing; clear employee/group products (Employee Protect/Corporate solutions) and strong bancassurance/distribution. (aialife.com.lk)
• HNB Assurance — growing life group with strong financials and recent awards; offers corporate solutions. (hnbassurance.com)
• Union Assurance — John Keells Group insurer known for digital group/employee solutions and fast claims processing. (unionassurance.com)
• Janashakthi Life — rapidly growing life insurer with product innovation and group offerings. (enbsl.lk)
• Softlogic Life — sizable presence in health and group retirement/pension products and other corporate plans. (softlogiclife.lk)
• LOLC Life — fast-growing, customer-oriented life insurer that offers group plans. (lolc.com)
• Sanasa Life — active in group schemes for unions, public & private sector employee groups. (english.lankapuvath.lk)

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

• Financial strength & solvency: prefer insurers with strong capital / rating evidence and recent claim-paying track record. (Check insurer filings and news). (hnbassurance.com)
• Group-specific features: look for flexible sum‑insured structures, TPD/accidental death, critical illness add-ons, portability, and cover for retirees/ex-employees. (aialife.com.lk)
• Claims speed & past group claims handling: ask for sample SLAs and references from other corporate clients. (unionassurance.com)
• Network & value-added services: hospital/cashless networks, wellbeing/employee assistance programs and digital admin portals can reduce HR burden. (aialife.com.lk)
• Price vs. scope: request firm quotations for the same benefit design and compare total cost, waiting periods, underwriting (waivers/no-medical options) and exclusions. (aialife.com.lk)

Recommended next steps

1. Shortlist 3–4 insurers above and ask each for a tailored Group Benefits proposal quoting the same benefits, member demographics and sum‑insured formula. (Request sample policy document and employer/HR administration tools.) (ceylincolife.com)
2. Use an independent, licensed insurance broker (SLIBA members) if you want market-wide quotes and negotiation support. (sliba.lk)
3. Verify any insurer or broker licence and check for complaints via the Insurance Regulatory Commission of Sri Lanka (IRCSL) / Ombudsman before signing. (insuranceombudsman.lk)

If you’d like, I can:

• Prepare a short RFP template you can send to these insurers; or
• Draft the list of specific questions to include in a group-life quotation request (eligibility rules, exit & join rules, claim examples, SLAs, premiums).

Which of those would be most useful for you?