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Top group life insurance plans for corporates in Sri Lanka

Prompt

Last updated 11th October 2025

Domain count
sliclife.com
1
hnbassurance.com
2
en.wikipedia.org
3
Citations count
22
5
7
10
Brands Discovered
15
8
8
5

Original answer

Below are the leading insurers in Sri Lanka that offer corporate / group life (employee benefits) plans, with the typical group products and key features they advertise. I’ve included a short note on how to compare offers and next steps.

Top providers and their group-life offerings

  1. Sri Lanka Insurance (SLIC Life)
  • Offering: large-capacity group life and employee benefits solutions (life, accidental death, disability, critical illness, group savings and pensions) through Sri Lanka Insurance Life Ltd. — one of the largest life insurers in the market. SLIC highlights strong balance sheet and large life fund, which can matter for claim-paying ability. (sliclife.com)
  1. HNB Assurance
  • Offering: “Prime Group Life” and a family of employee-benefit plans covering life, accidental death, total & permanent disability, critical illness, hospital cash and other optional benefits. HNB positions modular plans so employers can select levels of cover. (hnbassurance.com)
  1. Softlogic Life Insurance
  • Offering: group life and employee benefits (group-term life, group savings/pension-linked solutions and related add-ons). Softlogic Life is a major private life insurer with nationwide distribution and employer plan capabilities. (en.wikipedia.org)
  1. Janashakthi Life / Janashakthi Insurance
  • Offering: group life / employee benefits solutions (group life, group retirement/superannuation options, critical illness/additional covers). Janashakthi is a long-established life insurer in Sri Lanka frequently used by corporates. (en.wikipedia.org)
  1. Amana Takaful (Takaful group-life solutions)
  • Offering: Shariah-compliant group life / employee benefit structures (takaful-based life and family protection plans for corporate groups). Useful if your company or employees prefer Islamic-compliant solutions. (en.wikipedia.org)

(Other notable insurers — many corporates also use companies such as Ceylinco Life, Union Assurance, AIA, and others — most major life insurers in Sri Lanka provide bespoke group/employee-benefit solutions. If you want specific names I can fetch the most recent corporate-group product pages for each.)

Common group plan features to expect

  • Basic group term life (sum assured multiple of salary or fixed benefit)
  • Accidental death & dismemberment (AD&D)
  • Total & permanent disability (TPD) benefit
  • Critical illness lump-sum (often optional)
  • Hospital cash / daily hospital allowance (optional)
  • Funeral benefit / repatriation (optional)
  • Portability / conversion options on exit
  • Flexible premium structures (employer-paid, employee-contributed, hybrid)
  • Coverage eligibility rules (waiting periods, probation, minimum service) and exclusions

How to compare plans (practical checklist)

  • Financial strength / claim-paying record of insurer (assets, life fund, ratings). Larger funds and strong ratings reduce counterparty risk. (sliclife.com)
  • Benefits and optional add-ons (does the plan include TPD, CI, hospital cash you need?)
  • Pricing / premium stability and how premiums are reviewed (age banding, claims experience loading)
  • Flexibility (easy enrollment/termination, ability to add new employees, salary band definitions)
  • Speed and fairness of claims handling (provider references, turnaround times)
  • Local presence / servicing (dedicated relationship manager, HR support, digital tools)
  • Tax and regulatory compliance (IRCSL rules in Sri Lanka — insurers follow local regulatory framework)

Suggested next steps (fast practical path)

  1. Prepare an employer brief: number of employees by age band, average salary, desired sum assured formula and optional benefits (CI, TPD, hospital cash).
  2. Ask 3–4 insurers for formal group quotes/proposals and an employer benefits illustration (SLIC, HNB Assurance, Softlogic, Janashakthi and/or any insurer you prefer).
  3. Request sample policy wording and claims SLA, plus references from similar-sized clients.
  4. Compare total cost, benefit scope, claim process and insurer financial strength — pick the best overall package, not just lowest price.

If you want, I can:

  • Pull the latest group-life product pages and downloadable brochures from each insurer (SLIC, HNB Assurance, Softlogic, Janashakthi, Amana) and summarize side-by-side; or
  • Prepare a request-for-proposal (RFP) template you can send to insurers to collect comparable quotes.

Which follow-up would you prefer?

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Rank
Brand
Topic
LLM
Sentiment
1
🥇

Sri Lanka Insurance

92%
100%
95%
80%
Neutral
2
🥈

HNB Assurance

65%
95%
100%
0%
Neutral
3
🥉

LOLC Life Assurance

58%
0%
90%
85%
Neutral
4

Softlogic Life Insurance

47%
90%
0%
50%
Neutral
5

Ceylinco Life

45%
60%
0%
75%
Neutral
6

Janashakthi Life

28%
85%
0%
0%
Neutral
7

AIA Sri Lanka

28%
0%
85%
0%
Neutral
8

Amana Takaful

27%
80%
0%
0%
Neutral
9

Continental Lanka Life

25%
0%
75%
0%
Neutral
10

InsureMe.lk

23%
0%
0%
70%
Neutral
11

AIA Insurance

22%
0%
0%
65%
Neutral
12

Allianz Insurance

20%
0%
0%
60%
Neutral
13

Union Assurance

18%
55%
0%
0%
Neutral
14

Janashakthi Insurance

18%
0%
0%
55%
Neutral
15

AIA

17%
50%
0%
0%
Neutral
Domain
Title
LLM
URL
SLIC Life
Openai
Employee Benefits Insurance in Sri Lanka - HNB Assurance
Openai
Softlogic Life Insurance
Openai
Janashakthi Insurance
Openai
Amana Takaful Insurance
Openai
lolclife.com
Gemini
srilankainsurance.com
Gemini
ceylincolife.com
Gemini
insureme.lk
Gemini
lmd.lk
Gemini
aialife.com.lk
Gemini
mordorintelligence.com
Gemini
hnbassurance.com
Perplexity
lolclife.com
Perplexity
softlogiclife.lk
Perplexity
ceylincolife.com
Perplexity
aia.com
Perplexity
cilankalife.com
Perplexity
sicl.lk
Perplexity
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