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04 June 2015
Ceylinco Insurance incorporates two subsidiaries
Insurance PLC incorporated its two fully owned subsidiaries Ceylinco
Life Insurance Limited and Ceylinco General Insurance Limited in order
to carry out its long term and general insurance businesses while
complying with the segregation of the two classes of insurance
businesses under the Regulation of the Insurance Industry (Amendment)
Accordingly, the Insurance Board of Sri Lanka has permitted Ceylinco
Life Insurance Limited and Ceylinco General Insurance Limited to carry
on long term insurance business and general insurance business
respectively with effect from 01 June 2015.
The license issued to Ceylinco Insurance PLC to operate as an insurer is suspended with effect from 01 June 2015.