Sri Lanka, March 20 -- Ceylinco Life has achieved the milestone of two decades of unbroken market leadership in Sri Lanka's life insurance industry, posting impressive premium income and consolidated income growth in the year ending on December 31, 2023.

Th policyholders received a record Rs.23 billion in net claims and benefits in 2023, up by 22 percent year-on-year, as the company posted a gross written premium income of Rs.33.41 billion and investment and other income of Rs.28 billion, reflecting improvements of 14.6 percent and 39.5 percent, respectively.

Consequently, the consolidated income for the 12 months, at Rs.61.4 billion represented a top line growth of 24.7 percent, a noteworthy achievement in the context of the socioecono...