Ceylinco Insurance group posts consolidated post-tax profit of Rs. 8.3 bn
Ceylinco Insurance PLC, the holding company of Ceylinco General Insurance and Ceylinco Life Insurance, recorded a massive, consolidated after tax profit of Rs. 8.3 billion, for the year ending December 2017 while profit before tax stood at Rs. 9.2 billion.
Ceylinco General Insurance and Ceylinco Life Insurance recorded profit after tax of Rs. 1.4 billion and Rs. 6 billion, respectively, the group said in a media release.
Managing Director/ CEO of Ceylinco Insurance PLC, Ajith Gunawardena commenting on the impressive performance said, “As the clear market dominator, the insurance sector, in 2017, remained far ahead of the competition. As an insurance company, we have our objectives as well as our responsibilities. Whenever our cus- tomers are affected, we always compensate them within the shortest possible time, often within 24 hrs”.
Ceylinco Life Insurance Managing Director/ CEO R. Renganathan said, “Ceylinco Life not only retained its leadership in the life insurance sector for the 14th consecutive year in 2017, the company grew its profit by 95 per cent to Rs. 6 billion while transferring Rs. 7.3 billion to its Life Fund, paying Rs. 6.7 billion in net claims and benefits and continuing all of its community welfare commitments.”
Patrick Alwis, Managing Director of Ceylinco General Insurance said: “Despite numerous challenges, we have worked hard and worked together, and we have exceeded expectations once again. Ceylinco General Insurance paid claims amounting to Rs. 9 billion during 2017.”
AirAsia and AirAsia X are offering five million promotional seats in its first major campaign of the year.
Book from March 5 ( 0001h GMT + 8) to March 11, 2018 ( 2359 GMT + 8) for travel between September 3, 2018 and May 29, 2019 to enjoy fares from as low as Rs. 13,990 to Kuala Lumpur and destinations such as Singapore, L a n g k aw i , B a n g ko k , Melbourne, Bali and many more through the Fly- Thru transit hub in Kuala Lumpur, Malaysia. For destinations in Japan, travel period is between September 3, 2018 and October 27, 2018, the airline said in a media release.
AirAsia BIG Members are able to make bookings on airasia. com and the AirAsia mobile app or redeem flights via airasiabig. com and the AirAsia BIG mobile app from March 4 while AirAsiaGo and AirAsia Expedia members will also receive a special priority access booking link.
Aside from flying directly to Kuala Lumpur, guests can make use of AirAsia’s seamless Fly- Thru service that connects travellers to other flights with their baggage checked- through to the final destination without the hassle of immigration clearance at the transit hub in Kuala Lumpur. AirAsia offers a total of 41 Fly- Thru routes across 14 countries in Asia, Australia, and the US.