Annual bonus certificates to the value of Rs 2.4 billion will reach entitled policyholders in the post during the month, with an invitation to a selected number to enhance their cover and become eligible to win five package tours to Bangkok or 20 smartphones, the company said.
This year’s annual bonus pay-out is the highest in Ceylinco Life history, and surpasses last year’s by Rs 500 million. The annual bonuses are in respect of the surplus generated by the company’s Life Fund in FY 2014.
The company disclosed it has increased its annual bonus rates in respect of 10 life insurance plans this year, on the recommendation of its consultant actuaries.
April will also see 14,200 Ceylinco Life policyholders receive Rs 57.2 million in immediately encashable cheques as ‘Avurudu Cash’ bonuses, which are paid as a reward for their loyalty. These bonus cheques are to be home delivered by Ceylinco Lifeduring the month of April.