Amana Life Insurance Delivers Exceptional Returns to Policyholders in 2024

Amana Takaful Life Insurance PLC has once again demonstrated its commitment to delivering unparalleled financial security and growth, delivering attractive returns for long-term policyholders for 2024. As a trusted long-term insurer, Amana Life provides policyholders with the best investment choices, ensuring they can build and secure their financial future with confidence. 

This achievement is driven by the company’s diverse, risk-rated investment options, strategically allocated across fixed deposits, bank investments, equity markets, and gold funds. This structure allows policyholders to balance security and growth, selecting funds that align with their financial goals while adapting to market conditions. As the only life insurer in Sri Lanka offering such flexibility, Amana Life empowers customers to optimize their investments while maintaining long-term financial stability.

The review of Funds as of December 31, 2024, demonstrates exceptional returns across all investment avenues, reaffirming Amana Life’s position as the insurer of choice for those seeking the best investment opportunities. The Protected Multiple Fund (PMF), with a Fixed Deposit base of 90% of its fund value, demonstrated steady returns, despite Sri Lanka experiencing interest rate cuts regularly over the past 24 months. PMF produced returns of 18.1% for the said period on an annualized basis while the market rates for Fixed Deposits reached single digits towards the latter part of 2024.

"At Amana Life, we are committed to providing our long-term policyholders with both protection and rewarding investment opportunities," said Gehan Rajapakse, CEO of Amana Takaful Life PLC. "These results prove that we are not just offering life insurance, but also a well-structured pathway for long-term financial security and growth. However, it is important to note that past returns are not a guarantee of future performance, as market conditions can influence future results."

The Growth Multiple Fund (GMF), operating with a balance of both Fixed Deposits and Equity, delivered 26.9% of returns for the past 12 months. The post-election surge in equity alongside long-term Fixed Deposits placements at higher rates secured benefits for the Fund to finish strong in 2024. GMF also produced 21.7% of annualized returns for the 24-month period, ended 31st December 2024. The post-election rise in equity also benefitted the Volatile Multiple Fund (VMF), which managed to post a 12-month return of 30.6%.  

The continuous increase in gold prices across 2024 advanced The Bullion Multiple Fund (BMF), which showed a 12-month return of 12.4% and a 36-month return of 20.2% (annualized). The Gold Investment Fund (GIF) too showed a steady 12-month return of 6.0%, despite new reforms to tax regulations.

With a customer-first approach, Amana Life Insurance ensures that long-term policyholders not only protect their loved ones but also grow their wealth with the best long-term investment solutions available. This distinct advantage allows policyholders to tailor their financial plans based on their future aspirations, whether it is securing a child’s education, retirement planning, or achieving long-term wealth accumulation.

Amana Takaful Life continues to redefine the life insurance landscape in Sri Lanka, providing long-term policyholders with unmatched investment options while ensuring comprehensive financial protection. In addition to exceptional investment options, Amana Life Insurance offers valuable benefits such as Personal Accident Cover, Critical Illness Cover, Hospitalization Cover, Spouse Life Cover, and Top-up Protection. With a strong track record of delivering superior returns and these added protections, Amana Takaful Life remains the ultimate choice for those looking to build a secure and prosperous future.

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