SLIC offers Rs.1 Mn. free life cover to parents of children born on World Children’s Day

In celebration of World Children’s Day 2024, Sri Lanka Insurance Life extends its commitment to securing the future of the nation’s children by offering a Rs. 1 million free life insurance cover to the parents of every child born on October 1, 2024.

This initiative, now in its third consecutive year, is a testament to SLIC Life’s ongoing mission to provide financial protection to families at a crucial time in their lives while promoting the importance of life insurance as a safety net.

This free life cover ensures that parents of newborns will have financial protection during uncertain times that helps families build a stable future. On October 1, 2024, SLIC Life implemented the program nationwide, extending its coverage across all hospitals in Sri Lanka to reach families in every part of the country.

This initiative reflects SLIC Life’s broader commitment to improving the financial well-being of the community and spreading awareness about the benefits of Life Insurance.

This special project was first introduced in 2022 as part of Sri Lanka Insurance Life’s Corporate Social Responsibility (CSR) program, with the goal of protecting the future of the nation’s children by supporting their parents.The success of the initiative over the past two years and the value it has provided to families have led SLIC Life to continue this vital project for the third consecutive year.

Through a series of social responsibility projects, SLIC Life focuses on key areas such as child education, community development, and preserving culture for future generations. These efforts contribute to the socio-economic sustainability of Sri Lanka, aligning with the company’s mission to promote well-being and financial stability for all Sri Lankans.

Group Chief Executive Officer of Sri Lanka Insurance, Chandana L. Aluthgama, said, “As a responsible organisation, our commitment towards the wellbeing of children goes beyond just financial protection. With the current challenging economic conditions, a safety net for everyone is essential and we believe that insurance for all is a must. “

“’In 2022, we launched this project to provide free life insurance cover for children born on World Children’s Day, ensuring that their families have the financial protection they need.”

To mark this special initiative, a ceremonial event was held at Castle Street Hospital for Women in Colombo, where representatives from Sri Lanka Insurance Life, hospital staff, and families gathered to celebrate this significant milestone.

Beyond this initiative, Sri Lanka Insurance Life has introduced several innovative products that cater specifically to the needs of children and their families.

Sri Lanka Insurance Life recognizes that children are the foundation of the country’s future and is committed to ensuring their security through meaningful, forward-thinking insurance solutions. By extending this free life cover to the parents of newborns on World Children’s Day, SLIC Life demonstrates the crucial role insurance plays in every stage of life, from birth to adulthood.

“Through its Rs. 1 million free life cover program and other initiatives, Sri Lanka Insurance Life has set a new benchmark for the insurance industry.”