The prestigious Insurance Asia Magazine recognized HNB Assurance at the 2021 Insurance Asia Awards as the Health Insurance Initiative - Sri Lanka for SupremeHealth Max. These awards recognizes the most outstanding insurance companies in Asia. Published bi-annually, Insurance Asia is a publication that is devoted to insurance companies, investors and policy makers. SupremeHealth Max is another unique product which could be obtained along with various life policies offered by the Company. With this latest addition, customers have access to the best medical and surgical facilities both here and overseas. SupremeHealth Max includes a Worldwide Hospitalisation Cover of up to LKR 50 Million Annually for Individuals and Families, Worldwide Cashless Claim Settlement, No Claim Bonus of up to 100%, Pre & Post Hospitalisation Expenses Benefit and a Restore Benefit entitling the Policyholder to a 100% of Sum Assured even in the event that he or she has already claimed the entire Sum Assured during a year due to hospitalisation, provided that the subsequent hospitalisation is not related to the reasons of hospitalisation before. Moreover, it consists of a number of benefits including Optical, Dental, Maternity, Surgical, Health Screening as well as Cash Benefit for hospitalisation in Government Hospitals. SupremeHealth Max also consists of an OPD Cover and is applicable for Ayurvedic treatments and cover expenses related to Chemotherapy, Dialysis and Radiology treatments within the cover limit, whilst covering costs of Prosthesis and Implants, and Organ Donor Expenses within the cover limit. Sharing his thoughts, Chief Executive Officer of HNBA and its fully owned subsidiary HNB General Insurance Limited (HNBGI) Mr. Prasantha Fernando stated, “SupremeHealth Max is a well-curated product offering an array of benefits and addressing a vastly changing need, that is health. This special product has been developed considering several vital factors which people face in obtaining healthcare services on a regular basis. Being recognized as the ‘Health Insurance Initiative of the Year’ is a very significant milestone to all of us at HNBA and reaffirms the quality of this product and augurs well of its benefits and features. HNBA, through this product and other similar products has in earnest made headway into the health insurance market in Sri Lanka. Positioned as the “best health insurance for me” this product offers people the possibility to have a comprehensive health cover that they can customize based on their requirement. Whilst thanking Insurance Asia Awards for this accolade, I wish to reiterate that as a brand focused on providing the utmost financial protection to our policyholders and their loved ones, we will continue to strengthen our resolve of putting our customer needs first by offering products to suit their every need and thereby delivering value and a pleasant customer experience.” Chief Operating Officer of HNBA, Mr. Lasitha Wimalaratne stated, “We understood the challenges faced by people today in obtaining access to the best healthcare solutions both here and overseas due to various financial restrictions; SupremeHealth Max is the solution we offer them. This special product has been designed to overcome all those financial limitations and restrictions, ensuring the best healthcare solutions to all our policyholders and their loved one, whenever, wherever. Since its launch last year, we have seen an increasing demand for it and is a well sought-after product in our portfolio and has surely become a gamechanger fro us. SupremeHealth Max being recognized as the ‘Best Health Insurance Initiative of the Year’ by an international awarding body in the caliber of Insurance Asia Awards is indeed a great honor and I wish to extend my sincere gratitude to the team behind this revolutionary product”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A+ (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘’A+’’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place To Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.
Nov
HNB Assurance PLC continues to reinforce its commitment to uplifting communities across Sri Lanka through its three core CSR pillars, Health Protection, Environmental Protection and Education Protection. Anchored on these pillars, the company has rolled out a series of impactful initiatives aimed at enhancing wellbeing, improving access to essential resources, and supporting the next generation.Most recently, under the Health Protection Pillar, HNB Assurance supported P/ Wijayapura Primary School, Bisobandaragama Primary School, Mahaweli Primary School and Kidalagema Primary School in Medawachchiya by installing Reverse Osmosis (RO) water filtering systems. These systems provide access to clean and safe drinking water, helping protect schoolchildren from consuming contaminated water and ensuring healthier learning environments. With the completion of these four water projects in 2025, HNB Assurance has now completed over 75 water projects across the country.In addition to these efforts, HNB Assurance continues to champion several long-term development programs. The company conducts pregnant mother programs that promote maternal wellbeing, Grade 05 scholarship programs that encourage academic excellence among young learners and financial literacy programs designed to empower communities with essential money management skills.Through these ongoing initiatives, HNB Assurance remains dedicated to protecting lives, nurturing growth and supporting resilient, thriving communities across the country.
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Nov
HNB Assurance PLC has entered into a strategic partnership with Dialog Finance PLC, a pioneer in digital financial solutions, to further enhance its digital payment infrastructure and accelerate its journey towards achieving 100% digital premium collection.This collaboration marks a significant milestone in HNB Assurance’s digital transformation journey, reflecting the company’s continuous commitment to improving customer convenience, operational efficiency and financial inclusivity. By integrating Dialog Finance’s advanced Genie Business platform, which includes Payment Links and Internet Payment Gateway (IPG) services, HNB Assurance aims to streamline its premium collection process and redefine how customers interact with insurance services.Through these solutions, customers will now be able to make payments effortlessly and securely, either through personalized payment links shared by HNB Assurance or via secure online gateways. This eliminates the need for manual or in-person transactions, ensuring instant payment acknowledgments, and offers customers a faster, safer, and more convenient experience.This partnership leveraging innovation and technology not only strengthens the technological backbone of HNB Assurance’s payment ecosystem but also align with the company’s long-term vision of becoming a fully digital insurer, offering end-to-end solutions that meet the evolving needs of modern customers.
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Nov
HNB Assurance PLC (HNBA) has announced a strong financial performance for the nine months ended 30 September 2025, posting a 38% year-on-year growth in Life Insurance Gross Written Premium (GWP), which is the highest growth among life insurers in Sri Lanka. This exceptional performance underscores the company’s unshakeable tenacity for pushing the envelope of performance, disciplined execution, and unwavering commitment to providing protection and savings solutions that meet the evolving needs of Sri Lankan families. The Life Insurance business generated a Gross Written Premium of Rs. 13.74 billion for the period, compared to Rs. 9.97 billion in the corresponding period of 2024, reflecting a sharp increase of 38%. Total assets of the Company grew to Rs. 63.2 billion, up 18% from Rs. 53.4 billion a year earlier, while the Life Fund expanded by 24% to Rs. 47.4 billion from Rs. 38.3 billion in December 2024, signaling both strong topline growth and prudent fund management. Profit before tax excluding Life Surplus Transfer stood at Rs. 876 million, reflecting an increase of 13%, while profit after tax rose to Rs. 617 million, up 12% year-on-year. Meanwhile, Net claims and benefits incurred to policyholders during the period amounted to Rs. 3.25 billion, compared to Rs. 2.12 billion last year which is an impressive increase of 54%, reaffirming HNB Assurance’s steadfast commitment to fulfilling its obligations and supporting customers when it matters most. The Company’s investment portfolio also grew to Rs. 57.3 billion, compared to Rs. 48.5 billion a year earlier, delivering healthy investment income on account of strong yields from fixed-income securities and a diversified asset mix. Commenting on the company’s performance, Mr. Stuart Chapman, Chairman of HNB Assurance PLC and HNB General Insurance Limited, stated, “We are proud to see HNB Assurance deliver yet another quarter of exceptional growth, driven primarily by the strength of our Life business. This level of performance reflects the trust that customers have placed in our brand and the disciplined financial management that continues to underpin our long-term stability. At a Group level, we remain focused on sustainable growth and resilience, ensuring that we continue to generate consistent value for all stakeholders with GWP reaching Rs. 21.9 billion, up 32% from the corresponding period last year. ” Mr. Lasitha Wimalaratne, Executive Director and Chief Executive Officer of HNB Assurance PLC, added, “Our 38% growth in Life GWP represents one of the strongest performances in the industry and reflects the depth of our strategy in expanding customer reach and enhancing value. Our agency and bancassurance channels continue to deliver impressive traction, complemented by new product offerings that address real customer needs. We have also seen a notable increase in policy persistency, demonstrating customer confidence and satisfaction.” He further commented, “Our focus remains on balancing growth with financial prudence. The increase in our Life Fund, together with our strong solvency position and steady profit growth, reinforces our ability to deliver long-term security to policyholders. Claims payments have risen in line with our growing portfolio, which is a healthy indicator of our expanding customer base and our timely settlement culture. We are committed to maintaining this momentum through continued innovation, operational excellence, and a customer-first approach.”
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