Partners with SLIM Agrisaviya to nurture the agriculture sector

Facilitates insurance services as the Insurance Partner for the programme

Colombo 22nd February 2022: Sri Lanka Insurance partners with Sri Lanka Institute of Marketing (SLIM) as the insurance partner for the “Agrisaviya”,  the first Agri-Business Management and Entrepreneurial Programme offered in Sri Lanka.

The Certificate in Agri-Business and Entrepreneurship (CABE) programme is a first-of-its-kind qualification available in Sri Lanka to transform farmers into Agriprenureres.

The agriculture sector of Sri Lanka is one of the most important sources of employment for the majority of the workforce in Sri Lanka. Approximately 2.1 million persons or 25.5% of the total employed population, are engaged in agriculture, inclusive of forestry and fishery. As the national insurer,  Sri Lanka Insurance has always been keen on empowering the working population who are driving the economy forward. Being the insurance partner for the “Agrisaviya”  is yet another initiative to uplift the living standards of those who are engaged in the agriculture sector while contributing towards the national development of Sri Lanka.

Although 25.5% of the population in Sri Lanka engages in agriculture, the sector’s contribution to GDP is as low as 7.3%. Despite the geographical advantage of the country and the history of being an agriculture-based economy, Sri Lanka has a declining trend of contribution to the country’s production due to a lack of value additions. The “Agri Saviya “ programme will help bridge the knowledge gap of the sector with the contribution of Sri Lanka Insurance as the Insurance Partner.

The programme will empower and transform the agricultural sector in building a passion for employment with professionalism. The programme inspires youth to join the agriculture sector by making it attractive and grooming Agripreneurs to generate higher income to ensure inclusive growth and eliminate inequalities in the long run.

As the insurance partner, Sri Lanka insurance facilitates the unique customized retirement insurance solution “SLIC Freedom Plus”. The retirement insurance “SLIC Freedom Plus” is available for all students to purchase from Sri Lanka Insurance to secure their retirement with solid financial planning.

Established in 1962, Sri Lanka Insurance Corporation celebrates 60 years of excellence as the largest government-owned insurance company in Sri Lanka, with a managed asset base of over Rs.235 billion and a Life fund of Rs. 134 billion, the largest in the local insurance industry. The company is also the first and only local insurer to secure Fitch Ratings AA (lka) rating for its long-term financial stability and sustainability and also Sri Lanka Insurance ranked as the ‘Most Valuable General Insurance Brand’, ‘Most Loved Insurance Brand’ for the 4th consecutive year in the country by Brand Finance. The national insurer is on a mission of being a customer-focused company that constantly innovates in providing insurance services to customers and is now serving customers through an extensive network of over 190 branches and customer service locations.

Charaka Perera, Project Chair of Agri Saviya National Imitative and Chandana L.Aluthgama Chief Executive Officer of Sri Lanka Insurance exchanging the agreements