Ceylinco Life Insurance Limited
INTEGRATED ANNUAL REPORT 2016

BUSINESS MODEL

Group Structure


Serene Resorts Limited, is a 98.15% owned subsidiary of Ceylinco Life, which is aimed at serving the elderly population of the country by establishing a retirement home. Ceylinco Seraka Limited, is a fully-owned subsidiary of Ceylinco Life, offering investment advisory services.

Ceylinco Healthcare Services Limited is a 99.45% owned subsidiary of Ceylinco Life, specialised in the treatment and detection of cancer and diabetes. The centre is the only cancer treatment centre in the country to offer TomoTherapy treatment which is considered to be the most advanced radiation treatment for cancer in the world today. It is equipped with state-of-the-art equipment and has a well experienced and highly qualified panel of consultants.

Ceylinco Life has a 35.48% stake in the share capital of Citizens Development Business Finance PLC (CDB). CDB was incorporated as a public limited liability in 1995 and re-registered under the Companies Act No. 07 of 2007. It was licensed by the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011, and also registered under the Finance Leasing Act No. 56 of 2000. CDB enjoys a (SL) BBB (stable) rating from ICRA Lanka Limited and is listed on the Main Board of the Colombo Stock Exchange. CDB offers a range of financial services including term deposits, savings deposits, personal finance, leasing, hire purchase financing, pawning, corporate and retail credit, debit card facilities backed by an island wide ATM network, dealing with Government Securities, foreign exchange dealership and money exchange dealership. The portfolio of services offered by CDB is wider than many finance companies in Sri Lanka.

Ceylinco Life Insurance Limited, its three subsidiaries and the associate company operate only in Sri Lanka.