Ceylinco Life has laid the foundation for a new eco-friendly branch building in Matale that will be constructed to the planet-friendly specifications adopted for all new branches on company-owned land, taking another step in the expansion of green practices in its operations.
With an investment of Rs 88.6 million, a four-storey building will rise in the next 15 months at Nos 176/A, 176/ 1/1 and 176/B, Trincomalee Road, Matale, creating 5,039 square feet of office space, with adequate dedicated parking, the Company said. This will be the first Ceylinco Life branch to be built on company-owned land in the Matale district.
Designed to further reduce the carbon footprint of Ceylinco Life, the new branch will be powered entirely by a 20kW solar power system that will result in zero consumption of electricity from the national grid. It will feature a rainwater harvesting facility, a wastewater recycling system, and will only minimally consume pipe-borne water, the Company said.
The building is also designed for optimal use of natural light and will be equipped with the latest energy-efficient lighting and air conditioning systems. The construction will minimise the use of timber and the property, upon completion, will include new trees.
Construction commenced at the address with the senior management of Ceylinco Life laying the foundation stone for the building.
Ceylinco Life is in the process of constructing another Green building for its branch in Ja-Ela. The Company currently owns the buildings housing its offices in Anuradhapura, Trincomalee, Jaffna, Batticaloa, Kandy, Kalutara, Kurunegala, Gampaha, Galle, Matara, Tissamaharama, Negombo, Ratnapura, Kotahena, Mount Lavinia, and Wellawatte, many of which have already been converted to solar energy. New branch buildings purpose-built to the company’s sustainable energy model are those at Horana, Panadura, Wennappuwa, Bandarawela, Chilaw, Kadawatha, Jaffna, Malabe, Divulapitiya, Negombo, and Piliyandala.
Ceylinco Life operates the largest network of 275 branches in Sri Lanka’s life insurance industry, giving it a physical presence in 142 cities, towns, and villages in every one of the island’s 25 districts.
Ranked the ‘Most Valuable Life Insurance Brand’ in Sri Lanka by Brand Finance and voted the ‘Peoples Life Insurance Service Provider of the Year’ for a record 15th consecutive year in 2021, Ceylinco Life has been Sri Lanka’s leading life insurer for more than half of the 33 years it has been in existence. In 2020, the Company was certified as a ‘Great Workplace’ in Sri Lanka by Great Place to Work®, was named the ‘Best Life Insurer in Sri Lanka’ for the seventh consecutive year by World Finance, and accorded an ‘Honourable Mention’ as one of the ‘Most Admired Companies in Sri Lanka’ by the International Chamber of Commerce Sri Lanka (ICCSL) in collaboration with the Chartered Institute of Management Accountants (CIMA), UK.
Ceylinco Life has close to a million lives covered by active policies and is acknowledged as a benchmark in the local insurance sector for innovation, product research and development, customer service, professional development, sustainability, and corporate social responsibility.