Decades of service to the nation has transformed Janashakthi from its humble, local roots, to being a key player in the Sri Lankan Insurance industry. Having brought in thousands of Sri Lankans into the organisation, the Janashakthi family has consistently pursued one, bold ambition of lighting up millions of lives with the warmth and protection of Insurance.
Our commitment to our customers is served by the members of our Janashakthi family who have, for years, been pacesetters in service excellence and developed benefits that deliver a service that goes that extra mile, beyond the norms of Insurance. They are the sole reason behind many of the firsts we have achieved in the industry and in Sri Lanka.
We remain committed to providing our loyal customers with assurance and security as we expand our Life Insurance business across the island. This is why we have consistently pursued our purpose of uplifting lives and empowering dreams of Sri Lankans across all corners of the nation. It is why we have been trendsetters, raising the bar for Sri Lankans’ expectations of their Insurance providers. And it is why our customers continue to define us by our unflagging commitment to them and their loved ones.
In line with our purpose, we now journey forward to become a leader in the Life Insurance industry, rooted in local entrepreneurship but fuelled by a pioneering spirit that continues to believe in the protective light of Insurance.
Throughout our history, Janashakthi has been focused on providing protection, security, and continuity for Sri Lankans and their loved ones in all corners of the island. Over the years, we have grown our business from our humble beginnings as a small, local Life Insurance company, into a progressive and future-ready entity.
Today, repositioned as Janashakthi Life, our business is ready to deliver on a greater calling – to ensure that we uplift the lives and empower the dreams of the millions of Sri Lankans who we reach directly as customers, or touch indirectly by providing the warmth of protection to their families and loved ones, or impact in numerous ways as our employees, partners, and other stakeholders.
Our corporate purpose is a true reflection of the creative vision and pioneering spirit that brought to life the Janashakthi story, and has today become the fuel that drives the entire Janashakthi Life family to success.
From a small workspace in Muttiah Road was born an Insurance company which would eventually become one of Sri Lanka’s most trusted Insurers. From the seeds that were sewn by the 25 people that were employed at the time, grew a company that heralded industry firsts and won the hearts of many Sri Lankans across the island. Come join us, as we take you on a trip down the Janashakthi memory lane.
LIGHTING THE WAY
Janashakthi Life Insurance Co. Ltd is incorporated in Sri Lanka on 29th October 1992.
SRI LANKA’S FIRST SPECIALISED LIFE INSURER
Janashakthi Life begins its operations in Sri Lanka on the 15th of September, 1994.
SRI LANKA’S FIRST SPECIALISED GENERAL INSURER
Janashakthi General Insurance is established on 20th September 1995.
INSURANCE AT YOUR DOORSTEP
Janashakthi embarks on a rapid regionalisation programme giving it one of the widest branch networks in the industry.
A PROFITABLE YEAR
Janashakthi announces their first bonus to policyholders.
A WINNING PARTNERSHIP WITH SPORT
Janashakthi becomes Principal Sponsor of the the highly prestigious Sri Lanka v India test series, a series in which the national team would beat India in a series for the first time in their cricketing history.
Janashakthi undertakes a major CSR campaign that stresses on the importance of highway safety for pedestrians.
TWO BECOME ONE
Operationally, Life and General Divisions merge into a single entity.
THE FIRST OF MANY FIRSTS
Janashakthi’s Life Operations Department receives the ISO 9002 International Service Quality Accreditation – the first Insurer in Sri Lanka to receive this certification.
Following this, the Company acquires a controlling interest in National Insurance Corporation Ltd, a landmark achievement for a small, private Insurer. Janashakthi also marks a record year with premium income exceeding Rs. 1 billion.
A MALDIVIAN FIRST
Janashakthi launches a branch office in Male, the first private Insurer in Sri Lanka to open a representative office overseas.
The Janashakthi Group diversifies into Banking, Development Banking, Financing, Property Development and Agriculture by investing stakes in strategically opportune companies.
A DECADE TO THREE BILLION
Now in its 10th year of operations, Janashakthi bookes Rs. 3.1 billion premium income, and thus becomes the only Insurer in Sri Lanka to surpass the Rs. 3 billion mark within its first decade of operations.
AFTER THE WAVE
Janashakthi settles claims worth over Rs. 5 billion in the aftermath of the 2004 tsunami, the highest by any Sri Lankan Insurer.
Janashakthi Insurance is adjudged the ‘No.1 Service Brand of the Year’ at the SLIM Brand Excellence Awards 2006, having competed against market leaders in Insurance, leading banks, finance companies and other large conglomerates. Meanwhile, Janashakthi Full Option is adjudged the ‘Most Innovative Service Brand, whilst Janashakthi Insurance also emerges the Best Local Service Brand.
The only Insurance company to be awarded at the SLIM Brand Excellence Awards in 2007, Janashakthi continues ahead of its competition.
Janashakthi’s IPO is oversubscribed four and a half times.
The Company is awarded the prestigious ‘Award for Brand Leadership – Service Industry’ and the ‘Award for Social Marketing’ at the 18th World Brand Excellence Awards 2009, conducted by the World Brand Congress.
BRANDED FOR EXCELLENCE
Global awards for Brand Excellence in ‘Brand Leadership in Banking & Financial Services’ and ‘Overall Brand Leadership’ by the World Brand Congress continues to underscore Janashakthi’s world class operations.
Global awards for Brand Excellence in ‘Brand Leadership in Banking & Financial Services’ and ‘Overall Brand Leadership’ by the World Brand Congress. Winner of the ‘Business Innovation Award’ at the Asia Leadership Awards.
A PIONEERING SPIRIT
Founder and Deputy Chairman Mr. C. T. A. Schaffter is awarded the ‘Lifetime Achievement Award’ at the 16th Asia Insurance Industry Awards 2012, conducted by the Asia Insurance Review. The four awards are: ‘Industry Leadership’, ‘Brand Leadership’, ‘Brand Innovation’ and ‘Overall Brand Leadership’ in the Banking & Financial Services category. Meanwhile, Janashakthi is also awarded ‘Best CSR Practice Award’ at the Asia Leadership Awards, and ‘Brand Excellence Award in Banking Financial Services & Insurance’ at the CMO Asia Awards.
A DIGITAL UPDATE
Janashakthi introduces ‘Full Option Locator’ app for Smartphones. Designed and developed in-house by the Janashakthi IT team, the app uses customers’ phones’ location-based services to allow the Janashakthi Full Option team to find the vehicle and send assistance.
Later that year, Janashakthi’s IT team introduces an IT platform with the aim of increasing customer convenience. This in-house application integrates the branch network into a single platform that makes for greater interactions between customers and our employees while ensuring that the company had made a significant stride in ensuring a paperless environment.
Reliable financial information and high-quality presentation garners the Janashakthi 2011 Annual Report a merit award at the SAFA Awards for Best South Asian Annual Reports.
Janashakthi insurance reaches its highest ever consolidated revenue of Rs 9.9Bn reflecting 20% growth, stemming from attractive returns generated from the Company’s solid investment, allowing the Company to deliver a remarkable 22% return on equity to its shareholders, as well as net asset per share of Rs. 12.48, reflecting a 34% year on year growth. The strong financial performance, coupled with the largest recorded customer base of 700,000 customers, places the company in a stellar position to meet the impending regulatory split.
CONTINUED RECOGNITION AT SAFA
Janashakthi is placed 1st Runner Up in Insurance Category (South Asia) at the SAFA Best Presented Annual Report Awards contest organized by South Asian Federation of Accountants.
WINNING PEOPLE, WINNING CULTURE
Janashakthi wins a Silver award at the SLITAD People Development Awards organised by the Sri Lanka Institute of Training & Development.
Janashakthi receives global recognition at 4th CMO Asia Awards with the “Award for Brand Excellence in the Banking, Financial Services & Insurance category”.
WORLD BRAND CONGRESS
Janashakthi Insurance PLC is bestowed with the “Award for Brand Leadership in Banking, Financial Services & Insurance Sector” and the “Sustainable Marketing Excellence Award” at the Global Awards for Brand Excellence organized by the World Brand Congress.
TWENTY YEARS OF BRINGING LIGHT TO SRI LANKANS
Janashakthi celebrates 20 years in operation on 15th September 2014.
IN THE BUSINESS OF EXCELLENCE
Janashakthi insurance was bestowed with dual Golds at the “National Business Excellence Awards 2014” organized by the National Chamber of Commerce of Sri Lanka. Janashakthi wins Gold in the ‘Insurance category’ and Gold for ‘Capacity Building’ across all categories at the award ceremony.
ADAPTING TO CHANGE
Janashakthi split its Life and Non-Life Insurance operations in line with regulatory changes and as at 1st January 2015, the Company operates as two separate entities – Janashakthi Insurance PLC (JIPLC), the parent company, managing the Life Insurance business, and Janashakthi General Insurance Limited, a new entity which was created as a wholly-owned subsidiary of JIPLC, to which the Non-Life business was transferred.
ADAPTING TO WIN
Janashakthi General Insurance Limited acquires a 100% stake in AIA General Insurance Lanka Limited in October 2015. Significantly, Janashakthi Insurance PLC was the first and only local insurer to embark on an acquisition post-split.
PARTNERING FOR GOOD
Janashakthi Insurance PLC partneres the Foundation for Civilian Bravery to launch the first Janashakthi National Civilian Bravery Awards in 2016. The awards honour and celebrate selfless acts of bravery committed by Sri Lanka’s unsung heroes.
A GOLDEN MOMENT
Janashakthi Insurance PLC celebrates historic moment for the Janashakthi Life brand, winning the first ever Gold Effie awarded to the services industry and the Insurance sector, for our ‘Guiding Light to Life’ campaign at the 2017 Effie Awards.
In February 2018, Janashakthi Insurance PLC (JIPLC) enters into an agreement to sell all of the shares held by JIPLC in its wholly owned subsidiary Janashakthi General Insurance Limited (JGIL) to Allianz SE. The transaction is completed on the 26th of February 2018. The overall transaction is valued at LKR 16.4 billion, which is one of the highest values of non-government Foreign Direct Investment that is channelled into the country in recent years. Further, LKR 11.7 billion is returned to shareholders through one of the country’s biggest share repurchases, which is completed on the 26th of March 2018.
BACK TO OUR ROOTS
With the divestment of its General Insurance business, Janashakthi Insurance PLC returnes to its roots as a standalone Life Insurance company, relaunching its brand as ‘Janashakthi Life’ in June 2018, with a new brand logo and integrated communications campaign to highlight the ‘unwavering strength’ of the business.
In July 2018, Janashakthi Life launches the ground-breaking Janashakthi Life Advisor Virtual Office (AVO), which enables customers and agents to transact digitally, allowing Sales Agents to carry out all business transactions using a hand held device.
Janashakthi Insurance’s leadership at the Board of Directors and Corporate Management levels comprise of individuals who bring highly successful professional track records, typified by a pursuit of excellence that is grounded in a strong ethical base.
Director Chief Executive Officer
Deputy General Manager
Deputy General Manager
Head of Finance & Planning
At Janashakthi Life, our purpose is to uplift the lives and empower the dreams of the millions of Sri Lankan lives that we reach directly or indirectly, through a service that transcends Insurance.
At Janashakthi, we understand our role as a Corporate Citizen goes beyond the bottom-line. This insight comes from our deep roots to our community which, in turn, is reflected in our enshrining ideals: embedded in Janashakthi’s corporate purpose which outlines a deep commitment to Sri Lanka and its citizens.
It is why our Initiatives have always been designed to make an impact in communities that most need it. Broadly, Janashakthi’s sustainability focus covers the following categories: people, education, and arts. Wherever possible, we try to align our projects to supporting larger global priorities such as the Sustainable Development Goals.
The Janashakthi Shilpashakthi Year 5 Scholarship Programme is designed to provide inclusive and equitable quality education at a young age to inspire and promote lifelong...
Initiated in 2016, the School Name Project has reached hundreds of schools across the island, by providing them with new name boards in the language(s)...
Since 2015, Janashakthi has partnered with the Foundation of Civilian Bravery with the view of positioning the company as the 'Guiding Light of Life' within...
At Janashakthi Life, we believe in creating value for our customers, shareholders, employees, and partners. Find out more about our financial performance and updates here.
Find out more about our financial reporting and access our earnings updates by browsing through the section below.