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Table 104 (Capital, Company)
Insurance Activities ( Rs Million )
Cap104e
Item 1998 1999 2000 2001
Paid - up Capital (as at End Period ) 1,217 1,367 1,523 2,019
Life Insurance        
Life Assurance ( as at 31 Dec.) 16,296 19,444 23,806 29,143
New Business        
Total Number of Policies (x1,000 Units ) 237 204 246 230
Total Sums Insured 23,819 26,382 27,546 30,492
Total Premium Collected 1,322 1,437 2,100 2,210
Business in Force ( Including New Business )        
Total Number of Policies ( x1,000 Units as at 31 Dec.) 852 880 942 963
Total Sums Insured (as at 31 Dec.) 70,556 70,066 94,567 103,348
Total Premium Collected 4,807 5,449 6,556 7,042
Benefit Payments         
Total 1,309 1,772 1,462 2,166
Maturity (Endowments Paid at Maturity ) 632 883 584 1,048
Death & Disability 331 422 405 453
Surrender 102 156 179 272
Other 244 311 294 393
Fire Insurance        
Net Premium ( Policies in Force ) 561 553 885 944
Net Claims Paid & Outstanding 106 125 107 219
Loss Reserve 20 67 46 49
Operating Profit / Loss 133 169 224 202
General Accident Insurance        
Net Premium ( Policies in Force ) 1,466 1,651 1,747 1,721
Net Claims Paid & Outstanding 683 986 900 1,105
Loss Reserve 83 144 96 55
Operating Profit / Loss 124 -42 129 -155
Marine Insurance        
Net Premium ( Policies in Force ) 409 407 477 470
Net Claims Paid & Outstanding 110 112 108 65
Loss Reserve 12 11 15 1
Operating Profit / Loss 75 71 110 125
Motor Insurance        
Net Premium ( Policies in Force ) 2,124 2,400 3,501 3,691
Net Claims Paid & Outstanding 1,307 1,517 1,937 2,272
Loss Reserve 146 214 -45 92
Operating Profit / Loss 18 -145 104 -65
Total General Insurance        
Net Premium ( Policies in Force ) 4,560 5,126 6,410 6,827
Net Claims Paid & Outstanding 2,206 2,741 3,052 3,661
Loss Reserve 261 431 112 197
Surplus ( + ) or Deficit ( - ) 350 305 567 106
Employment (Number of persons) 6,496 9,619 6,983 6,712
Total Number of Branches 270 285 288 303
Total Gross Assets 26,299 28,579 31,293 35,213
Net Profit ( Before Tax ) 974 873 1,011 1,908
Net Profit ( After  Tax ) 653 646 782 1,764
No of Institution Reporting 7 8 9 10
© 2003, KRI (Kusaka Research Institute) 
Source: 
Annual Report 2001 ,  Central Bank of Sri Lanka
Revised:  2003(y)/03(m)/01(d)
Chief Editor:
Dr. Milton Rajaratne (B.Com., M.Sc., Ph.D.)
      Head, Department of Management Studies
      University of Peradeniya.