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LOLC INSURANCE ARM SURGES AHEAD WITH RECORD-BREAKING PERFORMANCE IN Q3 2024
LOLC Insurance arm continues to strengthen their position in Sri Lanka's insurance industry, achieving impressive cumulative growth up to Q3 2024. LOLC Life Assurance recorded an impressive 56% cumulative growth in Gross Written Premiums (GWP) compared to the same period last year, marking the highest growth rate in the industry. This achievement is driven by customer-focused strategies and innovative offerings, including the E-Proposal Platform...
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LOLC AL-FALAAH VOTED BEST ISLAMIC LEASING PROVIDER AT THE IFN GLOBAL POLL 2024
LOLC Al-Falaah, the alternate financing unit of LOLC Finance, has once again cemented its legacy as a trailblazer in the Islamic finance landscape by being voted the “Best Islamic Leasing Provider (Global)” in the IFN Non-Banking Financial Institutions Poll 2024. This marks the third time in four years that Al-Falaah has achieved this No.1 position in this global accolade, underscoring its excellence as the most preferred alternate financial serv...
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LOLC GENERAL AND LIFE SECURE TOP SPOTS IN CUSTOMER EXCELLENCE
LOLC General Insurance and LOLC Life Assurance have secured top positions in the latest LMD rankings, earning recognition as the second and third best service providers in the General and Life Insurance categories, respectively. This remarkable achievement emphasizes LOLC Insurance’s firm commitment to delivering superior customer service and innovative solutions, reaffirming its leadership in Sri Lanka’s insurance industry. For LOLC Insurance,...
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LOLC FINANCE REPORTS LKR 8.1 BILLION PAT IN 1H 2024
LOLC Finance PLC has announced outstanding financial results for the six months ending 30th September 2024, marking a strong first half of profitability and growth. The company achieved a Profit After Tax (PAT) of Rs. 8.1 billion, a significant 46% increase compared to the Rs. 5.6 billion reported during the same period in 2023. This robust performance emphasizes LOLC Finance’s strength and resilience within a dynamic financial landscape. Key fi...
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LOLC TECH & SANFER PARTNERS TO DRIVE MARKET GROWTH FOR OASYS^.
OASYS^, a game-changing innovation by LOLC Technologies, a fully owned subsidiary of LOLC Group, has entered into a strategic partnership with Sanfer Technologies Ltd, also a fully owned subsidiary of South Asian Technologies. This partnership marks a significant advancement in its "Go-to-Market" (GTM) strategy. The Memorandum of Understanding (MoU) was officially signed on 16th October 2024, at LOLC Holdings PLC’s Head office in Rajagiriya, pavi...
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LOLC LIFE ASSURANCE WINS BEST CUSTOMER-ORIENTED COMPANY AT EMERGING ASIA INSURANCE AWARDS
LOLC Life Assurance has been honoured with the prestigious Best Customer-Oriented Company of the Year award at the 4th Emerging Asia Insurance Awards. This remarkable achievement underscores LOLC Life Assurance’s unwavering commitment to delivering exceptional customer service, understanding customer needs, and providing tailored solutions that offer security and peace of mind to individuals and families across the nation. The Emerging Asia Insu...
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LOLC Divi Saviya Covers 40% Of the Entire School System Nationwide
LOLC Divi Saviya has successfully completed Phase 03 of its education initiative, impacting 4,100 schools across Sri Lanka. This milestone achievement extends the program’s reach to 40% of the entire school system endorsing LOLC’s commitment to supporting the educational needs of students nationwide. Reflecting on the journey so far, Mr. Kapila Jayawardena, Group Managing Director/CEO of LOLC Holdings PLC, remarked, “This program was launched a...
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