Co-operative Insurance Company Limited (CICL) is the only company pursuing mutuality as the primary character, linking the clients, business partner and shareholders as integrated stakeholders' group who would enjoy the benefits of coming together. The eventually value additionally would benefits them all, thus eliminating the evil of exploitation.
The CICL is a result of labor by the cooperative movement along with well wishers, which started its operation on March 2nd 1999 [Company Registration No (PB834)]. With the initial teething problems, it has progressed now in to a fast growing venture in the field of insurance in Sri lanka. The Company has shown to the co-operate world that "small is beautiful" and could survive in a competitive market.
The CICL is a member of global community of 120 co-operative Insurance Companies in 65 countries in the developed and developing world. The Financial portfolio of the CICL is Rs: 200 million as an authorized share capital. The Capital structure has been purposely kept at that level with the intention of better dividends to stake holders and with the exception of regeneration of the capital through operations.
Company in the Global Perspective Co-operative Insurance Company Limited is an active member of the International Co-operative and Mutual Insurance Federation (ICMIF), which is based in the United Kingdom.
The ICMIF was formed by a small group of Co-operative Insurance in Rome in 1922 and survived two world wars. At present, the ICMIF has 120 members in 65 countries and also there have been autonomous regional association covering United State of America, Europe and Asia. Co-operative Insurance Company of Sri Lanka is a member of the Asia and Oceania Association (AOA) too.
The ICMIF supports its members through Re-Insurance, training, Consultancy, Research, Development and Publications, Website www.icmif.org would provide more details.
Our Vision
To be an organization that will stand 'united with its customers to the very end'.
Our Mission
To be ever mindful of the needs of our customers and, thereby make 'true protection' a way of life via the provision of innovative, yet affordable insurance solutions which confirm to the highest ethical and moral standards.PRODUCTS & SERVICESLife InsuranceSamagi Life Samagi SisusethaSamagi Thilina
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