Janashakthi Archives

March 12, 2024

12^th March 2024, Colombo: For the second consecutive year, Janashakthi Group (JXG) has stepped in as the title sponsor for the Battle of the Hindus, the cricket encounter between Hindu College Colombo and Jaffna Hindu College. This sponsorship underscores Janashakthi Group’s long-standing commitment to supporting cricket in Sri Lanka, as well as its dedication to nurturing young, aspiring athletes.

With the objective of fostering camaraderie and elevating the standard of college cricket, Hindu College Colombo and Jaffna Hindu College Old Boys’ Associations (OBAs) collaboratively initiated the Annual Cricket Encounter. The inaugural match took place in Colombo 1982, followed by the second encounter hosted by Jaffna Hindu College in 1983. Due to various circumstances the match could not be conducted every year despite significant efforts by both parties. After a substantial hiatus, a 40-overs encounter was played in Colombo in 2005. The fourth match was held in Colombo in 2013, and subsequently, from 2014 to 2019, both schools alternated as hosts of the event. Following an interruption caused by the Covid-19 pandemic, the twelfth encounter was successfully held in Colombo in 2023 with Janashakthi Group as the title sponsor. 2023 encounter concluded with Jaffna Hindu College winning the match.

The match will adhere to the rules and regulations set forth by the Sri Lanka School Cricket Association (SSCA), ensuring fair play and competitive spirit throughout the two-day event. The Battle of Hindus promises to be a thrilling showcase of talent, sportsmanship, and tradition, and Janashakthi Group takes pride in its role in supporting this event.

February 26, 2024

First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces its strong financial results for the nine months ended December 31, 2023.

The Group reported a Profit after Tax of Rs. 9.4Bn, marking a significant increase compared to Rs. 1.7Bn recorded in the corresponding period of the previous year. Despite a loss of Rs. 237Mn in the 3rd quarter of 2023/24, primarily attributed to withholding tax on inter-company dividends totalling Rs. 825Mn, the Group’s overall performance demonstrates resilience and strategic growth. The dividend payout is the highest in the company’s recorded history for its shareholders.

The Primary Dealer division emerged as a key contributor to the Group’s success, reporting a Profit after Tax of Rs. 10.1Bn for the nine months ended December 31, 2023, compared to Rs. 1.9Bn in the previous year. This remarkable performance was driven by substantial trading gains on the government securities portfolio amounting to Rs. 14.3Bn and net interest income of Rs. 2.6Bn.

Additionally, the Corporate Dealing Securities division recorded a Profit after Tax of Rs. 77Mn for the same period, marking a significant turnaround from the previous year’s loss after Tax of Rs. 364Mn. The Wealth Management division reported a Profit after Tax of Rs. 20Mn, with assets under management reaching Rs. 75Bn as of December 31, 2023, demonstrating robust growth. Furthermore, the Stock Brokering division posted a Profit after Tax of Rs. 27Mn for the nine months ended December 31, 2023.

Commenting on the financial results, Dilshan Wirasekara, MD/CEO of First Capital stated, “We are pleased with the strong financial performance achieved during the nine months ended December 31, 2023. Our Primary Dealer division’s outstanding results reflect our ability to capitalize on market opportunities, while our diverse portfolio of services continues to drive growth across all segments. We remain committed to delivering value to our stakeholders and maintaining our position as a leading player in the investment sector.”

First Capital Holdings PLC is focused on delivering “Performance First” through its operations and a vision to improve the lives of all Sri Lankans through financial solutions. With over four decades of expertise in providing capital market solutions, First Capital Holdings PLC is a listed full-service investment institution in Sri Lanka. First Capital Holdings PLC is rated [SL] A with Stable outlook by LRA.

August 1, 2022

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Orient Finance PLC, a member of the Janashakthi Group and a leading financial service provider, partners with Greasemonkey.lk, Sri Lanka’s largest automobile e-commerce platform to offer their customers special offers and discounts as the leading financial institution celebrates its 41^st anniversary.

As part of the partnership, Greasemonkey.lk will offer Orient Finance customers special discounts on a variety of automobile accessories and essentials, including spare parts, auto care products, engine oil and lubricants, vehicle condition report service and many more. All Orient Finance customers will be provided a special code to avail the special offers online via www.greasemonkey.lk, and to ensure convenience, the purchased products will be delivered right to the doorstep.

Commenting on the partnership, K.M.M. Jabir, Executive Director and Chief Executive Officer of Orient Finance PLC said, “We are happy to collaborate with Greasemonkey.lk to offer this value-added service to our valuable customers. Given the challenging times we face, we’ve worked especially hard to empower our customers with multiple ways of cost savings to utilize their finances effectively through these value additions. As the purchasing experience is in a few clicks with hassle free doorstep delivery, this ensures that our customers are offered with convenient and timely solutions to fulfill their needs. We hope that our customers will make use of this exclusive offer and reap its benefits.”

Furthermore, “We would like to sincerely thank all our customers, employees and partners for their patronage and support over the last four decades. This year, as we celebrate our 41st anniversary, we renew our commitment to deliver a service that goes that extra mile, beyond the norms to help our customers during these tough times”, he added.

“We are extremely happy to work with Orient Finance PLC, an esteemed Finance Company in Sri Lanka, and to serve its customer base. Automobile accessories and related services are essential for auto maintenance and we have a variety of options in our website. We are the largest automobile e-commerce platform in Sri Lanka and we look forward to expanding the benefit scheme to other product and service categories in future with Orient Finance” said, Niduksha Widisinghe, Managing Director of Greasemonkey.lk.

Over the course of 41 years, Orient Finance PLC has positioned itself as an innovative, customer-centric and financial service provider, offering timely product offerings coupled with dedicated customer service. Focused on providing win-win solutions to all customers for a long-term mutual gain, Orient Finance will continue to step up and lead the nation’s recovery by facilitating financial well-being. The new strategic focus and initiatives have already begun to propel Orient Finance towards sustainable growth in this exciting era of growth and excellence.

July 4, 2022

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Orient Finance PLC, a member of the Janashakthi Group and a leading financial service provider, recently launched a special fixed deposit scheme which is an investment product that offers a fixed deposit with a life insurance and a critical illness cover. Furthermore, to educate the community and raise awareness on the financial benefits offered by this product, the sales team conducted several awareness sessions across the country. This innovative financial solution provides financial stability as well as enhanced life protection and is customizable as per customer needs. During these awareness sessions, customers were able to discuss the product offerings and customize this investment plan to suit their needs. While the Policy value will be decided based on the total value of the fixed deposit placed, the eligible account holders will also receive a specially designed co-branded insurance card.

Commenting on this latest initiative, K.M.M. Jabir, Director and Chief Executive Officer of Orient Finance PLC said, “We introduced this special scheme to support our valued customers through these challenging times. Orient FD Plus is one-of-a-kind fixed deposit scheme with a guaranteed life insurance as well as a critical illness cover. Through this fixed deposit scheme, we are offering our customers a guaranteed return investment plan despite the high volatility of the market, to protect them from experiencing losses in the current market scenario.”

Orient Finance PLC offers an array of tailored financial services which includes mobilization of Deposits, Savings Accounts, Leasing, Hire Purchase, Pledge Loans, Factoring, Margin Trading, Pawning, Working Capital and Corporate Financing. The company’s valued clientele varies from high end corporates to budding entrepreneurs with a regular and stable income. More information on this innovative FD scheme can be obtained from the nearest Orient Finance PLC branch or the customer service hotline on +94 (0) 11 757 7577.

March 23, 2022

Janashakthi Life recently sponsored the Tamil Union Open SLTA Ranking Tennis Tournament 2022. Held at three different venues, with over 458 entries, this SLTA-ranked tournament was highly anticipated and eligible to all children aged-18 and below.

Following 550 matches over a period of 14 days that culminated in a series of interesting finals, two Challenge Trophies were awarded to the best Female and Male Players of the tournament. These players were Dinara De Silva and Apna Perera, respectively.

A selection of highly qualified umpires and a tournament referee, Manoj Lakmal from the Sri Lanka Tennis Association ensured that this sporting event progressed efficiently and fairly. Under the guidance of the tournament director, Anupa Maththamagoda as well as the organization of ACM Sports, the event was carried out smoothly, with the added benefit of daily updates and scheduling.

A total of 88 trophies were awarded to the young boys and girls that had demonstrated their prowess in the world of Tennis. These skilled winners of the Janashakthi-Tamil Union SLTA Ranking Tournament were as follows:

Boys Singles Under 12

Risith Somaratna – Winner
Minhas Muthuthanthri – Runners-up

Boys Singles Under 14

Louis Knese – Winner
Ganuka Fernando – Runners-up

Boys Singles Under 16

Tharuk Marasinghe – Winner
Sandas Usgodaarachchie – Runners up

Boys Singles Under 18

Apna Perera – Winner
Thilina Dissanayake – Runners-up

Boys Doubles Under 14

Kavindu Sawmya / Ganuka Fernando – Winners
Mayanka Perera / Rehan Gunawardane – Runners up

Boys Doubles Under 18

Taruk Marasinghe / Sandas Usgodaarachichie – Winners
Manesh Kajan / Thisanda Bellanaarachichi – Runners up

Girls Singles Under 12

Akeesha Silva – Winner
Sandithi Usgodaarachchie – Runners-up

Girls Singles Under 14

Arushi Thomas – Winner
Vinuli Jayasinghe – Runners-up

Girls Singles Under 16

Ruvi Luwkebandara – Winner
Arushi Thomas – Runners up

Girls Singles Under 18

Dinara De Silva – Winner
Dewmini Warnasuriya – Runners-up

Girls Doubles Under 14

Akeesha Silva / Movindi Fernando – Winners
Venuli Jayasinghe / Nisali Dissanayake – Runners up

Girls Doubles Under 18

Inuki Jayaweera / Melasha Randeniya – Winners
Preethika Chandramohan / Tuvini De Alwis – Runners up

With the objective of nurturing sporting excellence for all age groups, the Janashakthi-Tamil Union SLTA Ranking Tournament was an undeniable success

February 14, 2022

Highlighting the stellar quality of its sales team, Janashakthi Insurance PLC has created history by having as many as 108 sales team members qualify for the MDRT (Million Dollar Round Table) within a single year in 2021, a testimonial to the company’s successful products and services approach. This outstanding achievement marks a significant milestone for Janashakthi as 108 MDRT members is the highest the company has ever produced within 12 months as compared to 27 MDRT qualifiers within a year in the past. The MDRT qualifiers from Janashakthi consist of 1 Life member, 5 Top of the Table members, 9 Court of the table members and 93 qualifiers. Janashakthi Insurance’s sales teams maintain a strong professional reputation and a high level of work ethic and commitment to excellence. MDRT, as per the United States membership criteria, is the highest international recognition bestowed upon insurance sales personal in the world.

“Achieving 108 MDRT qualifiers within a single year is a huge achievement and we at Janashakthi are extremely proud at the effort made by the sales team. This milestone has raised the bar not only for us, as the leading insurer, but for the entire insurance industry to follow. As the premier insurer, we will consolidate this achievement to increase the number of MDRT qualifiers year on year. Our commitment to empower our sales force with best-in-class training and focused career progression inspires them to give of their best in every customer interaction to further enhance customer experience. We are even prouder of this recognition because it has been achieved amidst pandemic induced economic challenges. This milestone also reflects that our insurance solutions resonate with the people of the nation. Janashakthi Insurance remains committed to touching lives across the country, led by our world-class sales teams,further I am happy to note the Company has achieved 5 Top of the Table qualifiers where they have reached six times the minimum MDRT criteria enriching the captioned achievement much grandeur.” said Ravi Liyanage – Director/ Chief Executive Officer of Janashkthi Life.

Janshakthi Life established the Janashakthi MDRT Winning Club for the year 2021 which was launched in the 1^st quarter with the objective of producing 100 MDRT qualifiers for the year 2021. This initiative was further strengthened by integrated training and mentoring programmes to drive a performance culture that empowered and groomed the sales team through a series of workshops.

A pioneering Life insurer, Janashakthi Life has continued to gain and nurture the trust of customers across Sri Lanka with ethical and transparent conduct in all business affairs along with exceptional focus on customer service. Over a span of 26 years, Janashakthi Life has continued to revolutionize the insurance industry and journeyed forward to become a leader in the Life insurance industry in Sri Lanka, delivering a service beyond Insurance to all its customers and stakeholders while remaining true to its purpose of uplifting lives and empowering dreams.

In order to facilitate seamless continuation of life policies and enhanced accessibility the company has introduced multiple ways of paying premiums through online platforms and bank transfers. The online payment portal is geared to facilitate multiple online transaction and has been increasingly gaining momentum due to its accessibility and convenience. These platforms allow policyholders to carry out their policy payments online and maintain active policies to ensure that their protection needs are fulfilled during these challenging times.

Furthermore, Janashakthi Life has launched several innovative insurance solutions and path breaking products including Life Unlimited which provides lifelong hospitalization, Janashakthi COVID Guard – a world’s first in providing financial protection from COVID-19 among other products. Janashakthi Life offers a range of Life Insurance solutions and services that cater to different stages of the life cycle of an individual from childhood to retirement including educational needs, savings and investments, health requirements and mortgage protection.

This significant achievement demonstrates not only the caliber, professionalism and commitment of Janashakthi Life’s sales teams, but also the dedication and passion of the leading insurer in driving excellence in their workforce to ensure highest levels of service excellence.

MDRT is a global, independent association of the world’s leading life insurance and financial services professionals with 66,000 members in 72 countries from more than 500 of the world’s leading companies. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognised internationally as the standard of excellence in the life insurance and financial services business. This recognition gives these high-flyers the unique opportunity to interact with and learn from the world’s best minds in the business while showcasing Janashakthi’s best practices and innovations to the world.

February 3, 2022

The Janashakthi Good Health Global Health Passport

Medical emergencies can happen to anyone, anywhere and at any time and often, the best treatments come at an expensive price. What happens if the best option just happens to be overseas? During such a situation, finding the right medical treatment can be the difference between a speedy or drawn-out recovery, and worrying about international medical expenses shouldn’t become an added burden, especially during this time.

The Janashakthi Good Health Global Health Passport offers customers international hospitalization coverage, whether it be a planned hospitalization with prior Janashakthi approval or an emergency hospitalization while travelling abroad. The Good Health Worldwide will act as a global health passport with geographical coverage extending from Sri Lanka to the Asia Pacific and worldwide providing the customer with cashless hospitalization across the world without any hassle.

With 26 different benefit plans to choose from and coverage ranging from Rs. 100,000 to Rs. 50 million at affordable premiums as low as Rs.5, 000 a month, the Janashakthi Good Health offers flexibility to the customer to make the perfect choice based on their need. With comprehensive medical coverage that covers pre and post hospitalization expenses, surgery charges, doctor fees, medicine and other treatments including organ donor expenses, the Janashakthi Good Health is a must have product benefit for customers to get the right treatment at the right time with no compromises or delays.

Janashakthi Good Health Global Health Passport is offered as a rider product and can be attached to any of the regular premium policies in the Janashakthi Life portfolio. In addition to comprehensive international medical coverage, customers will also enjoy cashless hospitalisation with access to over 60 hospitals in Sri Lanka with all medical expenses taken care of upon discharge. Policyholders can also restore benefits up to the value of the original per annum medical benefit to claim again during any policy year with the Janashakthi Restore Benefit or double the benefit amount in just four years, free of charge, with a no claim bonus of 25% per year under the Janashakthi No Claim Benefit.

“The Janashakthi Good Health Global Health Passport is a testimony for Janashakthi’s quest of offering industry best and world class products benefits. This was launched with careful consideration of customer needs and creating best value to our customers. The Janashakthi Good Health cover is yet another enhancement in our portfolio providing unmatched comprehensive medical coverage which is hassle free and value for money, giving our customers the flexibility to choose the perfect treatment in any medical emergency without the burden of financial worries” commented Ravi Liyanage, Director/ Chief Executive Officer of Janashakthi Insurance PLC.

A pioneering Life insurer, Janashakthi Insurance PLC has continued to revolutionize the insurance industry for over 27 years, delivering a service beyond insurance to all its customers and stakeholders while remaining true to its purpose of uplifting lives and empowering dreams. Janashakthi Insurance PLC offers a diverse portfolio of Life Insurance solutions and benefit plans that cater to different stages of the life cycle of an individual from childhood to retirement including educational needs, savings and investments, health requirements and mortgage protection.

May 28, 2020

K.V. Kuganathan, has been appointed to the board of directors of British Computer Society (BCS), the Chartered Institute for IT – UK with effect from March 2020.The BCS; a Royal Charter since 1984 defines the purpose of setting and maintaining standards of professional competence, conduct and ethical practice within the IT industry. The sole responsibility of the organization is to lead the IT industry through its ethical challenges, to support the people who work in the industry, and to make IT good for society. The organization operates in 150 countries and is comprised of a wider community of business leaders, educators, practitioners and policy-makers all committed to common mission since 1957.

K V Kuganathan was also appointed as the Chairman of BCS, the Chartered Institute for IT – Sri Lanka which is the largest ICT professional body in Sri Lanka as well as a part of Asia pacific ICT Alliance formally known as APICTA, earlier this year.

April 4, 2020

Colombo In its milestone 25^th year of operation, leading insurer, Janashakthi Insurance PLC recorded an impressive growth of 30% in first-year premiums for the financial year of 2019, with Gross Written Premiums (GWP) of LKR. 3.5 billion. This commendable growth can be attributed to the renewed singular focus on Life Insurance, which the Company embarked on in a strategic step in 2018.

The Company’s post-tax profits stood at LKR. 398 million for the period ended 31^st December 2019. Janashakthi Life’s Investment income was at LKR. 1,643 million at the end of the period under review, recording a growth of 8% year on year. Janashakthi Life’s Net Claims and Benefits grew by 18% year on year, from LKR. 1,510 million to LKR. 1,924.

“During our 25th milestone year, we truly witnessed the benefits of our strategic shift of returning to our roots with a singular focus on Life Insurance. Steered mainly by innovation and our customer driven approach, the company embarked on a steady path of growth within the year 2019. However, 2020 will be an exceptionally challenging year for the economy due to the unprecedented impact of the COVID-19 pandemic. The safety and well-being of our community is our priority and it is crucial that we comply with the government regulations and take necessary precautionary measures as advised, to prevent further spread of the virus,” commented Prakash Schaffter, Chairman of Janashakthi Insurance PLC.

“Health and safety of our employees, customers, and community are of paramount importance especially with this unforeseen global crisis of COVID-19 impacting us all. We assure you that we are committed to empower and support our communities in these challenging times. With our enhanced digital capabilities implemented in 2019, we have activated several online alternatives to ensure safety and convenience of our customers in this time of need. Further, we have also extended our policy riders to cover all our life customers on claims arising due to Covid-19 in Sri Lanka. Furthermore, due to the prevailing situation and the decline in economic activity we have revisited our business strategies to counter COVID-19’s economic implications. As a purpose driven insurer, we remain committed to uplift the lives of our community and to support each other to navigate this prevailing emergency situation of health and economic challenge posed by COVID-19 pandemic,” commented Jude Fernando, Director/ Chief Executive Officer of Janashakthi Insurance PLC.

Over quarter of a century, Janashakthi Life continued on a robust journey of growth, becoming a trusted insurance partner and a household name in Sri Lanka. A strong ‘Life Insurance’ network and dedicated call centres, strengthens Janashakthi Life’s formidable presence across the nation. The Company continues to uplift lives and empower dreams through consistent innovations in line with customer requirements whilst also remaining true to the strong principle of integrity.

February 27, 2018

Mr. Prakash Schaffter, Managing Director – Janashakthi Insurance PLC

Older Posts

The 13th Edition of the Battle of the Hindus Cricket Encounter is powered by Janashakthi Group

First Capital Holdings PLC Delivers Strong Financials to December 31, 2023.

Orient Finance partners with Greasemonkey.lk to offer special discounts on Automobile Accessories

Orient FD Plus, a special Fixed Deposit scheme with a Life insurance and a Critical Illness Cover

Janashakthi-Tamil Union SLTA Ranking Tournament 2022

Janashakthi exceeds Global Standards in Life Insurance Over 100 MDRT qualifiers

Janashakthi Launches ‘Unmatched Global Health Product’

K.V. Kuganathan – Head of IT, Janashakthi Life appointed to BCS, the Chartered Institute for IT – UK board

Janashakthi Life records a double-digit growth in 2019

Janashakthi Delivers Sustained Double Digit Growth through FY 2017