Amana Takaful Life PLC
CCSELK:ATLL.N000018.10
LKR
-0.30
(-1.63%)
ISIN
LK0448N00007
Return %
Stock
S&P 500
1Y
-65.85
14.20
3Y
-37.59
81.12
5Y
21.48
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Colombo Sri Lanka
- IPO Date
- Aug 9, 2016
- Website
- takaful.lk
- Similar Companies
- Business
- Amana Takaful Life PLC is a Sri Lanka-based provider of Sharia-compliant life insurance and Family Takaful solutions. The company operates primarily within the long-term insurance sector, providing a comprehensive range of life protection, savings, investment, health, and retirement solutions to individual, retail, and corporate policyholders. Its core product and service portfolio comprises individual protection plans, including term life protection and mortgage protection takaful; investment and savings plans, featuring long-term capital accumulation and wealth-building schemes; child education plans structured to fund primary, secondary, and tertiary academic goals; retirement and pension solutions providing structured post-employment financial security; supplementary health and medical riders, including critical illness cover, hospitalization cash benefits, surgical cover, and total permanent disability benefits; specialized health solutions, including tailored medical coverage for senior citizens; and corporate group life takaful, encompassing group term life, employee medical benefits, and credit life takaful for banking and microfinance institutions. Amana Takaful Life PLC distributes its products through a nationwide branch network across Sri Lanka, a dedicated agency force, direct corporate sales channels, digital self-service platforms, and bancatakaful distribution partnerships with commercial and Islamic banking institutions. Originally established as part of the pioneering takaful operations of Amana Takaful PLC in 1999, the life insurance business was incorporated as a separate legal entity in 2014 to adhere to statutory insurance segregation mandates, subsequently listing on the Colombo Stock Exchange in 2016. Headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of Amana Takaful PLC. In recent operational developments, Amana Takaful Life PLC has advanced its digital transformation strategy by implementing end-to-end digital policy underwriting, automated mobile premium payment channels, and digital customer servicing portals. The company has also expanded its bancatakaful distribution footprint through new strategic tie-ups with domestic financial institutions, revamped its core child education and retirement portfolio to deliver enhanced flexibility, introduced expanded critical illness rider packages covering a wider spectrum of medical diagnoses, and broadened its market penetration under national inclusion initiatives designed to serve both faith-based and conventional retail demographics across Sri Lanka.