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Union Assurance PLC

80Score

★★★☆☆3.9

Customer satisfaction · 0 members

IRCSL: Top 5 Life Insurer(2025)

Union Assurance is a subsidiary of John Keells Holdings, the largest listed conglomerate in Sri Lanka. It focuses purely on life insurance (having divested its general insurance business to Fairfirst in 2015) and offers health and life products with strong brand recognition.

Overall Score

80/100

Founded

1987

Headquarters

Colombo

Type

private

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Key Metrics

Parent Group

John Keells Holdings

Focus

Pure life insurance (divested general in 2015)

Distribution

Strong brand and distribution network

Editorial Ratings

IRCSL: Top 5 Life Insurer(2025)

Rating: Top 5 life insurer — John Keells Holdings subsidiary (max: #1)

80IRCSL

Coverage Highlights

✓Health and life insurance products
✓Backed by John Keells Holdings (largest listed conglomerate)
✓Focused life insurance strategy after divesting general insurance
✓Long operating history since 1987

Pros

✓Backed by John Keells Holdings (Sri Lanka's largest conglomerate)
✓Focused life insurance strategy
✓Strong brand and distribution
✓Long operating history (since 1987)

Cons

✗No general insurance (life and health only)
✗Health products secondary to life insurance
✗Less health-specific innovation than competitors

Frequently Asked Questions

Who owns Union Assurance?

Union Assurance is a subsidiary of John Keells Holdings, the largest listed conglomerate in Sri Lanka.

Does Union Assurance offer general insurance?

No. Union Assurance divested its general insurance business to Fairfirst in 2015 and now focuses purely on life and health insurance products.

Quick Summary

InsurerUnion Assurance PLC

Country🇱🇰 Sri Lanka

Overall Score80/100

Satisfaction3.9/5

Members0

Typeprivate

Founded1987

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