In a significant move to blend financial security with community empowerment, Sri Lanka Insurance Corporation General Ltd. (SLICGL) and the Royal College Union (RCU) signed a Memorandum of Understanding (MoU) on April 9, 2025. The strategic partnership aims to offer exclusive insurance benefits to RCU members while channeling support towards the education and development of deserving students from Royal College.
Under the agreement, SLICGL will contribute a portion of net premiums from policy conversions directly to the RCU Loyalty Pledge. This fund supports honorary scholarship schemes for talented students, reinforcing both organizations’ commitment to social responsibility and long-term educational impact.
Highlighting the unique value of the collaboration, SLICGL Chief Operating Officer Priyantha Perera stated, “We are proud to collaborate with RCU in an initiative that not only provides financial security but also strengthens alumni engagement. This partnership redefines the role of insurance, showing that it can be a vehicle for community upliftment, not just profit.”
RCU members will enjoy a range of tailored benefits, including discounted rates on SLICGL’s medical insurance policies ‘Medi Plus’ and ‘Medi 60’, as well as loyalty rewards on apparel, vehicle services, eyewear, and travel. For Old Royalists insuring high-value vehicles under SLICGL’s Motor Comprehensive Policy, additional perks such as the ‘Inform & Move’ service and complimentary Home Protect Lite or Solar Insurance cover are available.
Aruna Samarajewa, Secretary of RCU, welcomed the partnership as a powerful example of community-driven progress. “This collaboration is a testament to the strength of the Royal College community. Through the Loyalty Pledge scholarship programme, we are ensuring sustainable support for our young students, and SLICGL’s contribution enhances our ability to give back to our alma mater.”
As one of Sri Lanka’s most respected alumni networks, RCU has long played a pivotal role in supporting Royal College. This latest partnership not only brings financial advantages to its members but also establishes a model for impactful corporate-alumni collaboration. By linking insurance benefits with educational philanthropy, SLICGL and RCU are setting a new standard in socially conscious partnerships.
