The National Insurance Trust Fund Board is primarily tasked with providing all government servants general insurance schemes. It is broken down into five divisions: the ‘Agrahara’ medical insurance scheme, the Strike, Riot, Civil Commotion and Terrorism Fund, Reinsurance, Motor Insurance, and General (Non Motor) insurance. The Agrahara medical insurance scheme involves hospital charge reimbursements, surgery related reimbursements as well as natural death covers. The Strike, Riot, Civil Commotion and Terrorism Fund was established to provide protection for general insurance policies issued in respect of those subjected to loss or damage to their property, setbacks to individual accidents, and bodily injuries occurring as a result of public strikes, civil commotion and terrorist activities in Sri Lanka. NITF’s Reinsurance segment has its primary objective as being an extension of support to all primary insurance companies operating in Sri Lanka while ultimately retaining foreign currency within the country. The motor division of the National Insurance Trust Fund provides comprehensive and third party insurance covers to government institutions and semi-government institutions at an affordable premium. NITF’s General Insurance (Non- Motor) business is subdivided into Fire, Marine, Medical, and Miscellaneous. NIFT was established by the National Insurance Trust Fund Act, No. 28 of 2006 and is headquartered in Colombo.
National Insurance Trust Fund

ROA
Governance
Profits/Losses
Governance Indicators
A systematic measure of how well this SOE is managed.
Year of the most recent Annual Report available online
Have Annual Reports for the last five years been tabled in Parliament?
Does the Annual Report include the mandatory provisions set out in the PED guidelines?
Is the Audit Clean / Qualified / Disclaimer?
Is the information pertaining to the RTI officer available on the website?
Does the SOE respond to an RTI within the timeframe specified in the Act?
Does the SOE have a website?
Does the SOE website contain sufficient organtisational details?
Does the SOE website contain tender and procurement details?
Interpratation of the indicators
Financials
Available Financial data for the last few years.
Year | Turnover (LKR) | Total Assets | Profit/Loss | Total Debt | Total Liabilities | Total Equity | Operational Profits | ROA |
---|---|---|---|---|---|---|---|---|
2020
|
17,475,028
|
27,358,314
|
7,526,099 | Data Not Avalaible |
13,295,770
|
14,062,544
|
8,865,926
|
31.3
|
2019
|
16,448,027
|
15,595,193
|
3,114,087 | Data Not Avalaible |
13,515,101
|
7,191,846
|
3,008,486
|
17.2
|
2018
|
13,653,431
|
15,595,193
|
3,183,239 | Data Not Avalaible |
8,639,105
|
6,956,088
|
3,288,840
|
18.6
|
2017
|
11,613,829
|
18,552,675
|
976,233 | Data Not Avalaible |
11,406,317
|
7,146,358
|
1,077,185
|
5.1
|
2016
|
6,813,758
|
19,515,634
|
2,839,752 | Data Not Avalaible |
11,950,775
|
7,564,858
|
2,839,752
|
17.9
|
2015
|
7,931,486
|
12,233,467
|
4,303,324 | Data Not Avalaible |
3,578,528
|
8,654,939
|
4,390,147
|
36.7
|
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