The nation's health sector is at the forefront of the third world. Our literary rate is as high as 98 percent in contrast to Pakistan which is only 34 per cent. Every organisation cannot start on a large scale. During the last five decades successive governments have floated a large number of state organisations. It was the SLFP which launched most of those organisations for the betterment of the common man.
Insurance is a mechanism which is launched for the benefit of everybody without discrimination.
Today we are in the middle of a fearsome war which has consumed a substantial portion of national revenue. The corporation has also launched a series of insurance policies to suit persons from every segment of life, ranging from journalists to artistes, teachers, nurses etc. There is a deficiency of financial resources in the country and the corporation has proved to be a benefactor in terms of providing substantial revenue levels. There are certain private sector organisations which are inefficient whereas state owned and managed institutions such as the Sri Lanka Insurance Corporation Ltd., which are efficient. Vital segments of the economy such as health and education will not be privatised.