National Insurance Trust Fund

What National Insurance Trust Fund does

The National Insurance Trust Fund (NITF) is a Sri Lankan government statutory body established under the National Insurance Trust Fund Act No. 28 of 2006 and headquartered at 95 Chittampalam A Gardiner MW, Colombo 2. Its core mandate is to deliver the "Agrahara" medical insurance scheme to approximately one million government servants and over three million dependents, with enrollment made compulsory by Public Administration Circular No. 12/2005. Beyond Agrahara, NITF underwrites motor insurance (available since 2008 for government and 2009 for the private sector), non-motor general insurance covering fire, marine and miscellaneous risks, accepts a 30% compulsory reinsurance cession from all Sri Lankan insurers, and provides Strike, Riot, Civil Commotion and Terrorist (SRCC & TC) cover — a line that traces back to a 1988 Cabinet-established fund.

NITF's product set spans five Agrahara tiers (Government Normal at LKR 200/month, Government Silver at LKR 450, Government Gold at LKR 750, Semi-Government Gold at LKR 1,800 and a Pension scheme) alongside Motor, Non-Motor, Reinsurance and SRCC & TC lines. Underlying technology is a conventional web-based member-management portal with role-specific logins for members, authorized officers, hospitals and staff, plus online claim-status checking, e-card issuance and a branch-network system — no proprietary AI/ML or advanced data platform is described in the available materials.

Revenue is generated through (a) recurring monthly premiums deducted from public-sector employees and pensioners, (b) commercial motor and non-motor premiums from government institutions and the broader public, (c) statutory reinsurance cession income from all Sri Lankan insurers, and (d) SRCC premiums. Distribution combines government-mandated enrollment via Public Administration Circulars, an authorized-officer network embedded in every government institute, a member web portal for self-service, hospital-MoU cashless servicing, and physical branches in Colombo, Kandy, Gampaha, Kegalle and 17+ district/regional offices. NITF reports 83 employees and 171,748 claims settled with LKR 6,859 million paid across the 2025 calendar year.

Name

National Insurance Trust Fund

Legal name

National Insurance Trust Fund Board

Website

https://nitf.lk

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Sri Lankan government statutory body established in 2006 providing mandatory Agrahara medical insurance to approximately 4 million government servants and dependents, plus motor, non-motor, compulsory reinsurance, and political-risk coverage domestically.

Ownership category

akta.pro rank

Product category

Government Insurance Services

NAICS

Health and Welfare Funds (525120), Direct Property and Casualty Insurance Carriers (524126)

SIC

Accident & Health Insurance (6321), Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)

akta.pro secondary industry

General Liability Insurance (FSAJAMAE)

Keywords

• Government medical insurance
• Motor insurance services
• Reinsurance solutions
• Statutory insurance fund
• Public sector insurance

Headquarters

HQ city

Colombo 2

HQ country

Sri Lanka

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Agrahara Medical Insurance Premiums: Monthly premium collections from government, semi-government, and pensioner members under mandatory insurance schemes
2. Motor Insurance: Motor vehicle insurance for government institutions and general public
3. Non-Motor Insurance: Fire, Marine, and Miscellaneous insurance for government and public
4. Reinsurance: Reinsurance services for all types of risks including catastrophic losses, accepting 30% compulsory cession from Sri Lankan insurers
5. SRCC & TC Coverage: Strike, Riot, Civil Commotion and Terrorist Coverage

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

National Insurance Trust Fund (NITF) is a Sri Lankan government statutory insurance body that provides medical insurance for government servants via the Agrahara Scheme (Normal, Silver and Gold tiers), Motor Insurance, Non-Motor Insurance (Fire, Marine, Miscellaneous), Reinsurance, and SRCC & TC cover for strike, riot, civil commotion and terrorist risks. The fund operates under the NITF Act No. 28 of 2006 and serves over 1.2 million members across government and semi-government institutions, pensioners and the general public through its insurance product portfolio.

Product overview

National Insurance Trust Fund (NITF) is a government insurance provider offering a portfolio of products through its Agrahara medical insurance scheme (with Government Normal, Silver, Gold, Semi-Government Gold, and Pension variants), Motor Insurance, Non-Motor Insurance (Fire, Marine, Miscellaneous), Reinsurance services for Sri Lankan insurers, and SRCC & TC (Strike, Riot, Civil Commotion and Terrorist) coverage. Established by the National Insurance Trust Fund Act No. 28 of 2006, NITF serves approximately 1 million government servants and over 3 million dependents.

Differentiator

Problem solved

Functional benefit

Brands

• Agrahara: Medical insurance scheme for government servants and their families providing hospitalization, surgical, maternity, and other medical benefits
• SRCC & TC
• Agrahara Motor e-card

Products and services

• Agrahara Medical Insurance Scheme

Quantifiable outcome

• 171,748 claims settled in 2025 with Rs 6,859 million in payments
• +1 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core.

• Roseth Hospitals PLCcoreStrategic or Co-development Partner · 16 May 2026MoU for enhanced services and special discounts for all Agrahara members including government, semi-government servants and pensioners for outpatient and inpatient treatments and laboratory tests
• Winsetha Hospitals PLCcoreStrategic or Co-development Partner · 16 May 2026MoU for enhanced services and special discounts for all Agrahara members including government, semi-government servants and pensioners
• Cooperative Hospitals KurunegalacoreStrategic or Co-development Partner · 16 May 2026MoU for enhanced services and special discounts for all Agrahara members in Kurunegala region
• Kings Hospital Colombo PLCcoreStrategic or Co-development Partner · 16 May 2026MoU for enhanced services and special discounts for all Agrahara members including government, semi-government servants and pensioners
• Leesons Hospitals PLCcoreStrategic or Co-development Partner · 11 March 2026MoU for enhanced services and special discounts for all Agrahara members
• Melsta HospitalscoreStrategic or Co-development Partner · 11 March 2026MoU for enhanced services and special discounts for all Agrahara members
• Hemas Hospitals PLCcoreStrategic or Co-development Partner · 19 February 2026MoU renewal for enhanced services and special discounts for all Agrahara members
• Ceylon Hospitals PLCcoreStrategic or Co-development Partner · 17 February 2026MoU renewal for enhanced services and special discounts for all Agrahara members
• Ninewells Hospitals PLCcoreStrategic or Co-development Partner · 17 February 2026MoU renewal for enhanced services and special discounts for all Agrahara members
• Asiri HospitalscoreStrategic or Co-development Partner · 17 February 2026MoU renewal for enhanced services and special discounts for all Agrahara members
• Nawaloka Hospitals PLCcoreStrategic or Co-development Partner · 17 February 2026MoU renewal for enhanced services and special discounts for all Agrahara members
• Central Engineering Consultancy Bureau (CECB)coreStrategic or Co-development Partner · 16 February 2026MoU to provide Semi Government Agrahara medical insurance scheme for CECB staff members
• Suwasewana Hospital KandycoreStrategic or Co-development Partner · 9 January 2026MoU renewal for enhanced services and special discounts for Agrahara members in Kandy region
• Lanka HospitalscoreStrategic or Co-development Partner · 9 January 2026MoU renewal for enhanced services and special discounts for Agrahara members
• Durdens Hospitals GroupcoreStrategic or Co-development Partner · 5 September 2024MoU for enhanced services and special discounts for Agrahara members
• Sri Lanka Ports AuthoritycoreStrategic or Co-development Partner · 19 June 2024MoU for Agrahara health insurance covering approximately 8,000 port authority employees

Scale indicators4 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Union Assurance PLC: Listed Sri Lankan insurer offering general insurance including motor, fire, marine, and health. Comparable scale and product mix to NITF's non-Agrahara general insurance lines.
• People's Insurance PLC: Listed Sri Lankan general insurer offering motor, fire, marine, and other non-life insurance products. Directly overlaps with NITF's Non-Motor and Motor insurance offerings in the open market.
• Fairfirst Insurance Limited: Sri Lankan general insurer offering motor, fire, marine, and health insurance products. Comparable in product portfolio and customer segments to NITF's open-market non-Agrahara lines.
• Co-operative Insurance Company Limited: Sri Lankan cooperative-sector insurer offering general insurance products similar to NITF's motor and non-motor lines. Carved out of the same cooperative/public sector ecosystem that NITF serves.
• Ceylinco Insurance PLC: One of Sri Lanka's largest private general insurers, offering motor, fire, marine, and miscellaneous insurance across the same product categories as NITF's non-motor and motor lines. Competes directly for non-Agrahara insurance customers.
• HNB Assurance PLC: Joint venture between HNB and AIA offering both life and general insurance in Sri Lanka. Comparable in product breadth (health, motor, fire, marine) and competes for both government and private sector insurance customers.
• Sri Lanka Insurance Corporation (SLIC): Sri Lanka's largest state-owned general insurer, also wholly government-owned. Operates across life, general, and reinsurance with similar statutory positioning to NITF; the most direct peer in terms of ownership structure, product portfolio, and Sri Lankan government backing.
• Asian Alliance Insurance PLC: Sri Lankan general insurer offering motor, fire, marine, and other general insurance. Direct competitor in the non-government general insurance market for NITF's motor and non-motor segments.

Regional players

• AIA Insurance Lanka Limited: Local arm of global insurer AIA offering life and health insurance in Sri Lanka. Comparable in the health insurance category (overlapping with Agrahara's supplementary health offering) but operates as a regional subsidiary of a multinational carrier.

Others

• Lanka Insurance Institute / Insurance Association of Sri Lanka: Industry body and educational institution for Sri Lanka's insurance sector. NITF is a dominant participant in this ecosystem and is shaped by its regulatory and industry-wide frameworks. Included as an ecosystem-level peer rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=nXllh-YWqCY
• LinkedInlinkedin.com/company/nitf

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Insurance Trust Fund