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Digital Motor Insurance Cards to Be Introduced in Sri Lanka from May 1st
The Pulse
EconomyTechHOT9h ago

Digital Motor Insurance Cards to Be Introduced in Sri Lanka from May 1st

TLDR
  • Digital motor insurance cards mandatory from May 1, 2026.

  • Physical cards will be prohibited after this date.

  • Ministry of Finance and IRCSL lead the initiative.

  • IASL and Sri Lanka Police support modernization efforts.

Sri Lanka is set to implement a nationwide shift to digital motor insurance cards, effective May 1, 2026. The Sri Lanka Insurance Regulatory Commission (IRCSL) has issued new provisions under the Insurance Industry Regulation Act No. 43 of 2000, mandating that all licensed motor insurers issue only digital cards to policyholders and prohibiting physical cards from this date. The Ministry of Finance, Planning, and Economic Development announced this initiative, highlighting its role in advancing national digitalization and enhancing public safety. This transition, developed in collaboration with the Insurance Association of Sri Lanka and the Sri Lanka Police Department, is also expected to contribute to environmental sustainability by replacing physical plastic cards.

Story Update

Update #2\u00b7 Apr 25 · 3:46 PM

The Ministry of Finance, Planning and Economic Development has announced that digital motor insurance cards are expected to be introduced from May 1st. This initiative will be implemented with the support of the Insurance Regulatory Commission of Sri Lanka (IRCSL), the Insurance Association of Sri Lanka (IASL), and the Sri Lanka Police. The move aims to modernize the motor insurance ecosystem, provide a seamless, paperless, and efficient experience for vehicle owners, and support national digitalization efforts.

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