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Janashakthi Life Insurance Co. Ltd was incorporated in Sri Lanka as a public company with limited liability in 29th October 1992.

Janashakthi General Insurance Co. Ltd. was established on 20th September 1995 as Sri Lanka's first specialised general insurer.

The company began exercising social responsibilities as a corporate entity by becoming involved in several social projects. A massive programme for the safety of people on the highway, in Colombo, was undertaken at Pedestrian Crossings, Guard Rails and Belisha Beacons.

Janashakthi Insurance acquired a controlling interest in National Insurance Corporation Ltd.

In the same year the Life Operations Department received ISO 9002 International Service Quality Accreditation. Janashakthi was in fact the first insurer in Sri Lanka to have obtained this certification.
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