The Cabinet has approved a proposal to reduce the annual group insurance coverage for Members of Parliament from Rs. 1 million to Rs. 250,000, effective from October 9, 2025.
The proposal was presented by Minister of Public Security and Parliamentary Affairs Ananda Wijepala, aligning with a budget recommendation made earlier by President Anura Kumara Dissanayake to trim MP privileges.
The group insurance scheme was first introduced in May 2023, providing each MP with a maximum annual cover of Rs. 1 million. Since then, the benefits have been disbursed under this framework.
The revised coverage limit of Rs. 250,000 per MP will be applied to the upcoming insurance year starting in October. (Newswire)
