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.
