Background
His mother died when he was two, and his father died when Schaffter was 11.
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Chandra Schaffter
Edit ProfileCareer
He played first-class cricket for Ceylon in the 1950s, and founded Sri Lanka"s first major Sri Lankan-owned insurance company, Janashakthi, in 1994. Schaffter boarded at South. Thomas" College, Mount Lavinia, representing the school First XI for several years as an opening bowler. He played three first-class and two one-day matches for Ceylon between 1953 and 1958.
He also represented Sri Lanka at hockey.
Schaffter managed the Sri Lankan cricket teams that toured England in 1991 and 2002. His company Janashakthi sponsored Test cricket in Sri Lanka, employed a number of prominent cricketers, and financed and published the first history of Sri Lankan cricket, The Janashakthi Book of Sri Lanka Cricket, 1832–1996 by South. South. Perera.
He began work in the insurance business in 1952 as a clerk with the Ceylon Insurance Company. He later joined Manufacturers Life Insurance Company
Limited, and then Carsons Cumberbatch, where he became manager of the insurance department.
He returned to Sri Lanka in the 1980s and continued to work in insurance. He was instrumental in persuading the national government to allow private insurance companies to operate again. In 1994 he singlehandedly set up the Janashakthi insurance company.
In 2001 and 2002 Janashakthi bought out the National Insurance Corporation.
He worked to improve road safety in Colombo, and after the 2004 tsunami he championed the highest payout of any insurer in Sri Lanka, beyond the payment of sums assured, considerably in excess of the company"s liabilities. Janashakthi handled many things other companies would not cover at the time, such as insurance against terrorism and insurance against Acquired Immune Deficiency Syndrome.
