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Amana Takaful and Seylan Bank PLC forge bancassurance alliance

In a significant move to reshape the landscape of insurance accessibility in Sri Lanka, Amana Takaful General PLC, one of the nation’s fastest-growing insurance providers, has entered into a strategic bancassurance agreement with Seylan Bank PLC, a trusted name among Sri Lankan banks.

The partnership marks a milestone in customer-centric innovation, allowing Seylan Bank customers island-wide to seamlessly access a diverse suite of Amana Takaful General’s insurance solutions—ranging from motor and health to fire and property—through the Bank’s extensive branch network. Backed by expert advisory support, this alliance is set to deliver greater convenience, choice, and confidence to customers at every touchpoint.

The official signing of the Memorandum of Understanding (MOU) took place at Seylan Bank Towers in Colombo on April 10th, 2025, in the presence of senior leadership from both institutions.

Mr. Siva Karthigun, Chief Executive Officer of Amana Takaful General PLC, commented “This partnership with Seylan Bank PLC is a key step in expanding our footprint and fulfilling our commitment to deliver insurance solutions to all Sri Lankans. Through Seylan’s trusted platform, we can now reach customers more effectively and efficiently.”

Mr. Eugene Seneviratne, Deputy General Manager – Retail Banking at Seylan Bank PLC, added: “At Seylan Bank, we constantly strive to enhance the financial well-being of our customers by offering value-added services under one roof. This partnership with Amana Takaful General allows us to further strengthen our bancassurance offering with innovative insurance solutions that meet the diverse protection needs of our customers across the island.”

This game-changing collaboration reaffirms both organizations’ dedication to financial empowerment, innovation, and expanding access to meaningful protection for every Sri Lankan.

Source: Lanka Business Online

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