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HNB General Insurance and Union Bank Forge Strategic Bancassurance Partnership

HNB General Insurance (HNBGI) has joined hands with Union Bank through a strategic bancassurance agreement, marking a significant milestone in expanding access to innovative insurance solutions. The partnership will enable Union Bank customers to conveniently obtain HNBGI’s comprehensive range of general insurance products, including both motor and non-motor insurance solutions, through the bank’s extensive network.

The agreement was formally signed at Union Bank’s Head Office, with HNB General Insurance CEO, Sithumina Jayasundara, and Union Bank Director/CEO, Dilshan Rodrigo, representing their respective institutions. Also in attendance were senior officials from HNB General Insurance, along with Kasun De Silva – Head of Deposit Mobilization / Assistant VP, Chaya Jayawardena – SVP Retail Banking, and Dasun Siriwardena – Head of Bancassurance from Union Bank.

Speaking on the occasion, HNB General Insurance CEO, Sithumina Jayasundara, stated: “We are delighted to partner with Union Bank to extend our comprehensive insurance solutions to a wider customer base. This collaboration is a testament to our commitment to providing greater convenience, financial security, and value to customers through innovative bancassurance solutions.”

Union Bank Director/CEO, Dilshan Rodrigo, commented: “This partnership aligns with Union Bank’s ongoing efforts to enhance our service offerings and provide customers with seamless access to essential financial solutions. By working with HNB General Insurance, we are ensuring that our customers benefit from high-quality, tailor-made insurance coverage that meets their diverse needs.”

Through this partnership, Union Bank’s clientele, including account holders, corporate clients, and new customers seeking financial solutions, will have access to a range of affordable and comprehensive general insurance products. The collaboration reinforces both institutions’ shared vision of advancing financial inclusivity, customer convenience, and service excellence in Sri Lanka’s insurance and banking industries.

HNB General Insurance is a dedicated partner, addressing a diverse range of insurance needs from motor to non-motor and Takaful solutions for individuals and commercial entities across Sri Lanka. As a subsidiary of HNB Assurance PLC and a member of the HNB Group, HNB General Insurance operates through an extensive network of branches, ensuring comprehensive service coverage throughout the island. Backed by an Insurer Financial Strength Rating of ‘A (lka)’ by Fitch Ratings Lanka Limited, HNB General Insurance is committed to creating sustainable value for stakeholders through innovation and care.

Source: Adaderana Biz English

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