Over Rs. 1.2 bn. annualized new premium in less than a year

The bankassurance partnership between AIA Insurance and the Commercial Bank marked its first anniversary securing over Rs. 1.2 billion Annualized New Premium (ANP) in its first year of operations which AIA claimed was “a remarkable high”..

“The partnership was able to secure over Rs. 1.2 billion in Annualized New Premium (ANP) in less than one year of operations, demonstrating unparalleled trust from customers,” an AIA news release said. “More than 3,000 individuals and families have been protected, ensuring their financial security and peace of mind. Furthermore, the partnership has maintained an active portfolio exceeding Rs. 32 billion in life covers, underscoring its dedication to safeguarding lives.”

Speaking on this extraordinary achievement, Chathuri Munaweera, Director/CEO of AIA Sri Lanka, stated: “This partnership is more than just a collaboration; it is a commitment to delivering life-transforming financial solutions to the people of Sri Lanka. Our shared vision with Commercial Bank has enabled us to achieve unprecedented success, and I am immensely proud of what we have accomplished in such a short time. Together, we are redefining the future of financial protection in Sri Lanka, and we remain committed to making an even greater impact in the years ahead.”

Adding to this, Sanath Manatunge, Managing Director/CEO of Commercial Bank, commented:

“Our partnership with AIA Insurance represents a union of strength, trust, and shared purpose. At Commercial Bank, we believe in providing our customers with the best financial solutions, and this collaboration has taken that commitment to new heights. Achieving such significant milestones within just a year speaks volumes about the effectiveness of this partnership. We look forward to building on this momentum and continuing our company legacies of over 100 years, while serving our customers with excellence.”

“The partnership has been a cornerstone of innovative, customer-centric solutions, providing Sri Lankans with financial security and peace of mind. As both organizations look ahead to the future, they remain dedicated to strengthening their collaboration and delivering on their promise to protect and empower communities across the nation,” the release concluded.