Sampath Bank, Union assurance partner to offer integrated financial and insurance solutions

Sampath Bank has partnered with Union Assurance to offer integrated financial and life insurance solutions to its customers, said a release. It said that the agreement, signed on Thursday (30) would integrate Union Assurance’s life insurance products into Sampath Bank’s portfolio, providing customers with comprehensive banking and insurance services. The collaboration will leverage

Sampath Bank’s branch network and digital platforms to ensure easy access to these offerings. Both institutions, with nearly four decades of experience in Sri Lanka’s financial sector, aim to enhance customer financial security and well-being through this partnership.

Sampath Bank’s Managing Director, Ayodhya Iddawela Perera, stated that the partnership with Union Assurance represents a significant step in Sri Lanka’s financial services sector. By integrating Union Assurance’s life insurance solutions into Sampath Bank’s offerings, the collaboration aims to provide customers with enhanced convenience, security, and access to comprehensive financial and protection solutions. Perera emphasized the shared commitment to excellence and customer-focused innovation, enabling both institutions to better address the evolving needs of Sri Lankans.

Union Assurance’s CEO, Senath Jayatilake, expressed enthusiasm about the bancassurance partnership with Sampath Bank, calling it a natural alignment of shared values focused on customer-centric solutions. He highlighted the commitment to leveraging expertise, resources, and advanced technology to deliver tailored life insurance solutions. The partnership aims to provide Sampath Bank’s customers with a comprehensive, one-stop approach to financial planning.