LOLC Life Assurance in strategic MOU with SMIB
View(s):LOLC Life Assurance, a fully owned subsidiary of LOLC Holdings, has entered into a partnership with the State Mortgage and Investment Bank (SMIB), one of the longest standing banks in Sri Lanka, to offer life endowment insurance solutions through its bancassurance channel.
With ownership of the most extensive bancassurance channel in Sri Lanka’s insurance industry, LOLC Life Assurance aims to provide SMIB customers across Colombo and its suburbs with innovative life endowment insurance solutions that seamlessly integrate with comprehensive protection, ensuring that SMIB customers have seamless access to high-quality life insurance solutions, the company said in a media release.
Sharing his views on this partnership, Jayantha Kalinga, COO of LOLC Life Assurance, stated, “This partnership with SMIB signifies our ongoing commitment to expanding accessibility to comprehensive life insurance solutions through strategic banking collaborations. We are excited to work closely with SMIB to offer tailored protection plans that enrich the lives of their customers with security and financial peace of mind.”
Thushara Asuramanna, CEO/General Manager of SMIB, also shared his thoughts, saying, “At SMIB, our goal is to enhance the value we provide to our customers through integrated financial solutions. Partnering with LOLC Life Assurance enables us to expand our offerings and provide customers with convenient access to trusted life insurance solutions that ensure their long-term financial security.”
Through this collaboration, both institutions aim to make a lasting positive impact on their customers’ financial well-being and life protection. By offering reliable, accessible, and trusted life insurance protection, LOLC is committed to meeting the evolving needs of SMIB’s customers in today’s dynamic financial landscape, reinforcing the company’s shared vision for a secure and prosperous future.
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