LOLC General Insurance PLC and LOLC Life Assurance Ltd, two of Sri Lanka’s finest and fastest growing insurers, recently entered into a strategic partnership agreement with Cargills Bank, the banking arm of the Cargills Group.
The partnership focuses on strengthening both entities portfolio through offering a wider customer base, a range of best-in-class Insurance solutions comprising of protection and investment while helping further with the best Insurance advice.
As a result of this strategic tie-up, Cargills Bank customers will have the opportunity to experience the products and services offered by both LOLC General Insurance PLC and LOLC Life Assurance Ltd.
The official agreement signing ceremony was held at the Cargills Bank Head Office. The event was conducted with the participation of the official signatories from each entity; Kithsiri Gunawardena, CEO of LOLC General Insurance, Nadika Opatha, CEO of LOLC Life Assurance and Lasantha Mahendrarajah, AGM – Retail & SME Business, Cargills Bank. The ceremony was also attended by other officials from LOLC Insurance and Cargills Bank.
LOLC General Insurance CEO Kithsiri Gunawardena together with Nadika Opatha, CEO of LOLC Life Assurance stated, “With the launch of this partnership, LOLC General Insurance PLC and LOLC Life Assurance Ltd will be able to leverage on the strong brand presence and reach of Cargills Bank. We are confident that this partnership will reach greater heights since both Cargills Bank and LOLC Insurance companies share a strong commitment for customer value creation and exceptional service. We are truly excited to embark on this journey with one of the oldest conglomerates in the country”
Cargills Bank AGM Retail and SME Business Lasantha Mahendrarajah commented; “Cargills Bank is always committed to exploring thepossibilities of creating convenience and value to our customers. We are highly excited with the strategic partnership and looking forward to create a new milestone in the industry.”
The dynamism which LOLC General and Life brings in to the industry is the correct blend of flexible customer service and customized product solutions, in reaching different market segments comprehensively.
Both the companies are fully owned subsidiaries of the LOLC Group, which is one of Sri Lanka’s largest and most diversified conglomerates with operations in twenty countries including Asia, Middle East and Africa.
With a vision to be Sri Lanka’s most inclusive bank driven by digital enablement, Cargills Bank is rated A+(lka) by Fitch Ratings Lanka and is the financial services arm of the Cargills Group, providing a full range of banking and financial services.