Union Assurance PLC and Nations Trust Bank PLC (NTB) have renewed their long-standing exclusive bancassurance partnership, further strengthening an alliance that has played a pivotal role in expanding access to financial protection solutions for customers across the country.
The renewed partnership reflects the shared commitment of both organisations to delivering holistic financial solutions that seamlessly combine banking convenience with Life Insurance protection. Through this collaboration, customers will continue to have convenient access to solutions designed to help safeguard their financial futures while supporting their evolving aspirations and life goals.
Over the years, the partnership has evolved into one of Sri Lanka’s leading bancassurance collaborations, underpinned by a strong focus on customer centricity, innovation, and service excellence. By combining NTB’s branch network, growing digital banking ecosystem and customer reach with Union Assurance’s expertise in Life Insurance, the partnership has enabled thousands of customers to access comprehensive protection, savings, and investment solutions tailored to their individual needs.
The renewal marks a significant milestone in the relationship between the two organisations and sets the foundation for the next phase of growth. Together, Union Assurance and Nations Trust Bank will continue to enhance the customer experience through digital innovation, strengthened advisory capabilities, and customer-focused solutions that respond to the changing financial and protection needs of Sri Lankans.
Commenting on the partnership renewal Hemantha Gunetilleke, Director and Chief Executive Officer at Nations Trust Bank, said, “The renewal of our partnership with Union Assurance reinforces our commitment to providing customers with comprehensive financial solutions through a trusted Life Insurance partner. As customer expectations continue to evolve, the need for integrated banking and protection offerings has become increasingly important. Together with Union Assurance, we look forward to further enhancing our bancassurance proposition and delivering greater value through innovative, customer-centric solutions.”
Senath Jayatilake, Director and Chief Executive Officer of Union Assurance, said, “Our partnership with Nations Trust Bank has been built on a shared vision of creating meaningful value for customers through seamless access to financial protection solutions. Over the years, this collaboration has consistently delivered strong outcomes by combining the strength of two trusted institutions. As we renew this partnership, we remain committed to driving innovation, expanding accessibility, and helping more Sri Lankans protect what matters most while progressing confidently towards their future goals.”
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