ABOVE AND BEYOND | LMD

Union Assurance Celebrates Spectacular Yr with Industrial Financial institution Partnership

With a steadfast and becoming theme, ‘Above and Past,’ Union Assurance lately hosted the annual awards evening 2022 for the Industrial Financial institution Bancassurance Channel. The occasion celebrated a spectacular record-breaking yr for the partnership that has grown constantly during the last 12 years. Attended by dignitaries of each organisations, the occasion rewarded the top-performing areas, branches, and employees members of Industrial Financial institution.

‘Above and Past’ reiterated the robust bond between Union Assurance, the main Bancassurer in Sri Lanka, and Industrial Financial institution, the most important non-public financial institution within the nation. The ceremony was graced by the CEO of Union Assurance Jude Gomes, Managing Director/CEO of Industrial Financial institution Sanath Manatunge, Deputy CEO of Union Assurance Senath Jayatilake, and Deputy Normal Supervisor – Private Banking, Industrial Financial institution, Delakshan Hettiarachchi together with Govt Committee members of each organisations.

The CEO of Union Assurance Jude Gomes expressed delight over the record-breaking success of the partnership. He famous that this long-standing partnership will likely be a pillar to drive Insurance coverage penetration in Sri Lanka, slender the safety hole while empowering the Sri Lankan dream. “As Sri Lanka’s largest Bancassurance supplier, we have now surpassed Rs.1 billion in new enterprise premium for 2 consecutive years, and Industrial Financial institution has been an integral a part of our success story,” he added.

Mr. Gomes congratulated the Industrial Financial institution staff for his or her distinctive efficiency and the awards ceremony recognised their exhausting work and dedication. “Our partnership has vitalised Bancassurance in Sri Lanka, supporting our endeavour in offering customised options to the Financial institution’s purchasers as a one-stop store,’ he asserted.

The Managing Director/CEO of Industrial Financial institution Sanath Manatunge, praised the award winners within the Bancassurance Channel. “Their achievements additional strengthen a decade-long partnership, which has grown exponentially through the years,” he stated. He additionally famous that their clients profit from the broad vary of options within the portfolio. “Our partnership has thrived within the digital area, which supplies a seamless buyer expertise,” he added.

The Deputy CEO of Union Assurance Senath Jayatilake, applauded the excessive performers for his or her professionalism and dedication. He stated they proved their mettle regardless of working in a difficult atmosphere. “Their achievements present that service excellence is the important thing driver to ship distinctive outcomes,” he added.

The Deputy Normal Supervisor – Private Banking, Industrial Financial institution, Delakshan Hettiarachchi, stated the Bancassurance Channel’s efficiency was noteworthy. “They preserve reaching greater and better, and within the course of are creating better curiosity for Life Insurance coverage in Sri Lanka,” he emphasised.

On the ‘Above and Past’ awards evening, the Vavuniya Department gained the highest accolade – Department Champion of the Yr 2022. The primary runner-up was the Nelliady Department whereas the second runner-up was the Wellawatte Department. The Regional Champion of the Yr 2022 was the Northern Area. The primary runner-up was the Colombo North Area whereas the second runner-up was the Uva Sabaragamuwa Area.

Union Assurance is a subsidiary of the John Keells Group, one among Sri Lanka’s largest listed conglomerates. The Firm has accomplished over three many years of success with a Market Capitalisation of Rs. 16.4 Bn, and a Life Fund of Rs. 54.9 Bn as of December 2022. Set to empower the Sri Lankan Dream, Union Assurance affords Life Insurance coverage options that cowl schooling, well being, funding, safety, and retirement wants of Sri Lankans. With an island-wide department community and an over 4,000-strong workforce, Union Assurance continues to spend money on individuals, merchandise, and processes with a customer-centric focus to be conscious of rising modifications within the Life Insurance coverage trade.