UNION ASSURANCE | LMD

Circle of Excellence Relaunches with Greater & Higher Rewards

Union Assurance Circle of Excellence, essentially the most unique Bancassurance rewards scheme within the Sri Lankan Insurance coverage {industry}, has been relaunched with an even bigger and higher rewards scheme to recognise the corporate’s high-performing Insurance coverage Relationship Officers (IROs), Regional Managers, and Zonal Managers.

Commenting on the relaunch, Vindya Cooray, the Chief Bancassurance Officer of Union Assurance, acknowledged, “Being the Largest Bancassurance Supplier within the nation, we imagine that our employees is our greatest asset. The Circle of Excellence was relaunched as we try to proceed benchmarking our premier rewards and recognition scheme with that of worldwide requirements. We need to reward our invaluable employees who present superior customer support with larger and higher rewards for his or her exhausting work and dedication.”

The Union Assurance Circle of Excellence affords a wide selection of monetary, way of life, recognition, ability improvement, and membership rewards. Amongst the array of advantages provided features a luxurious automobile, overseas excursions, important money rewards, alternatives for profession development via unique coaching and improvement programmes, and customised Circle of Excellence merchandise.

Whereas rewarding excessive performers, this programme additionally intends to develop a customer-centric and enthusiastic workforce able to recognising superior buyer want assessments and repair supply to counterpoint the buying and consumer expertise of shoppers.

Furthermore, the Union Assurance Circle of Excellence acted as an incentive to the Insurance coverage Relationship Officers to attain a record-breaking efficiency in 2021, helping the Firm to attain industry-leading standing by recording 300 Million Greenback Spherical Desk (MDRT) qualifiers.

With many accolades below its belt, the Bancassurance channel of Union Assurance has grown through the years to develop into the primary Bancassurance supplier within the nation, protecting over 360 financial institution branches of six main financial institution companions.

Union Assurance is part of the John Keells Group, considered one of Sri Lanka’s largest listed conglomerates. It’s among the many most awarded Insurance coverage firms in Sri Lanka, finishing over three a long time of success with a market capitalisation of Rs. 15.9 Bn, a Life Fund of Rs. 47.5 Bn and a Capital Adequacy Ratio (CAR) of 250% as of September 2021. Set to empower the Sri Lankan Dream, Union Assurance affords Life Insurance coverage options that cowl training, well being, funding, safety, and retirement wants of Sri Lankans. With an island-wide department community and an over 3,000-strong workforce, Union Assurance continues to spend money on individuals, merchandise, and processes with a customer-centric focus to be aware of rising adjustments within the Life Insurance coverage {industry}.