Allianz Life Lanka Forges Partnership with Cargills Bank

(LANKAPUVATH | COLOMBO) – Allianz Life Insurance Lanka Ltd, a member of the global insurance giant Allianz SE, recently inked a landmark partnership with Cargills Bank, the banking arm of the Cargills Group, one of Sri Lanka’s oldest and largest diversified conglomerates. Through this partnership, Allianz Life Insurance Lanka Ltd will provide Cargills Bank customers with convenient and comprehensive Decreasing Term Insurance (DTA) solutions. The partnership was formally entered into recently at a special ceremony held at the Cargills Bank Head office premises to mark the occasion. Senior officials from both organizations were present at the event, with Jayalal Hewawasam, CEO signing on behalf of Allianz Life Insurance Lanka Ltd, while  Lasantha Mahendrarajah, AGM Retail and SME signed on behalf of Cargills Bank.

Discussing the new partnership, Jayalal Hewawasam, CEO at Allianz Life Insurance Lanka Ltd said, “As a stakeholder of increasing importance and influence in Sri Lanka’s insurance industry, we are constantly looking to forge new partnerships and alliances, to unlock synergies and opportunities together with our partners, where we can mutually benefit, and most importantly, provide increased value to our collective customers. As a member of a global insurance giant, we are in a position to provide exceptional value, convenience and service, coupled with some of the best policy arrangements in the industry. Thus, we are pleased to enter into this partnership with one of Sri Lanka’s most progressive banks, as we work together to deliver exceptional financial services to all Sri Lankans.”

The key insurance products that Allianz Life Insurance Lanka Ltd will initially offer in partnership with Cargills Bank include Decreasing Term Insurance, which is a form of insurance where the potential pay out decreases periodically until the end of the term of the policy, and Loan Protection Policies, which help to reduce the burden on loved …read more

Source:: Lanka Puvath English