HNB Assurance signs MoU with State Mortgage and Investment Bank

Tuesday, 29 October 2024 01:25 - - {{hitsCtrl.values.hits}}

HNBA CEO Lasitha Wimalaratne (third from left) and SMIB CEO Thushara Asuramanna exchange the MoU signed between the two organisations

HNB Assurance (HNBA) has signed a Memorandum of Understanding (MoU) with the State Mortgage and Investment Bank (SMIB), marking the beginning of a strategic partnership aimed at offering financial security solutions for their customers.

This collaboration will help deliver tailored products that meet the needs of the SMIB’s borrowing customers as well as providing them with comprehensive life insurance coverage.

HNBA CEO Lasitha Wimalaratne said: “We are thrilled to team up with the SMIB to offer integrated financial solutions that prioritise the wellbeing of their customers. This MoU is yet another step towards our vision of creating a more secure financial future for individuals and their families through the formation of a partnership. We believe that by working together, we can make insurance more accessible and relevant to all.”

SMIB CEO Thushara Asuramanna said: “Our partnership with HNBA is crucial as we strive to enhance our product portfolio and offer the best possible solutions to our customers. I certainly believe, through partnerships such as this, we can provide our customers with a more comprehensive financial service while ensuring they have the protection they seek. As we partner HNBA, I am certain that together, we can deliver exceptional value and a great service to our customers, enabling them financial stability and peace of mind.”

Through this partnership, HNBA will work closely with the SMIB to integrate insurance solutions into their product offerings, ensuring that customers have access to financial protection that aligns with their needs. This collaboration will mainly facilitate Decreasing Term Assurance (DTA) while also focusing on creating a seamless experience for customers seeking financial security in various aspects of their lives.

HNBA Chief Business Officer – Partnerships Sanesh Fernando said: “This partnership is yet another example of our commitment to widening our reach and delivering significant benefits to all stakeholders involved. At HNBA, we have a proven track record, being recognised as the ‘Best Life Bancassurance Provider’ for four consecutive years by the Global Banking and Finance Review. Similar to our other partnerships, our goal is to create a hassle-free experience that empowers customers to safeguard their financial futures. My sincere thanks to the management of the SMIB and all the teams from HNBA involved for their support in bringing this partnership to life.”