Seylan Credit Cards and Union Assurance partner

 From left: Seylan Bank Manager – Cards Marketing Roshan Rajapaksha, Head of Cards Ruchith Liyanage, Deputy General Manager Retail Banking Eugene Seneviratne, Union Assurance Chief Marketing Officer Mahen Gunarathna, Head of Bancassurance Wishanth Wijesinha, and Vice President – Finance Ruwan Rodrigo

• Initiative to offer hassle-free life insurance payment options

Seylan Credit Cards has announced a strategic partnership with Union Assurance to provide an innovative and convenient Easy Payment Plan for the latter’s life policies.

It said the move relieves customers of the burden of lump-sum payments and provides greater flexibility in managing their finances.

Seylan Credit Cardholders can take advantage of a 0% Interest Instalment Plan for their Life Insurance Policies from Union Assurance extending over a 12-month period. This unique offering empowers individuals to safeguard their future without facing immediate financial strain. Union Assurance offers a comprehensive range of Life Insurance solutions, addressing health, investment, protection, retirement, and education needs of Sri Lankans.

Seylan Bank Deputy General Manager of Retail Banking Eugene Seneviratne said: “We are elated to join hands with Union Assurance to offer our valued Seylan Credit Cardholders a hassle-free way to secure their life insurance payments. With this Easy Payment Plan, we are committed to making life insurance more accessible and manageable for our customers.”

Union Assurance Chief Marketing Officer Mahen Gunarathna said: “We are happy to announce our partnership with Seylan Bank to introduce Easy Payment Plans for Bank cardholders. At Union Assurance, we understand that everyone is facing challenging times, and through this collaboration, we aim to provide a practical solution that allows individuals and families to safeguard their future and stay financially protected without undue stress. We believe in standing together with our community, and this partnership reaffirms our dedication to enriching financial well-being for all.”

The transaction limits to convert Insurance Payments into an Easy Payment Plan such conversions are set at a minimum of Rs. 10,000 and a maximum of Rs. 1 million. This offer is valid until 31 December.