Union Assurance offers group life insurance solutions to Nations Trust Bank

Union Assurance CEO Jude Gomes presenting the new group life cover to Nations Trust Bank Director/CEO Priyantha Talwatte in the presence of the management teams of Nations Trust Bank and Union Assurance

Union Assurance PLC has partnered with Nations Trust Bank PLC to provide a comprehensive group life insurance solution to Nations Max Bonus savings account holders. The solution comes with many value-added benefits to the account holder.

The group life insurance solution from Union Assurance provides comprehensive life insurance protection to Nations Max Bonus account holders which is tailor-made to suit the requirements of the account-holders.

Union Assurance Chief Executive Officer Jude Gomes stated: “As a pioneer in the life insurance industry, we constantly redefine our products and services to meet evolving customer needs. This partnership with Nations Trust Bank will help us expand our reach and will make a positive impact in the lives of a wider group of individuals, which will be beneficial for both organisations.”

Union Assurance and Nations Trust Bank have held a strong partnership since 2008. Strengthening this partnership further, Nations Trust Bank and Union Assurance continue to establish new avenues to reach out to meet the demands and provide holistic financial solutions to more customer segments.  

Union Assurance is a pioneer life insurance provider in Sri Lanka, completing over three decades of success with a market capitalisation of Rs. 18 b, a Life Fund of Rs. 38 b and a Capital Adequacy Ratio (CAR) of 455% as at July 2020. 

Set to empower the Sri Lankan Dream, Union Assurance offers life insurance solutions that cover education, health, retirement, and investment needs of Sri Lankans. With 76 branches and an over 3000-strong workforce, Union Assurance continues to invest in people, products, and processes to remain agile and responsive to emerging changes in the life insurance industry.