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Wednesday Jul 03, 2024
Wednesday, 5 February 2014 00:01 - - {{hitsCtrl.values.hits}}
Standard Chartered Bank and AIA Insurance in Sri Lanka signed a new exclusive long-term bancassurance partnership, bringing the bank’s customers a wider range of needs-based insurance solutions that are the hallmark of AIA’s product offerings across Asia.
The two financial services giants are sponsors of leading English Premier League football clubs Liverpool and Tottenham Hotspur. So it was fitting that they sealed their new partnership agreement by swapping jerseys, a long held tradition in football after important and prestigious matches.
SCB is one of the world’s most international banks with a presence in 70 markets across the globe. As Asia’s leading life insurer, AIA serves holders of over 27 million life policies across the Asia Pacific region and is the 4th largest listed insurer worldwide by market capitalisation (as at 20th September 2013).
AIA Sri Lanka Chief Executive Officer Shah Rouf commented: “We have had a close relationship with Standard Chartered Bank for some time and this move to a sole insurance provider agreement is a significant strengthening of that partnership, adding greater value to the lives of the bank’s customers through our protection focused life insurance and long term savings solutions. It also consolidates AIA’s position as the pioneering and leading practitioner of bancassurance in Sri Lanka.”
“As a leading retail bank, our customers naturally rely on us to deliver world class products and services. By partnering with AIA, we will be able to offer our customers comprehensive life insurance solutions to meet their varying needs now and in the future. . We are excited by the opportunities that this new partnership agreement offers and look forward to working even more closely with AIA,” said Standard Chartered Bank Head of Consumer Banking Sanjay Wijemanne.
