Commercial Bank and Ceylinco Insurance form partnership for Bancassurance

Thursday, 29 March 2012 00:00 - - {{hitsCtrl.values.hits}}

Commercial Bank has entered into an agreement with Ceylinco Insurance PLC to offer the latter’s General and Life insurance products through the Bank’s islandwide network of branches.

The agreement strengthens Commercial Bank’s commitment to offer a wide choice in Bancassurance to existing and potential customers, through partnerships with the country’s leading insurance providers, the bank said.

The bank’s extensive network of 214 service points enhances the convenience of purchasing insurance products of Ceylinco Insurance as well as making premium payments.

Ceylinco Insurance offers general insurance products pertaining to motor insurance via ‘Ceylinco VIP on the spot’, Medical Insurance via ‘Ceylinco Suwa Sampatha’ and fire insurance, marine insurance, personal insurance, engineering and title insurance.

Ceylinco Life, the country’s life insurance market leader for the past eight years, offers a wide portfolio of life insurance, critical illness medical cover and retirement planning products.

Commercial Bank is the largest private bank in Sri Lanka, and the only Sri Lankan Bank listed in the world’s Top 1,000 Banks. It operates a network of 214 service points in Sri Lanka and the country’s single largest network of 502 ATMs. The Bank has been adjudged ‘Best Bank in Sri Lanka’ for 13 consecutive years by ‘Global Finance’ Magazine and has won multiple awards as the country’s best bank from ‘The Banker,’ ‘FinanceAsia,’ ‘Euromoney’ and ‘Trade Finance’ magazines.