Pan Asia Bank partners with Sri Lanka Insurance

Wednesday, 3 June 2015 00:00 - - {{hitsCtrl.values.hits}}

Tie up to offer insurance solutions for public sector pensioners

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Pan Asia Bank CEO Dimantha Seneviratne exchanging the MOU with Sri Lanka Insurance Managing Director T.M.R. Bangsa Jayah, Sri Lanka Insurance CEO Deepthi Lokuarachchi and Regional Sales Manager Special Projects Pushpakumara Kiriellage

In a bid to provide their customers a better and a broader service, Pan Asia bank recently joined hands with Sri Lanka Insurance Corporation, to provide loan protection insurance policies for one of the bank’s flagship loan products.

Pan Asia Bank offers ‘Sammana’ loan scheme to government pensioners, retired members of armed forces and retired bankers where loans can be repaid until the applicant reaches 70 years of age.

Under the new insurance value addition, customers of these loan schemes will be offered loan protection policies at comparatively low premiums so that in an event of a customer’s demise prior to full settlement of the loan, his/her closest family members will be relieved of the loan liability.