Union Assurance announces partnership with GMOA

Monday, 31 August 2020 00:00 - - {{hitsCtrl.values.hits}}

A MoU was signed between GMOA President Dr. Anuruddha Padeniya and Union Assurance Chief Executive Officer Jude Gomes in the presence of the officials of GMOA and the management of Union Assurance

Colombo Union Assurance, a John Keells company ventured into an exclusive partnership with the Government Medical Officers Association (GMOA). The partnership introduced ‘Suwa Abhiman’ – an exclusive Life Insurance cover for the distinguished members of the GMOA.

The Memorandum of Understanding (MoU) was signed between GMOA President Dr. Anuruddha Padeniya and Union Assurance Chief Executive Officer Jude Gomes, in the presence of GMOA members and the senior management of Union Assurance on 20 August at the OPA Auditorium.

According to Union Assurance, the new partnership with the GMOA establishes a robust platform of product offerings that are tailor-made for its members offering flexibility and customisation to protect individual priorities in Protection, Education, Health and Investment.

“In addition to expanding our reach through strategic alliances, the GMOA brings a lot of value to the growing partnerships and scale of our operation. We are very pleased to welcome the GMOA to this partnership, where we have the opportunity to cater to the evolving needs of its members and provide quality coverage to suit their lifestyles through insurance solutions,” stated Jude Gomes.

Union Assurance continues to develop partnerships with leading professional bodies, representing diverse sectors that enable wider awareness on the concept of protection. The objective of these efforts is to demonstrate to the wider Sri Lankan public, the benefits of insurance, through the example of individuals in prominent careers enjoying the security that an insurance policy provides.

Established in 1926, the Government Medical Officers’ Association has provided central support for the improvement and welfare of its members for over 90+ years.

Union Assurance is one of the most awarded Life Insurance companies in Sri Lanka, completing over three decades of success with a market capitalisation of Rs. 18 billion, a Life Fund of Rs. 38 billion and a Capital Adequacy Ratio (CAR) of 405% as at June 2020. Set to empower the Sri Lankan Dream, Union Assurance offers Life Insurance solutions that cover education, health, investment, protection and retirement 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.