LOLC General and LOLC Life enter into strategic partnership with Cargills Bank – Business News

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From left to right : LOLC Insurance Senior Chief Strategy Manager Ushan Goonawardane, LOLC Life Assurance Consultant Bancassurance Rupika Nawarathne, LOLC General Insurance CEO Kithsiri Gunawardena, LOLC Life Assurance CEO Nadika Opatha, Cargills Bank AGM Retail and SME Business Lasantha Mahendrarajah, Cargills Bank Senior Manager Inbound Remittances and insurance operations Kithmini Kumaranayake and Cargills Bank Junior Executive Remittances in and insurance operations Chithma Samaraweera

LOLC General Insurance PLC and LOLC Life Assurance Ltd, two of Sri Lanka’s most successful and fastest growing insurers, have recently entered into a strategic partnership agreement with Cargills Bank, the banking arm of the Cargills Group.

The partnership aims to strengthen the portfolio of both entities by offering a wider clientele a range of best-in-class insurance solutions including protection and investment while further assisting with the best insurance advice. Thanks to this strategic merger, Cargills Bank customers will have the opportunity to discover the products and services offered by LOLC General Insurance PLC and LOLC Life Assurance Ltd.

The official signing ceremony for the agreement took place at the head office of Cargills Bank. The event was organized with the participation of the official signatories of each entity: Kithsiri Gunawardena, CEO of LOLC General Insurance, Nadika Opatha, CEO of LOLC Life Assurance, and Lasantha Mahendrarajah of the AGM of Cargills Bank Retail and SME Business. The ceremony was also attended by other officials from LOLC Insurance and Cargills Bank.

Jointly commenting on the significant combination, Gunawardena and Opatha said, “With the launch of this partnership, LOLC General Insurance PLC and LOLC Life Assurance Ltd will be able to leverage the strong presence and reach of the Cargills Bank brand. We are confident that this partnership will reach greater heights as insurance companies Cargills Bank and LOLC share a strong commitment to creating customer value and exceptional service. We are truly excited to embark on this journey with one of the oldest conglomerates in the country.

Mahendrarajah also commented, “Cargills Bank is always committed to exploring opportunities to create convenience and value for our customers. We are very excited about this strategic partnership and look forward to creating a new milestone in the industry. »


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