03rd March 2024: AIA Insurance, Sri Lanka’s leading life insurer, proudly marks the first anniversary of its exclusive bancassurance partnership with Commercial Bank, the country’s largest and most prestigious private bank. Driven by a joint mission of “Protecting Sri Lankans Like Never Before,” this collaboration has rapidly delivered on its promise, achieving transformative outcomes for Sri Lankans. In less than a year since inception, the partnership has achieved remarkable results, underscoring its profound impact on the Sri Lankan community.
The partnership was able to secure over Rs. 1.2 billion in Annualized New Premium (ANP) in less than one year of operations, demonstrating unparalleled trust from customers. More than 3,000 individuals and families have been protected, ensuring their financial security and peace of mind. Furthermore, the partnership has maintained an active portfolio exceeding Rs. 32 billion in life covers, underscoring its dedication to safeguarding lives.
Speaking on this extraordinary achievement, Chathuri Munaweera, Director/CEO of AIA Sri Lanka, stated: “This partnership is more than just a collaboration; it is a commitment to delivering life-transforming financial solutions to the people of Sri Lanka. Our shared vision with Commercial Bank has enabled us to achieve unprecedented success, and I am immensely proud of what we have accomplished in such a short time. Together, we are redefining the future of financial protection in Sri Lanka, and we remain committed to making an even greater impact in the years ahead.”
Adding to this, Sanath Manatunge, Managing Director/CEO of Commercial Bank, commented:
“Our partnership with AIA Insurance represents a union of strength, trust, and shared purpose. At Commercial Bank, we believe in providing our customers with the best financial solutions, and this collaboration has taken that commitment to new heights. Achieving such significant milestones within just a year speaks volumes about the effectiveness of this partnership. We look forward to building on this momentum and continuing our company legacies of over 100 years, while serving our customers with excellence.”
The partnership has been a cornerstone of innovative, customer-centric solutions, providing Sri Lankans with financial security and peace of mind. As both organizations look ahead to the future, they remain dedicated to strengthening their collaboration and delivering on their promise to protect and empower communities across the nation.
