Allianz partners NTB for Bancassurance

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Allianz Lanka (AL) has announced a landmark partnership with Nations Trust Bank (NTB) for Bancassurance, as the bank’s Preferred Partner for general insurance. A synergistic opportunity for AL to expand its reach, and NTB to add value to its offering, the new partnership is expected to help both partners win together, during the 3-year partnership journey, while potentially being one of  the largest Bancassurance partnerships in Sri Lanka. Through this partnership, AL will be able to offer NTB customers, number of motor and non-motor insurance solutions. Customers will enjoy special premium rates, along with a host of other exclusive benefits and privileges as a result of this new partnership.

Commenting on the initiative, Gany Subramaniam, CEO, Allianz Insurance Lanka Ltd said, “We are very pleased to join hands with NTB as their preferred partner for Bancassurance. Our values and goals are in alignment, as we seek to create a more digitally enabled, seamless and convenient customer experience while adding value wherever we can. Furthermore, by pooling our resources and working together, both our organisations will be able to create exceptional value for our stakeholders. We look forward to working together and making insurance more convenient and accessible than ever before.”

The policies offered will provide comprehensive cover for vehicles, along with a number of special benefits, including a free personal accident cover worth LKR 5 million, in addition to the standard benefits, such as free flood and natural perils covers, and free leasing/hire purchase agreements, air bag covers and free taxi reimbursements. Other benefits include cover for emergency medical expenses, windscreens, baby-on-board protection, goods cover, leasing rental and accommodation reimbursements in the event of an accident, and more. For accident repairs, customers will enjoy special privileges at both partner garages and non-partner garages, including, pick and drop services and ‘click and go’ repairs and repair warranties at partner garages, combined with zero owner’s account deductions, and free towing at non-partner garages. Non-motor policyholders too will enjoy a range of exclusive benefits.