LOLC General, LOLC Life enter strategic partnership with Cargills Bank

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LOLC General Insurance PLC and LOLC Life Assurance Ltd entered into a strategic partnership agreement with Cargills Bank, the banking arm of the Cargills Group, a spokesman said.

The partnership focuses on strengthening both entities’ portfolios through offering a wider customer base, a range of best-in-class Insurance solutions comprising protection and investment while helping further with the best Insurance advice. As a result of this strategic tie-up, Cargills Bank customers will have the opportunity to experience the products and services offered by both LOLC General Insurance PLC and LOLC Life Assurance Ltd, he added.

The agreement signing ceremony was held at the Cargills Bank Head Office. The event was conducted with the participation of the official signatories from each entity; Kithsiri Gunawardena, CEO of LOLC General Insurance, Nadika Opatha, CEO of LOLC Life Assurance and Lasantha Mahendrarajah, AGM – Retail & SME Business, Cargills Bank. Other officials from LOLC Insurance and Cargills Bank also attended the ceremony, the spokesman said.  

Jointly commenting on the significant tie-up, Kithsiri Gunawardena, CEO of LOLC General Insurance together with Nadika Opatha, CEO of LOLC Life Assurance said, “With the launch of this partnership, LOLC General Insurance PLC and LOLC Life Assurance Ltd will be able to leverage on the strong brand presence and reach of Cargills Bank. We are confident that this partnership will reach greater heights since both Cargills Bank and LOLC Insurance companies share a strong commitment for customer value creation and exceptional service. We are truly excited to embark on this journey with one of the oldest conglomerates in the country”

Lasantha Mahendrarajah, AGM – Retail & SME Business, Cargills Bank said, “Cargills Bank is always committed to exploring the possibilities of creating convenience and value to our customers. We are highly excited with the strategic partnership and looking forward to creating a new milestone in the industry”.