HNB Assurance signs MoU with State Mortgage and Investment Bank

MoU signing between HNB Assurance and SMIB

HNB Assurance signed a memorandum of understanding (MoU) with State Mortgage and Investment Bank (SMIB), marking the beginning of a strategic partnership aimed at offering financial security solutions for their customers.

This collaboration will help deliver tailored products that meet the needs of SMIB’s borrowing customers as well as providing them with comprehensive life insurance coverage.

HNB Assurance CEO Lasitha Wimalratne, sharing his views on this partnership, stated, “We are thrilled to team up with SMIB to offer integrated financial solutions that prioritise the well-being of their customers. This MoU is yet another step towards our vision of creating a more secure financial future for individuals and their families through the formation of a partnership. We believe that by working together, we can make insurance more accessible and relevant to all.”

SMIB CEO Thushara Asurananna shared similar sentiments, stating, “Our partnership with HNB Assurance is crucial as we strive to enhance our product portfolio and offer the best possible solutions to our customers. I certainly believe, through partnerships such as this, we can provide our customers with a more comprehensive financial service while ensuring they have the protection they seek. As we partner HNB Assurance, I’m certain that together, we can deliver exceptional value and a great service to our customers enabling them financial stability and peace of mind.”

Through this partnership, HNB Assurance will work closely with SMIB to integrate insurance solutions into their product offerings, ensuring that customers have access to financial protection that aligns with their needs. This collaboration will mainly facilitate decreasing term assurance while also focusing on creating a seamless experience for customers seeking financial security in various aspects of their lives.

HNB Assurance Chief Business Officer Partnerships Sanesh Fernando added, “This partnership is yet another example of our commitment to widen our reach and deliver significant benefits to all stakeholders involved. At HNB Assurance, we have a proven track record, being recognised as the Best Life Bancassurance Provider for four consecutive years by the Global Banking and Finance Review. Similar to our other partnerships, our goal is to create a hassle-free experience that empowers customers to safeguard their financial futures. My sincere thanks to the management of SMIB and all the teams from HNB Assurance involved for their support in bringing this partnership to life.”