LOLC General and LOLC Life enter into strategic partnership with Cargills Bank

From left: 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 Inward Remittances and Insurance Operations Kithmini Kumaranayake and Cargills Bank Junior Executive Inward Remittances and Insurance Operations Chithma Samaraweera

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

The partnership focuses on strengthening both entities’ portfolio through offering a wider customer base, a range of best-in-class insurance solutions comprising of protection and investment while helping further with the best insurance advice. As a result of this strategic tie-up, the 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. 

The official 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: LOLC General Insurance CEO Kithsiri Gunawardena, LOLC Life Assurance CEO Nadika Opatha and Cargills Bank AGM Retail and SME Business Lasantha Mahendrarajah. The ceremony was also attended by other officials from LOLC Insurance and Cargills Bank.  

Jointly commenting on the significant tie-up, Gunawardena together with Opatha mentioned, “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.”

Mahendrarajah also commented, “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 create a new milestone in the industry.”