Union Assurance-Singer partner for enhanced payment collection

Union Assurance, Sri Lanka’s premier Life Insurer, has entered into a strategic memorandum of understanding with Singer PLC, a leading retail company in the nation to be its latest payment collection partner.
The partnership aims to enhance customer convenience via Singer’s extensive network of outlets across the country to provide efficient payment collection services.
The partnership will expand Union Assurance’s cash collection points through Singer’s 435 outlets islandwide. Policyholders can make payments at any of these locations, making it easier for them to manage their life insurance premiums and loans. Selected Singer branches will offer cash collection services from 8:30 a.m. to 7:00 p.m. daily. This extended window ensures flexibility for policyholders, allowing them to visit Singer outlets at their convenience, even after regular business hours. Policyholders will also receive real-time updates on their policy status and payment confirmations, ensuring that they can manage their policies on the go.