Amãna Takaful partners with Commercial Bank

Thursday, 11 July 2013 01:00 -     - {{hitsCtrl.values.hits}}

Amãna Takaful PLC, a composite insurer and the pioneer of the Takaful way of insurance in Sri Lanka recently announced a Bancassurance partnership with Commercial Bank of Ceylon to offer insurance services through the branch network of the bank. The MoU that was signed recently by Chief Executive Officers of the two organisations was held at the Commercial Bank head office in the presence of senior officials of both organisations. This strategic partnership with Commercial Bank will enable the Bank’s customers to have direct access to selected Life and General Takaful insurance products offering a one-stop-shop solution. The new move comes in addition to the already existing relationship with Commercial Bank as a payment point for Amãna Takaful policies. “We are pleased be able to strengthen our partnership through the years with one of the most respected Banks in Sri Lanka. Through this MoU we hope to widen our reach and offer customers greater transactional flexibility and convenience,” said Fazal Ghaffoor, Chief Executive Officer, Amãna Takaful PLC. The insurance agreement with Commercial Bank will allow customers to have access to Takaful Motor, Takaful My Home, Takaful Fire Cover, Mortgage and Fire protection at Commercial Bank branches. “This partnership is in line with our on-going strategy to enhance access of our insured members to quality financial services and reaffirms our commitment to forming strategic relationships with one of the best financial service providers in Sri Lanka. We believe that through this relationship we can greatly improve the quality of both insurance and banking services offered to our customers,” Ghaffoor further explained. Managing Director/Chief Executive Officer of Commercial Bank Ravi Dias said: “We are pleased to tie up with Amãna Takaful Insurance for Bancassurance services and believe that it will provide more options to our customers when selecting an insurance policy.” Commercial Bank is the largest private bank in Sri Lanka, and the only Sri Lankan Bank to be listed three years consecutively in the world’s Top 1,000 Banks. It operates a network of 232 service points in Sri Lanka and a network of 570 ATMs, the single largest ATM network operated by a bank in the island. The bank has been adjudged ‘Best Bank in Sri Lanka’ for 15 consecutive years by ‘Global Finance’ Magazine, and has won multiple awards as the country’s best bank from ‘The Banker,’ ‘Finance Asia,’ ‘Euromoney’ and ‘Trade Finance’ magazines. Amãna Takaful recently stayed true to its word of ‘redefining insurance’, by announcing to its General insurance policyholders a payment of “surplus”. The payment is a proportionate rate off the surplus of the Risk Fund at the end of defined period to all non-claimant Takaful policyholders. One of a few ISO certified insurance operators in Sri Lanka; ATPLC now operates in 23 locations with plans of expanding its footprint further. The company offers total insurance solutions to meet all needs of its customers, the Takaful way.