Com Bank to promote General insurance with Chartis

The Commercial Bank of Ceylon has entered into a Memorandum of Understanding with Chartis Insurance Ltd., to offer General insurance products to the bank’s existing and future customers through bancassurance.

Commercial Bank Managing Director Amitha Gooneratne (left) and Chartis Insurance Managing Director Chris Tragakis exchange the agreement. Others from left are Commercial Bank Deputy General Manager Personal Banking S. Renganathan, the Bank’s Senior Manager Bancassurance Lalith Karunadasa and Chartis Insurance’s Head of Consumer Lines Prasad Fernando and Marketing Manager Shamal Smith

The agreement envisages that the bank will offer insurance cover based on Chartis Insurance products such as ‘Accident and Health,’ ‘Wallet & Liability’ and Homeowners Insurance Protection Plans.

The Commercial Bank’s extended branch network will make the purchase of insurance products and the payment of premiums extra convenient and hassle-free, the bank said.

Chartis Insurance Managing Director Chris Tragakis said Chartis has a long history of offering personal insurance solutions to meet the particular needs of individuals and families worldwide, and its products and services can be tailored to meet the needs of customers of the Commercial Bank.

The only Sri Lankan bank to be listed among the top 1,000 banks in the world, the Commercial Bank’s network in Sri Lanka comprises of 205 computer-linked branches, service points and supermarket banking counters and 450 automated teller machines.

The bank has been adjudged ‘Best Bank in Sri Lanka’ for 13 consecutive years by ‘Global Finance’ Magazine and has won multiple awards as the country’s best bank from ‘The Banker,’ ‘FinanceAsia,’ ‘Euromoney’ and ‘Trade Finance’ magazines.

Headquartered in New York, Chartis Insurance Ltd. has a history of 90 years and is a world leading property, casualty and general insurance organisation serving more than 45 million clients in over 160 countries.