Sri Lanka Insurance and People’s Bank ties up in unique scheme for customer convenience

Friday, 28 February 2020 00:00 -     - {{hitsCtrl.values.hits}}

Exchanging of the agreement between SLIC and People’s Bank. From left: People’s Bank Senior Deputy General Manager – Retail Banking K.B. Rajapakse, People’s Bank Senior Deputy General Manager – Banking Operations M.A. Bonniface Silva, People’s Bank CEO/General Manager Rasitha Gunawardana, People’s Bank Chairman Sujeewa Rajapakse, SLIC Chairman Jagath Wellawatta, SLIC CEO Chandana L. Aluthgama, SLIC Chief Information Officer Aloka Jayawardane, SLIC Chief Officer – Business Development Rukman Weeraratn, and SLIC Assistant General Manager – Bancassurance and Alternate Distribution Roshan Collas 


An agreement was signed between the two state giants SLIC and People’s Bank on 26 February at the SLIC head office, setting the stage for an array of innovative products and services to the public. 

Agreement was exchanged by the two Chairmen, SLIC Chairman Jagath Wellawatta and People’s Bank Chairman Sujeewa Rajapakse and the senior corporate management of both companies.

SLIC and People’s Bank will open office units in each other’s office premises to provide convenience to the customers.

A unique online Fire Insurance system and Title Insurance scheme will be offered for People’s Bank customers and a co-branded motor insurance policy with special features are also offered to People’s Bank customers by SLIC. A special payment gateway for premium settlement will be effective with this agreement. 

Both SLIC and People’s Bank employees too will benefit from the tie up. 

The agreement will facilitate integrated services of the banking sector and the insurance sector under one roof providing convenience for customers of both SLIC and People’s Bank.