Exchanging of the MOU between the senior management of HNB Assurance and Prime Grameen
HNB Assurance recently partnered with Prime Grameen by introducing a competitive life insurance scheme to cover the Prime Grameen loan clientele. Prime Grameen, established in year 2000, is the flagship micro finance operator in Sri Lanka and a subsidiary of the HNB PLC consequent to it acquiring 51% of the controlling stake of the company.
By introducing commercial based micro finance, a new course had been charted for the enterprising but inclusive small scale entrepreneurs of Sri Lanka. Prime Grameen is a fully fledged finance company duly registered and licensed by the Monetary Board of the Central Bank of Sri Lanka.
Commenting on this, HNB Assurance Chief Operating Officer Prasantha Fernando stated, “The innovative product we designed provides peace of mind to the borrowers, since the coverage will take care of their outstanding loan at time of an unfortunate event with the facility to continue the dependents’ livelihood as well.
HNB Assurance PLC is one of the fastest growing insurance companies in Sri Lanka with a network of 52 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Rating Lanka for ‘National Insurer Financial Strength Rating’ and ‘National Long- term Rating’. HNB General Insurance incorporated in 2015 which specialises in a variety of motor and non-motor insurance solutions, is a fully owned subsidiary of HNB Assurance PLC. HNBA is also rated within the Top 100 Brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance recently won International awards for Brand Excellence, Digital Marketing and HR Excellence and also won many awards for its Annual Reports at the Award ceremonies organised by the Institute of Chartered Accountants of Sri Lanka, ACCA Sri Lanka and SAFA (South Asian Federation of Accountants)