Janashakthi Insurance inks deal with ComBank for Bancassurance
Janashakthi Insurance PLC, one of the largest insurance providers in
the island and banking giant Commercial Bank penned an agreement that
allows Commercial Bank customers convenient access to a multitude of
Janashakthi's insurance solutions for individuals and corporates.
Prakash Schaffter, Managing Director of Janashakthi
Insurance and Ravi
Dias, Managing Director of Commercial Bank exchanging the
agreement |
The Memorandum of Understanding (MOU) was signed at 21 Sir Razeek
Farook mawatha, Colombo 01 ( formerly known as Bristol Street) premises
on the June 7 2012 by Prakash Schaffter - Managing Director of
Janashakthi Insurance PLC and Ravi Dias, Managing Director of Commercial
Bank PLC. This strategic tie-up will enable Commercial Bank's retail and
Corporate clients access to Janashakthi policies across all Commercial
Bank branches.
This unique service is now available to customers who come to
Commercial Bank for all their insurance needs under one roof. Through
this unique opportunity Janashakthi believes that the penetration for
insurance product needs will grow significantly as Commercial Bank would
help to push insurance products leveraging on the customer bases of both
parties.
Janashakthi Insurance PLC is a dominant player in Sri Lanka's
insurance market with an island wide branch network of nearly 100
branches and has introduced numerous innovative policy options in the
recent past, such as Janashakthi Full Option, Vehicle Emergency Policy,
Hoteliers combined and Janashakthi Life Unlimited which have garnered
acclaim locally and internationally. Further it covers all insurance
needs for life, fire, health, all vehicles, travel and also offers the
best in class retirement product in the market.
Commercial Bank is the largest private bank in Sri Lanka, and the
only Sri Lankan Bank listed in the world's Top 1,000 Banks. It operates
a network of 218 service points in Sri Lanka and the country's single
largest network of 520 ATMs. |