Sri Lanka Insurance and Commercial Bank have tied up to create convenience for Sri Lanka Insurance customers by initiating a co-branded affinity card with a loyalty platform and easy payment scheme for General Insurance premium payments.
The signing of the MOUs took place recently at Sri Lanka Insurance Head Office.
SLI Chairman Hemaka Amarasuriya said that this partnership formed between the two leading organisation is expected to benefit both organisations through the benefits provided to the customers. This tie-up would enrich and enhance the relationship between the two parties even further, he said.
Chairman Commercial Bank, Dharma Dheerasinghe said this affinity card is expected to take Commercial Bank to the next level of the card business.
“We didn’t focus heavily on the card business until recently, but now our card business is one of the fastest growing in the country. This tie-up would provide added synergy to our relationship with SLI,” he said.
The easy payment scheme will enhance the premium payment mediums and make the payment process flexible and convenient for the customer. Sri Lanka Insurance constantly introduces flexible payment plans that allow the General insurance customers to pay premiums without a huge impact to their personal cash flow.
The 12-month, 0% installment plan can now be used for any General Insurance premium payment done through a Commercial Bank credit card.