Union Assurance PLC and Nations Trust Bank PLC (NTB) have renewed their long-standing exclusive bancassurance partnership. The alliance has helped expand access to financial protection solutions for customers across the country.
The renewed partnership reflects the shared commitment of both organisations to offer financial solutions that combine banking convenience with Life Insurance protection. Customers will continue to have access to solutions that can help protect their financial future. These solutions also support their changing needs, plans and life goals.
Over the years, the partnership has grown into one of Sri Lanka’s leading bancassurance collaborations. It has focused on customer needs, new ideas and better service.
Combining banking reach with Life Insurance expertise
The partnership brings together NTB’s branch network, growing digital banking system and customer reach with Union Assurance’s Life Insurance expertise.
As a result, thousands of customers have accessed protection, savings and investment solutions. These solutions are tailored to their individual needs.
Now, the renewal sets the base for the next phase of the partnership. Together, Union Assurance and NTB will work to improve the customer experience through digital innovation and stronger advisory support.
In addition, the two organisations will offer customer-focused solutions that respond to changing financial and protection needs. These efforts will support customers as they work towards their future goals.
Commenting on the partnership renewal, Hemantha Gunetilleke, Director and Chief Executive Officer at Nations Trust Bank, said:
“The renewal of our partnership with Union Assurance reinforces our commitment to providing customers with comprehensive financial solutions through a trusted Life Insurance partner.
As customer expectations continue to evolve, the need for integrated banking and protection offerings has become increasingly important. Together with Union Assurance, we look forward to further enhancing our bancassurance proposition and delivering greater value through innovative, customer-centric solutions.”
Senath Jayatilake, Director and Chief Executive Officer of Union Assurance, said:
“Our partnership with Nations Trust Bank has been built on a shared vision of creating meaningful value for customers through seamless access to financial protection solutions.
Over the years, this collaboration has consistently delivered strong outcomes by combining the strength of two trusted institutions. As we renew this partnership, we remain committed to driving innovation, expanding accessibility, and helping more Sri Lankans protect what matters most while progressing confidently towards their future goals.”
Finally, the renewed partnership will continue to combine Nations Trust Bank’s banking reach with Union Assurance’s Life Insurance expertise. The focus will remain on improving access to financial protection, savings and investment solutions for customers.
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Last modified: October 19, 2026
