Softlogic Life Insurance PLC has entered into a long-term, strategic Bancassurance partnership with Commercial Bank of Ceylon PLC, to distribute life insurance solutions by Softlogic Life through the bank’s island-wide branch network.
The partnership was formalized by a Memorandum of Understanding (MoU) signed by Commercial Bank’s Managing Director/Chief Executive Officer Jegan Durairatnam and Softlogic Life’s Managing Director Iftikar Ahamed. Commercial Bank Managing Director/Chief Executive Officer Jegan Durairatnam said, “We are excited to enter into a strategic partnership with Softlogic Life. Both of our customer bases will be benefited by this strong alliance with the enablement of competitively priced banking and insurance solutions that can meet there diverse protection and financial expectations.”
Softlogic Life Managing Director Iftikar Ahamed said, “We are delighted to partner with Commercial Bank, who have significant experience in providing Bancassurance products over the past years. This strategic partnership reiterates our commitment to provide multiple access points for customers that would enable them to get required guidance conveniently on a multitude of life plans and health insurance solutions.”