SDB bank has entered into a bancassurance partnership with LOLC Life Assurance Ltd.
This collaboration marks a milestone in providing SDB bank customers with convenient access to life insurance products, leveraging LOLC’s expertise and integrating its offerings into SDB Bank’s extensive branch network.
Customers can avail of banking and insurance services under one roof, thereby facilitating a seamless service experience through this partnership. This initiative is expected to leverage the stengths of both entities, combining SDB Bank’s robust banking network with LOLC Life Assurance’s expertise in providing comprehensive insurance solutions.
The Memorandum of Understanding (MoU) was signed at the SDB Bank Head Office on April 22.
Acting Chief Executive Officer of SDB Bank, Niranjan Thangarajah said, “This alliance with LOLC Life Assurance is a testament to SDB Bank’s commitment to offering our customers a holistic banking experience. By integrating insurance services into our network, we are not only expanding our portfolio but also providing our clients with the convenience and trust they associate with SDB Bank.”
