Business
LOLC General and LOLC Life enter into strategic partnership with Cargills Bank
LOLC General Insurance PLC and LOLC Life Assurance Ltd. recently entered into a strategic partnership agreement with Cargills Bank, the banking arm of the Cargills Group.
‘The partnership focuses on strengthening both entities portfolio through offering a wider customer base, a range of best-in-class insurance solutions comprising of protection and investment, while helping further with the best Insurance advice. As a result of this strategic tie-up, Cargills Bank customers will have the opportunity to experience the products and services offered by both LOLC General Insurance PLC and LOLC Life Assurance Ltd., a press release said.
The release adds: ‘The official agreement signing ceremony was held at the Cargills Bank Head Office. The event was conducted with the participation of the official signatories from each entity; Kithsiri Gunawardena, CEO of LOLC General Insurance, Nadika Opatha, CEO of LOLC Life Assurance and Lasantha Mahendrarajah, AGM – Retail & SME Business, Cargills Bank. The ceremony was also attended by other officials from LOLC Insurance and Cargills Bank.
‘Jointly commenting on the significant tie-up, Kithsiri Gunawardena, CEO of LOLC General Insurance together with Nadika Opatha, CEO of LOLC Life Assurance mentioned “With the launch of this partnership, LOLC General Insurance PLC and LOLC Life Assurance Ltd will be able to leverage on the strong brand presence and reach of Cargills Bank. We are confident that this partnership will reach greater heights since both Cargills Bank and LOLC Insurance companies share a strong commitment for customer value creation and exceptional service. We are truly excited to embark on this journey with one of the oldest conglomerates in the country”
‘Lasantha Mahendrarajah, AGM – Retail & SME Business, Cargills Bank also commented that “Cargills Bank is always committed to exploring the possibilities of creating convenience and value to our customers. We are highly excited with the strategic partnership and looking forward to create a new milestone in the industry”
‘The dynamism which LOLC General and Life brings into the industry is the correct blend of flexible customer service and customized product solutions, in reaching different market segments comprehensively. Recently, LOLC General won the awards for ‘Best General Insurance Company of the Year’ at 3rd Emerging Asia Insurance Awards 2021, Asia’s Best Employer Brand Awards 2021, and was also ranked amongst the Top Nation’s Most Popular Service Providers by LMD. While, LOLC Life secured the ‘Asia’s Best Employer Brand Award 2021’, declared 56 members of their sales team as qualifiers for the Million Dollar Round Table (MDRT) membership including 03 Court of The Table (COT) winners for the year 2021, and was also ranked amongst the Top Nation’s Most Popular Service Providers by LMD.
‘Both the companies are fully owned subsidiaries of the LOLC Group, which is one of Sri Lanka’s largest and most diversified conglomerates with operations in 20 countries including Asia, Middle East and Africa. LOLC General and Life Assurance will continue to explore possibilities to elevate the Insurance needs of the community at large through practical and affordable Insurance solutions in promoting sustainable economic retrieval and affluence.
‘Cargills Bank, as one of the most progressive banks in Sri Lanka, has grown to serve over 175,000 customers through 500+ touch points and 21 branches. With a vision to be Sri Lanka’s most inclusive bank driven by digital enablement, Cargills Bank is rated A+(lka) by Fitch Ratings Lanka and is the financial services arm of the Cargills Group, providing a full range of banking and financial services.’
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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