HNB FINANCE enhances synergy with HNB General Insurance through MoU

Sri Lanka’s leading integrated financial services provider, HNB FINANCE PLC, has entered into a
partnership with HNB General Insurance Ltd (HNBGI), making it significantly easier and faster for
HNB FINANCE customers to obtain the general insurance policies required for most of the
offerings from the company.
A Memorandum of Understanding (MoU) signed recently by the two companies strengthens their
ties, and also enables HNB FINANCE customers not only to obtain fire and motor policies but all
other general insurance policies offered by HNBGI without even having to leave the premises of
HNB FINANCE. This partnership ensures that the process of obtaining the necessary insurance
policies will be both more convenient and faster, further enhancing the overall customer experience.
“We at HNB FINANCE always introduce and endorse initiatives that undoubtedly elevate our
customer experience, especially through partnerships with reputed organisations such as HNB
General Insurance,” noted HNB FINANCE PLC Managing Director and CEO Chaminda Prabhath.
“Exclusive to this type of partnership is the seamless enhancement of synergies and strengths that
we benefit from, by being a part of one of Sri Lanka’s largest financial services conglomerates: The
HNB Group.”
“We are indeed honoured to be a partner in this endeavour, and have no doubt that in the joining of
forces by way of this MoU an enhanced and superlative proposition could be provided to all
customers of HNB Finance” noted HNB General Insurance CEO Sithumina Jayasundara who further
added “At the core of our strategy at HNBGI is customer centricity, which is purveyed by way of a
superior product offering as well as augmented service delivery. To this end, the Company on an
ongoing basis continues to infuse new technologies that allow for multichannel customer interaction
whilst also investing in developing our people. The company also has a robust claims management
process by which the payment of claims are made expeditiously offering great convenience to the
customer. In fact, the Global Banking and Finance Review recognised HNBGI as the Best Insurance
Company Claims Management Team – Sri Lanka in 2022. Therefore I’m sure that this MoU will be
start of many great things to come”.

HNB Finance PLC was established in the year 2000 and is licensed as a registered Finance Company
by the Monetary Board of the Central Bank of Sri Lanka. Maintaining an extensive island-wide
presence across 77 branches, HNB Finance offers a range of exceptional financial services which
include Small and Medium Enterprise (SME) Loans as well as leasing, gold loans, housing loans,
personal loans, real estate and property loans and savings and fixed deposits facilities. The company

Classification – Public
holds a National Long-term Rating at ‘A(lka)’; as affirmed by Fitch Ratings, certified as a Great Place
to Work and ranked 57th among Top 100 brands in Sri Lanka by Brand Finance.

About HNB General Insurance Ltd
HNB General Insurance Limited (HNBGI) was incorporated in January 2015 and specializes in Motor
and Non-Motor Insurance Solutions and is presently one of the fast-growing General Insurance
Companies in Sri Lanka, with a network of 56 branches. The Company is ranked within the Top 100
Brands in the country and has been awarded a ‘National Insurer Financial Strength Rating’ of A+ (lka)
by Fitch Ratings Lanka Limited and has obtained the Great Place to Work® Certification. HNBGI
was also acclaimed as the ‘Best Insurance Company Claims Management Team Sri Lanka 2022’ by
Global Banking and Finance Review and ‘Best General Insurance Company of the Year’ Special
Recognition Award at the 3rd ICC Emerging Asia Insurance Awards 2021. The Company was
awarded the Motor Insurance Initiative of the Year – Sri Lanka award at the Insurance Asia Awards
2021, and is a fully owned subsidiary of HNB Assurance PLC.

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