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HNB Assurance and SMIB partner to expand bancassurance reach
The Island
|August 18, 2025
HNB Assurance PLC, recognized as Sri Lanka’s Best Life Bancassurance Provider for five consecutive years by Global Banking and Finance Review, has entered a strategic partnership with the State Mortgage & Investment Bank (SMIB), marking the beginning of a bancassurance collaboration.
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This partnership aims to offer tailored insurance solutions to SMIB’s valued customer base, enhancing accessibility and protection through financial synergy. Having already signed a Memorandum of Understanding (MOU) to offer Decreasing Term Assurance (DTA) solutions, the collaboration now moves into full implementation, strengthening HNBA’s reach through SMIB’s island-wide branch network. This partnership is expected to play a vital role in deliv
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