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HNB Assurance partners with SMIB to expand Bancassurance reach
Sunday Island
|August 17, 2025
HNB Assurance PLC, recognized as Sri Lanka's Best Life Bancassurance Provider for five consecutive years, has entered a strategic partnership with the State Mortgage & Investment Bank (SMIB) to offer tailored life insurance solutions.
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This collaboration, now fully operational following the signing of a Memorandum of Understanding, will introduce Decreasing Term Assurance (DTA) products through SMIB's island-wide branch network. The partnership aims to enhance accessibility to insurance while delivering comprehensive financial protection.
This story is from the August 17, 2025 edition of Sunday Island.
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