Join hands with Bank of Ceylon to provide Lanka QR payment solution for Life insurance customers

Colombo 25th November 2021:  Strengthening the relationship between two state giants, Sri Lanka Insurance join hands with Bank of Ceylon providing ultimate convenience of paying Life Insurance premiums via Bank of Ceylon cashless QR payment solution- BOC SmartPay.

Understanding the importance of ensuring uninterrupted insurance service to customers amidst the prevailing pandemic situation of the country, Bank of Ceylon partnered to empower customers of Sri Lanka insurance to offer convenient and safe payment option.

Bank of Ceylon QR payment solution will enable Sri Lanka Insurance Life Insurance policyholders to make faster and secure payments digitally while enjoying the seamless payment experience.

Sri Lanka Insurance is striving to enhance the service experience of customers through innovative technological solutions and extending the effort further, the insurance giant brings insurance closer to customers by providing them diverse channels for the ease of access and reach.

During the pandemic situation, Sri Lanka insurance’s foremost concern is the protection; safety and wellbeing of Sri Lankans, hence encourage customers to use their array of payment channels to make payments safely.

With the strength of its financial and operational capacity to enhance the digital banking experience of the entire Sri Lankan community, Bank of Ceylon has extended its digital payment gateways partnering with a broad spectrum of trustworthy and reliable service providers. Initiatives such as this will proactively contribute to Government economic and social development goals at all times. With over 81 years of trust, stability and strength that built a Nation, Bank of Ceylon holds over Rs. 3 Trillion Assets, over Rs. 2.5 Trillion Deposit base and a loan and advances portfolio over Rs. 2 Trillion. It is named as the No.1 Banking brand in the country with over Rs.53 Billion brand value for the year 2021.

Established in 1962, Sri Lanka Insurance Corporation is the largest government-owned insurance company in Sri Lanka, with a managed asset base of over Rs.235 billion and a Life fund of Rs. 134 billion, the largest in the local insurance industry. The company is also the first and only local insurer to secure Fitch Ratings AA (lka) rating for its long-term financial stability and sustainability and also Sri Lanka Insurance ranked as the ‘Most Loved Insurance Brand’ and the ‘Most Valuable General Insurance Brand’ in the country by Brand Finance in 2021. The national insurer is on a mission of being a customer focused company which constantly innovates in providing insurance services to customers and is now serves customers through an extensive network of 158 branches.

Chandana L.Aluthgama Chief Executive Officer of Sri Lanka Insurance and K.E.D.Sumanasiri General Manager of Bank of Ceylon officially launching the payment solution