BASL & Union Assurance Partnership Renewed 

Group Medical Cover Added to Portfolio

Colombo, 3 November 2021: Union Assurance PLC, Sri Lanka’s fastest growing life insurer, has renewed its partnership with the Bar Association of Sri Lanka for the fifth year in a row, cementing the two organisations’ mutual relationship.

Senath Jayathilake, the Chief Distribution Officer of Union Assurance, said, “Union Assurance is delighted to take its current partnership with BASL to its next phase by offering the esteemed legal professionals of Sri Lanka, the most comprehensive group medical cover the industry has to offer. We are continuously committed towards offering our clientele the very best products and solutions in the insurance industry, and we believe that this partnership is yet another reaffirmation of this commitment.”

This partnership introduced the members of the Bar Association to Union Assurance’s Group Life Protection insurance plan, which includes comprehensive health coverage for COVID-19 hospitalisation, medication, maternity services, physicians, and dental services, as well as an array of exclusive partner benefits.

Furthermore, the partnership enables members of the BASL to obtain specialised services from Union Assurance in securing solutions related to investment, retirement, health, and education plans as comprehensive solutions that holistically protect the members and their families.

The Bar Association of Sri Lanka, founded in 1974, is one of the country’s most renowned and influential professional organisations. Over the course of several decades, the Association has offered central support for the advancement and welfare of the legal profession.

Union Assurance continues to form partnerships with a variety of top professional groups in Sri Lanka, representing members from diverse professions and sectors, to expand efforts to help more people appreciate the value of life insurance as a safety net in times of uncertainty.

Under the banner ‘Your life. Our strength,’ Union Assurance continues to invest in people, products, and processes with an aim to protect the lifestyles, relationships, and ambitions of Sri Lankans.

Union Assurance is a part of the John Keells Group, one of Sri Lanka’s largest listed conglomerates. With 82 branches and a 3,000+ strong workforce, it is Sri Lanka’s oldest, private life insurance company, with a market valuation of Rs. 16.6 billion, a Life Fund of Rs. 45.3 billion, and a Capital Adequacy Ratio (CAR) of 300 percent as of June 2021. Union Assurance is committed to empowering the Sri Lankan Dream by providing life insurance solutions that address the requirements of Sri Lankans in the areas of education, health, investment, protection, and retirement.