AIA’s Managing Director Shah Rouf (right) and NDB’s CEO Russell De Mel flanked by their officials who participated in formalizing the bancassurance agreement. AIA, Amal Perera, General Manager, Marketing and Bancassurance, Prasad Donangoda, DGM, Bancassurance and GI Distribution and Dilukshan De Silva. Head of Bancassurance Distribution. On the left, from NDB, Indrajith Wickramsinghe, COO of NDB, Raj Aboobucker, Vice President, SME and Retail Banking, Kumar Gunawardana Asst.Vice President and Head of Remittances, New Branch Development and Bancassurance and Terrance Jeevananth. Manager, Remittances and Bancassurance.
The Bancassurance agreement between AIA and NDB further strengthens the close association the two entities have enjoyed for over a decade.
The link enabled the NDB financial conglomerate to offer life insurance solutions to its customers in addition to its wide range of financial services. NDB which has a network of 70 branches island-wide, pioneered Bancasurance solutions in Sri Lanka.
"This unique partnership provides a great opportunity for the NDB Group to strengthen our strategic alliance within the financial services sector and the strength of AIA's leadership in the pan-Asian region will undoubtedly boost our ability to provide our valued customers with a range of unique bancassurance services, said Russell De Mel, CEO of NDB Group recalling that the two entities had joined hands as far back as 1999 and have grown stronger together. Shah Rouf, Managing Director of AIA Insurance said, "Our bancassurance partnership is of great benefit to NDB's customers who have the convenience of a full spectrum of financial services including life insurance solutions thanks to the close relationship we have had for decades with NDB."
The agreement was formalized with the participation of the two CEOs, Shah Rouf of AIA and Russell De Mel of NDB.
Indrajit Wickramasinghe, COO of NDB and Amal Perera, General Manager of Bancassurance at AIA were among those present.