Sampath Bank and Eagle to provide customers with Life products

As an extension of Eagle's bancassurance partnership with Sampath Bank, two Life Insurance products were launched for Sampath Bank customers who were previously able to obtain General Insurance products underwritten by Eagle. Now both Life and General Insurance products are available at Sampath Bank branches.

Describing the partnership with Eagle as one of mutual benefit, Sampath Bank's Chief Operating Officer Aravinda Perera, said that it will be a value-added service to their customers.

With General Insurance bancassurance products already being marketed successfully through the branches, he said that their customers now have the added facility to obtain life Insurance products for investment and financial protection needs.

"We are always looking for avenues to offer insurance solutions to customers in the most convenient way. The bancassurance partnership with Sampath Bank will make things so much easier for customers who wish to enjoy banking services whilst obtaining life and general insurance products without a hassle," said Gehan Rajapakse, General Manager, Fund Management and Bancassurance of Eagle Insurance PLC.

With the launch of the Life insurance range, customers can avail themselves of two financial solutions. One financial solution offered, is ideal for customers who cannot commit for a long term premium outlay.

Premium payment is only for five years for a policy that spans 10 to 30 years. Life cover is five times the annual premium. With this product one can now ensure that his or her child's dream of higher education is secure or plan ahead for a comfortable retirement.

The other financial solution available through this bancassurance partnership is a product which ensures adequate financial protection of policyholders who may own an insurance policy.

This product also offers customers a limited premium paying period. This non-premium paying period helps policy holders enjoy peace of mind, allowing them to meet other financial commitments with complete confidence.