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| Sunday, 19 February 2006 |
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Business |  |
| News Business Features Editorial
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MoU to add value to Central Finance savings schemes Union Assurance, a premier insurance company, recently entered into a Memorandum of Understanding (MoU) with Central Finance Company to add value to the new savings schemes launched by Central Finance. The customers who open these saving accounts introduced by Central Finance, 'CF Lama' and 'CF Senior Citizens' will be able to add an attractive life insurance cover,health insurance including critical illness cover and personal accident cover offered by Union Assurance. According to Central Finance, which received the approval to operate savings accounts by the Central Bank recently, it has tied up with Union Assurance to add a new dimension to their savings accounts by adding real value to its customers and to gain a competitive edge over other financial institutions. "Our wish is to provide the benefits of insurance to a wider number of people through this type of arrangements. We are happy to be in partnership with a strong finance company such as Central Finance to provide life insurance cover to their savings account holders," said Dharshini Kurukulasuriya Wahalawatta, Manager Group Life Union Assurance. "We have chosen Union Assurance as our strategic partner looking at its corporate strength and stability as well as speed and quality of service. It is for the first time that a personal accident cover is made available to the Senior Citizens up to the age of 75 ", said Rajanayake - Senior Accountant, Central Finance, at the signing ceremony of the MoU. |
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