Magi Research and Consultants Private Limited acts as consultant / advisor to Sampath Bank PLC on landmark long-term exclusive Bancassurance partnership
Right: Sampath Bank Plc: Mrs. Ayodhya Iddawela Perera, Managing Director; Mr. Ajantha de Vas Gunasekara, Chief Financial Officer; Mr. Tharaka Ranwala, Senior Deputy General Manager, Marketing, Customer Care & Card Centre; Mr. Anil Sahgal, CEO, Magi; Mr. Nalaka De Silva, Manager Life Lead Operations and other team members.
Left: Union Assurance Plc: Mr. Senath Jayatilake, Chief Executive Officer; Mrs. Wathsala Aluthgedara, Chief Partnership Distribution Officer; Mr. Wishanth Wijesinha, Head – Bancassurance; Mr. Harsha Senanayake – Chief Information Officer; Ms. Himani Weerasekera, Chief Financial Officer and other team members.
30 January 2025
Magi is pleased to congratulate Sampath Bank PLC, a leading financial institution in Sri Lanka, for the successful signing of a long-term exclusive Bancassurance partnership for life insurance products with Union Assurance PLC, a leading life insurance provider in Sri Lanka. This partnership is a significant milestone in the Sri Lankan market, with Sampath Bank’s commitment to providing its customers access to a range of financial and insurance products and services.
Magi, led by Anil Sahgal – CEO, supported this transaction by managing the end-to-end RFP process for the Bank, and provided expert advisory services in partner selection, business planning, commercial structuring and legal negotiations. Our strong expertise in Bancassurance advisory, coupled with our deep understanding of banking and insurance partnerships, enabled us to play a pivotal role in supporting the Bank in securing this partnership.
This assignment further strengthens Magi’s track record as a key Bancassurance advisor, successfully advising on Insurance and Bancassurance transactions across multiple markets in Asia and Africa. Our experience spans working with leading Banks and top-tier Insurers, enabling them to structure and implement successful Bancassurance partnerships. We take pride in being a part of this deal.
For further information, please contact:
Tamanna
Magi Research and Consultants Private Limited