Seylan Credit Cards and Union Assurance Join Hands to Offer Hassle-free Life Insurance Payment Options

Colombo: Seylan Credit Cards, the Essential Card for Heartfelt Essentials, is thrilled to announce its strategic partnership with Union Assurance, one of the leading Life Insurers in Sri Lanka. This collaboration aims to provide Seylan Credit Cardholders with an innovative and convenient Easy Payment Plan for their Union Assurance Life Insurance Policies, relieving them of the burden of lump-sum payments and providing greater flexibility in managing their finances.

Seylan Credit Cardholders can take advantage of a 0% Interest Instalment Plan for their Life Insurance Policies from Union Assurance extending over a 12-month period. This unique offering empowers individuals to safeguard their future without facing immediate financial strain. Union Assurance offers a comprehensive range of Life Insurance solutions, addressing health, investment, protection, retirement, and education needs of Sri Lankans.

Eugene Seneviratne, Deputy General Manager of Retail Banking at Seylan Bank, said, “We are elated to join hands with Union Assurance to offer our valued Seylan Credit Cardholders a hassle-free way to secure their life insurance payments. With this Easy Payment Plan, we are committed to making life insurance more accessible and manageable for our customers.”

In response to the partnership, Mahen Gunarathna, Chief Marketing Officer from Union Assurance stated, “We are happy to announce our partnership with Seylan Bank to introduce Easy Payment Plans for Bank cardholders. At Union Assurance, we understand that everyone is facing challenging times, and through this collaboration, we aim to provide a practical solution that allows individuals and families to safeguard their future and stay financially protected without undue stress. We believe in standing together with our community, and this partnership reaffirms our dedication to enriching financial well-being for all.”

To convert Insurance Payments into an Easy Payment Plan, Cardholders need to call the Seylan Bank hotline at 011-2008888 within 7 working days of their payment. The transaction limits for such conversions are set at a minimum of Rs. 10,000 and a maximum of Rs. 1 million.

This offer is valid until 31 December 2023. To learn more or to obtain the Essential Card for all of life’s Heartfelt Essentials, interested individuals may call the Seylan Cards hotline at 011-200 88 88.