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HNB General Insurance Ltd (HNBGI), the best General Bancassurance Provider in Sri Lanka recognized by the Global Banking and Finance Review, entered into a Memorandum of Understanding with Hatton National Bank, establishing a strategic partnership to offer a range of insurance coverages for all customers who obtain an HNB Adhishtana loan. Adhishtana is a facility where a loan up to 2.6Mn is granted for skilled migrants from Hatton National Bank. This collaboration marks the first-ever business-to-business market segment agreement between the two entities. The Adhishtana loan facility is specifically offered for skilled employees embarking on foreign employment facilitated through the Sri Lankan Bureau of Foreign Employment, this collaboration offers a range of extensive benefits and coverage including a Death Benefit, Total and Permanent Disability Benefit, Death Due to Accident, Permanent Total Disablement, Total loss by physical severance or total permanent loss, Non-payment of bank loan due to repatriation before the end of the loan tenure due to valid reasons such as being medically unfit for the assigned job role or the unfortunate demise of the insured's immediate family member, Loss of baggage, Loss of Passport, Reimbursement of hospitalization expenses for a maximum of 10 days. Mr. Sithumina Jayasundara, CEO of HNB General Insurance, shared his thoughts on the collaboration, stating, "We are thrilled to partner Hatton National Bank on this exciting venture. Individuals venturing into international job markets encounter unique challenges and risks, while the Adhishtana loan addresses the financial requirements of individuals seeking employment opportunities abroad, we are happy to offer them that added level of financial security and peace of mind through a range of insurance coverages. Also, this partnership highlights our commitment to offer innovative solutions that meet the evolving demands of our customers." Mr. Supun Dias, AGM of Network Management & Business Development at Hatton National Bank, emphasized the significance of this partnership, stating, " Our collaboration with HNB General Insurance empowers us to offer an integrated and comprehensive solution to our customers encompassing both financial support and insurance protection. This joint endeavor showcases our commitment as a group, where we leverage our respective strengths to offer the best possible solution to our valued customers, particularly those seeking employment opportunities overseas. This unified offering not only provides them with exceptional financial support but also ensures robust insurance coverage, fostering a sense of security and confidence."

HNB General Insurance joined hands with Asia Corp Insurance Brokers (Private) Limited to introduce an exclusive 07 in 01 comprehensive insurance package. This collaboration enables a truly groundbreaking insurance product, which signifies a significant leap in the insurance industry by seamlessly merging motor and non-motor insurance covers into a single comprehensive policy. “07 in 01” is the first of its kind in the market, an offering which allows policyholders to consolidate all their insurance requirements, mirroring six additional covers within a single motor policy, simplifying the insurance process and enhancing convenience. Speaking at the MOU signing, Mr. Sithumina Jayasundara, CEO of HNB General Insurance, stated “By combining motor and non-motor insurance covers into a single policy, we are revolutionizing the way insurance is approached. '7 in 1' offers our valued customers a simplified and streamlined experience, eliminating the complexities of managing multiple policies. I’m delighted to have ACIB on board to help us take this product to market, their expertise will certainly bring more value to the overall offering.” Mr. Sunil de Silva Chairman of Asia Corp Insurance Brokers (Pvt.) Ltd. sharing his thoughts on the MOU, opined “We are thrilled to be a part of this endeavor and are truly honored by the partnership. With the collective strength forged through this MOU, we are confident in our ability to deliver an elevated and outstanding proposition to all our valued customers. The introduction of this revolutionary product 07 in 01, marks a significant milestone in the industry, and we are excited to bring this groundbreaking offering to the market in collaboration with HNBGI”

HNB Assurance and HNB General Insurance recently held a workshop partnering Mr. Ravi Abeysuriya, CFA to present and distribute his latest book, "Financial Literacy - to achieve your financial wellbeing." This collaboration aims to promote financial literacy and empower individuals to make informed financial decisions to secure a prosperous future. Mr. Ravi Abeysuriya, a Non-executive / Independent Director of the HNB Assurance PLC board, is a veteran in the field of Banking and Finance. He Chairs and presides on the boards and committees of multiple organizations and was honorably named “Lifetime Achievement” award laureate by CFA Institute, USA in 2017 for his outstanding work and dedication to the investment management profession. Sharing his thoughts at the presentation and distribution event of his book, he opined, "Firstly, I’d like to extend my heartfelt gratitude to the Management of HNBA and HNBGI for their invaluable partnership in propagating this message of financial literacy, empowering a wider audience to shape their financial destinies.” Sri Lanka has the highest gap between print literacy and financial literacy in the region. On Average, 65% of the adults in advanced economies are financially literate. South Asia records the lowest percentage of financial literacy, with Sri Lanka coming in at about 35%. "Numerous studies have indicated that insurance penetration is among the most reliable indicators of financial literacy in any society. Unfortunately, Sri Lanka currently exhibits a penetration of less than 2%, reflecting a significant disparity in comparison to the global average," highlighted Mr. Abeysuriya, shedding light on the prevailing situation in Sri Lanka. While encouraging the participants to read and understand the book “Financial Literacy - to achieve your financial wellbeing," Mr. Abeysuriya emphasized the importance of equipping oneself with the knowledge and skills contained within the book to make informed and pertinent financial decisions. "Comprehending how money works and effectively managing personal finances are crucial steps toward attaining financial stability. Budgeting, planning, investing, asset accumulation and managing borrowings are practices adopted by successful organizations. Similarly, it is important that we apply these skills to our personal lives as well, equipping ourselves with the necessary knowledge and empowering ourselves to make sound financial decisions based on our current financial needs.” The presentation and distribution event was graced by esteemed guests including the Chairman, Director General and other members of the Insurance Regulatory Commission of Sri Lanka (IRCSL), the CEO of Chartered Financial Analysts (CFA) along with the Chairperson, CEOs and Senior Management and members of the advisory teams from both HNBA and HNBGI. The Chief guest of the event Mr. Razik Zarook PC, Chairman of the IRCSL sharing his views at the event stated, "I am deeply honored to be a part of this significant and momentous occasion today. The principles of financial management, articulated in the 'Sigalovada Sutta' of the Digha Nikaya almost 2500 years ago continue to hold relevance even in today's complex economic landscape. I can’t think of a better way to create awareness among people than going back to the words of the Exalted one, the principles of whom, I’m certain this book encapsulates.” He further commended the efforts of all parties who came together to bring life to such an important and timely piece of literature “My congratulations to Mr. Ravi Abeysuriya and my sincere appreciation goes to the HNBA group for embarking upon such an initiative to propagate such an important message. My earnest desire is that this book reaches a wide audience, where all Sri Lankans can embrace the necessary knowledge and insights for their Financial Wellbeing.”