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Home » News » HNB Assurance partners with Prime Grameen Micro Finance

HNB Assurance recently partnered with Prime Grameen by introducing a competitive life insurance scheme to cover the Prime Grameen loan clientele. Prime Grameen, established in year 2000, is the flagship micro finance operator in Sri Lanka and a subsidiary of the HNB PLC consequent to it acquiring 51% of the controlling stake of the company. By introducing commercial based micro finance, a new course had been charted for the enterprising but inclusive small scale entrepreneurs of Sri Lanka. Prime Grameen is a fully fledged finance company duly registered and licensed by the Monetary Board of the Central Bank of Sri Lanka.
Commenting on this, Prasantha Fernando Chief operating officer of HNB Assurance stated “The innovative product we designed provides peace of mind to the borrowers, since the coverage will take care of their outstanding loan at time of an unfortunate event with the facility to continue the dependents’ livelihood as well.