BIMA to develop a range of insurance products for micro-account holders


BIMA Sri Lanka has launched an exciting new partnership with Commercial Bank of Ceylon to offer micro-account customers access to a low cost range of personal insurance products.


Commercial Bank is BIMA’s first banking partner in Sir Lanka. BIMA will develop a suite of products tailored to the needs of Commercial Bank’s growing micro-account customer base. BIMA will offer life, personal accident, hospitalisation and funeral cover.


Max Bergman, CEO said, “We are really looking forward to rolling out this partnership. Commercial Bank shares the BIMA vision of rolling out financial services to  underserved customers who can most benefit from them. This partnership provides us with an opportunity to further expand our reach in Sri Lanka, where we already protect the future of some 1.25 million families”.


“This scheme is yet another example of our commitment to the wellbeing and protection of our customers in the micro enterprise segment,” Commercial Bank Deputy General Manager (Personal Banking) Chandana Gunasekera said. “Today’s micro borrowers can be small or medium enterprises in just a few years with the right support and Commercial Bank is committed to provide that support.”