HNB Life PLC recently hosted its Partnership Awards 2026, recognising the outstanding contributions of its Bancassurance and Alternate Channel officers whose efforts played a key role in the Company’s strong performance throughout 2025.
The awards celebrated the teams behind significant growth across new business, renewals, fee income, investments and group life, highlighting the increasing importance of HNB Life’s Partnership Channel in expanding its reach and strengthening customer relationships.
The Partnership Channel recorded Rs. 10.4 billion in Gross Written Premium (GWP) during 2025, representing a 58 percent year-on-year growth. New Business Premium (NBP) also reached Rs. 2.3 billion, marking a 58 percent increase and reflecting continued momentum in new customer acquisition.
Renewal business delivered another strong performance, growing by 47 percent to Rs. 4.2 billion. The growth demonstrates the depth of customer relationships established through the Partnership Channel and the ability of the business to retain customers over the long term.
Meanwhile, the Alternate Channel contributed Rs. 2.2 billion in GWP, accounting for approximately 21 percent of the Partnership Channel’s overall business volume. Its contribution further highlights the role of diversified distribution channels in supporting HNB Life’s growth strategy.
The performance also reflects the strength of HNB Life’s relationships with its extensive network of banking and broker partners, with collaboration across the partnership ecosystem continuing to support the Company’s expansion and customer reach.
Commenting on the achievement, Lasitha Wimalaratne, Executive Director and Chief Executive Officer of HNB Life PLC, described 2025 as a defining year for the Partnership Channel.
He said the channel had continued to strengthen its contribution to the Company’s growth while enabling HNB Life to reach more customers. Wimalaratne also emphasised that the financial results represent more than business growth, noting that they reflect the trust placed in HNB Life by its partners and the collective commitment to creating greater value for customers.
Sanesh Fernando, Executive Vice President and Chief Business Officer of HNB Life PLC, attributed the channel’s performance to strong collaboration between the Company and its partners.
He highlighted the exceptional growth achieved across new business, renewals, MRP, investments and Group Life, describing the Partnership Awards as an opportunity to recognise the individuals who contributed to these achievements.
Fernando also expressed his appreciation to HNB, the Company’s partner banks and broker network for their continued confidence and support, while reaffirming HNB Life’s commitment to strengthening these partnerships and building on the momentum achieved.
The Partnership Awards 2026 therefore served not only as a recognition of individual and team performance but also as a celebration of the collaborative relationships that continue to support HNB Life’s growth and expansion across Sri Lanka’s insurance landscape.
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