Cargills Bank & Janashakthi Life strengthens partnership with co-branded Credit Cards

(COLOMBO, LANKAPUVATH) – Strengthening the partnership between two of the country’s leading local corporates, Cargills Bank and Janashakthi Insurance PLC (Janashakthi Life) announced the launch of their new co-branded credit card, which is dedicated to provide superior value to Janashakthi Life insurance customers.

This co-branded credit card will be made available to existing or new Janashakthi Life customers with a monthly premium value of Rs. 10,000 or above, and can avail a credit limit up to Rs. 500,000. This also entitles customers to enjoy the numerous benefits and discounts that are offered to Cargills Bank credit cardholders.

Commenting on the latest offering of this unique partnership, Director / Chief Executive Officer of Janashakthi Insurance PLC, Mr. Jude Fernando stated, “With the evolving lives of our customers, it is important to innovate ways of interacting with our customers that would create meaningful engagement as a trusted partner and service provider. We want to add value to our loyal customers by offering them benefits that would uplift their quality of lives. At Janashakthi Life, we are happy to find a likeminded partner in Cargills Bank, who understand this and are committed to providing our collective customer base with better service and solutions every day”.

Managing Director / Chief Executive Officer of Cargills Bank, Mr. Rajendra Theagarajah added, “We are delighted to partner with Janashakthi Life as a part of our expansion strategy in the cards business. This solution will enable Janashakthi Life insurance customers to avail themselves to a variety of augmented services with Cargills Group and many more partner merchants connected to Cargills Bank. We will continue to leverage our synergies and confidentthat this new initiative will add meaningful value to our customers across the country”.

This latest venture is an extension of the partnership created last year between the two Companies, as they offered a cash management solution which enables Janashakthi Life customers to pay their premiums through the Cargills network. This association includes all Cargills Bank branches and the island wide network of over 380 Cargills Food City outlets, thereby affording Janashakthi customers superior convenience.

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