DFCC Vardhana Bank, the everyday banking unit of DFCC Bank, signed a Memorandum of Understanding (MoU) last week with Union Assurance PLC. This new partnership entails that Union Assurance customers are provided with the added convenience of making their insurance premium payments from any of the Vardhana Bank’s branches. This agreement is part of yet another initiative by DFCC Vardhana Bank to expand its range of financial services.

Speaking at the signing of the MoU, L.G. Perera, CEO and Managing Director of DFCC Vardhana Bank stated, "This join venture is in line with our vision of expanding DVB’s financial services. We are happy to be partnering with Union Assurance PLC, one of the top achievers in the insurance industry and their unique ability to be innovative and set trends proves we’ve made a good choice. This is just one of the many ventures DFCC Vardhana Bank envisioned, as we continue to become the leading commercial bank in the country."

"We are honored to partner DFCC Vardhana Bank and are confident that this initiative will be another step to improve the level of service and convenience to all our customers," stated CEO of Union Assurance, Marina Tharmaratnam.