Richard Pieris Finance, Arpico Insurance join forces to serve their valued customers

Arpico Insurance PLC has created an exclusive policy that provides a life cover of up to Rs. 1,000,000 to customers of Richard Pieris Finance Ltd. The MOU in this regard was signed recently in the presence of senior officials of both companies, according to a media release issued by Arpico Insurance. 
Richard Pieris Finance has an asset base of Rs. 18 billion with fixed deposits totalling Rs. 8 billion. With over 15 branches strategically located island-wide and over 300 dedicated professionals, Richard Pieris Finance has an extensive product portfolio, ranging from vehicle leasing, fixed deposits, savings, business financing, to home loans, Arpico furniture financing, supplier financing, and alternative financial solutions.
Lohika Fonseka, CEO of Richard Pieris Finance Ltd, said: “The signing of this MOU marks a very important milestone to us. With this initiative in place, we look forward to further strengthen our relationship with Arpico Insurance PLC and work more closely on a number of shared goals that is sure to give our customers the best of both worlds.”
Both companies are backed by the strength and stability of its parent entity Richard Pieris and Company PLC, which is one of Sri Lanka’s most successful and respected conglomerates and a name that has an outstanding reputation for championing the hearts of Sri Lankans for over eighty five years.
‘We take great pride in joining hands with Richard Pieris Finance to provide all their customers with a comprehensive life insurance cover. This agreement accurately reflects our business philosophy and the shared values of our parent company,” said Harsha De Alwis, CEO of Arpico Insurance PLC.
Arpico Insurance PLC has embarked on an aggressive growth plan that will see it increasing the geographical footprint through several branch openings, the addition of new products and services to their already expansive portfolio as well as building and fostering new partnerships that are certain to benefit all stakeholders.
Excluding its Group Life revenue, the company recorded its highest ever monthly sales figure in January of this year, exhibiting over a 100 per cent growth in new business for the month, in comparison to January last year.