KOKO, Sri Lanka’s leading Buy Now, Pay Later (BNPL) platform, has partnered with Ceylinco General Insurance to launch a customised medical insurance solution developed exclusively for KOKO customers.
The partnership brings together Ceylinco General Insurance’s extensive experience in health insurance and KOKO’s understanding of its customer base to create a medical protection offering tailored to the digital lifestyles and financial needs of KOKO users.
Rather than adapting a conventional health insurance product for the platform, the new offering has been developed specifically as a value-focused solution for KOKO customers, with an emphasis on affordability, accessibility and a simple digital activation process.
The policy provides medical insurance coverage of up to USD 40,000, offering protection against hospitalisation, treatment costs and other significant medical expenses.
The insurance solution is offered under the Ceylinco Suwa Sampatha brand, providing KOKO customers with access to an established hospitalisation and surgical insurance product. Suwa Sampatha includes access to an extensive hospital network, direct cash settlements to hospitals and reimbursement of eligible hospitalisation and surgical expenses at both private and government hospitals.
Commenting on the partnership, Michael Sathasivam, Regional CEO of KOKO, said the initiative reflects the company’s focus on understanding customers’ everyday needs and developing solutions that simplify their financial lives.
“Access to healthcare protection is an important part of financial wellbeing, yet traditional insurance products can often feel complex or disconnected from people’s daily experiences. Through our partnership with Ceylinco General Insurance, we have developed a medical insurance offering specifically designed around KOKO customers, bringing together trusted insurance expertise with the convenience of a digital-first platform,” he said.
Sathasivam added that the partnership represents KOKO’s continued effort to expand the value it delivers beyond payment services by connecting customers with solutions that support their evolving financial and lifestyle needs.
The partnership also represents an extension of KOKO’s broader mission to make essential services more accessible through digital convenience. Having established its platform around simplifying payments and providing greater purchasing flexibility, KOKO is now expanding its role in customers’ everyday financial wellbeing by offering access to a trusted medical insurance solution.
DFCC Bank Expands Financial and Lifestyle Benefits for John Keells IT Employees
DFCC Bank has partnered with John Keells IT to extend its Employee Banking Proposition to the company’s workforce, offering employees access to a broader range of financial solutions, privileges and services tailored to their personal, lifestyle and family requirements.
The partnership was formalised through a Memorandum of Understanding (MoU) and covers a range of benefits, including enhanced salary account privileges, personal and housing loans, credit and wealth management solutions, family-oriented financial services, lifestyle benefits and digital banking facilities.
The DFCC Employee Banking Proposition goes beyond the conventional salary account by providing employees with financial solutions designed to support different stages of their financial journey. From managing day-to-day expenses and purchasing a home to building wealth and planning for future family needs, John Keells IT employees can access a range of services through a connected banking relationship with DFCC Bank.
The partnership also provides an opportunity for DFCC Bank to work closely with the John Keells IT Human Resources team to better understand the financial requirements of different employee segments. This includes facilitating access to relevant banking solutions and simplifying selected processes related to employee and payroll banking requirements.
Asitha Pinnaduwa, Vice President and Head of Products and Propositions, Retail and Business Banking at DFCC Bank PLC, said employee banking is increasingly moving beyond the traditional salary account model.
“Employees increasingly expect financial solutions that reflect their lifestyles, ambitions and family needs, while organisations are placing greater emphasis on employee financial wellbeing. Through our partnership with John Keells IT, we are bringing these priorities together in a proposition that creates practical and lasting value for employees and the organisation,” he said.
KOKO and Ceylinco Insurance Launch Sri Lanka’s First Medical Insurance Plan Tailored Exclusively for KOKO Customers
