Bancassurance RFP – Life Insurance, Sri Lanka

Sri Lanka

Business Case

Our client, a leading commercial bank in Sri Lanka, wanted to run a RFP process for a Life Insurance Bancassurance partnership. The Client wanted a holistic evaluation of bids to include Bancassurance capability and experience, as well as a fit with the Bank, its customer orientation and its operating model.


Clear and transparent assessment methodology


Documented step by step RFP process and requirements


Detailed assessment of proposals


Recommendation and Presentation to Client

Key Outputs

MAGI’s approach for review and assessment of the RFPs is collaborative, with the Client team involved at each stage of the RFP process. As part of the RFP assessment, a systematic process including engagement and meetings with each prospective partner, evaluation of the business plan, due diligence activities, and a valuation of the business was carried out, resulting in a recommendation to the Client.