The University of Vavuniya formalised a key MoU signing with LOLC Life Assurance and LOLC General Insurance on 25th June 2025. The ceremony took place at the University of Vavuniya. The Department of Marketing Management, Faculty of Business Studies, led this collaboration. This agreement marks a significant step in strengthening industry-academic partnerships in Sri Lanka.
MoU Signing – University Vavuniya & LOLC Partnership
This MoU signing between the University of Vavuniya and LOLC Life creates a formal framework for mutual collaboration. Furthermore, it opens doors for students to gain hands-on industry experience in insurance, financial services, and business development. The partnership aims to benefit students, academic staff, and the broader community.
Representatives at the Ceremony
University of Vavuniya:
- Vice Chancellor
- Registrar
- Dean, Faculty of Business Studies
- Dean, Faculty of Technological Studies
- Heads of Departments
- Assistant Registrar
- Academic Staff, Department of Marketing Management
- Students
LOLC Life Assurance & LOLC General Insurance:
- Head of Agency Development and Administration
- Associate Manager, Human Resources
- Deputy Zonal Manager, Business Development
Key Benefits of the MoU
The MoU signing creates a platform for collaborative initiatives between the University of Vavuniya and LOLC Life. In addition, students gain access to real-world business exposure, internship opportunities, and industry mentorship. Consequently, this partnership strengthens graduate employability and supports the university’s vision for industry-engaged education.
Key areas of collaboration include:
- Internship and placement opportunities for Marketing Management students
- Guest lectures and industry workshops
- Joint research and community outreach initiatives
- Shared resources and professional development programmes
A Milestone for the Faculty of Business Studies
This agreement reinforces the University of Vavuniya’s commitment to building meaningful industry partnerships. Moreover, it reflects the Faculty of Business Studies’ focus on producing graduates who are ready for the modern workforce. The university looks forward to a productive and long-lasting relationship with LOLC Life Assurance and LOLC General Insurance.
For more news and updates, visit the University of Vavuniya official website.
