Logo of Phnom Penh Post newspaper Phnom Penh Post - ABA launches Fixed Deposit with free Life and Accident Insurance from Manulife

ABA launches Fixed Deposit with free Life and Accident Insurance from Manulife

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ABA launches Fixed Deposit with free Life and Accident Insurance from Manulife

ABA Bank, the largest Cambodian commercial bank by total assets, gross loans, customer deposits and profitability based on the National Bank of Cambodia’s Annual Supervision Report 2021, introduced a Fixed Deposit account with life and accident insurance from Manulife to offer the benefits of saving with a competitive interest rate and free insurance coverage.

ABA customers who open a 1-year Fixed Deposit account over the counter or through the ABA Mobile app will get instant insurance protection from Manulife Cambodia in case of death and total disability equal to the amount of their Fixed Deposit (capped at 50,000 USD or 200,000,000 KHR).

The customers of ABA are entitled to insurance without the medical check-up requirement, which is normally required when insurance is purchased directly from the insurance company. The insurance certificate is available to the depositor in electronic format and can be downloaded from their ABA Mobile for future reference.

Chief Executive Officer at ABA Bank Askhat Azhikhanov commented on the launch, “We believe this joint service from ABA Bank and Manulife Cambodia is the right fit for customers who seek the best financial plan with adequate life insurance. Customers can now open ABA Fixed Deposit with an attractive interest rate and receive a complete life and accident insurance package from our partner Manulife at zero cost.”

“This integration highlights continuous support of our customers’ well-being and the Bank’s partnership with Manulife Cambodia to provide convenient access to life insurance products,” he added.

For further information on the Fixed Deposit with free Life and Accident Insurance, call ABA toll-free number 1 800 203 203 or Manulife’s customer service hotline at 023 965 999.

Customers who wish to open their first ABA account can do so on their smartphone by downloading ABA Mobile and opening an Instant Account (a valid Cambodian ID card and phone number are required).

About ABA Bank

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ABA Bank was founded in 1996. With 81 branches, 30 ABA 24/7 self-banking spots, more than 1,000 self-banking machines and advanced online and mobile banking platforms, ABA Bank reaches out to millions of customers with an array of modern financial services.

As of 30 September 2022, the bank’s total assets reached 8.7 billion USD, whereas the total volume of digital transactions on the ABA Mobile app in 2022 alone totaled almost 127 billion USD.

ABA owns B+ credit rating with ‘Stable’ outlook from the S&P Global Ratings agency.

The Banker, Euromoney, Global Finance, and Asiamoney international financial magazines recognized ABA’s efforts to bring the very best services and products to its clients and bestowed “Best Bank in Cambodia” titles upon the Bank since 2014.

The bank’s major shareholder is National Bank of Canada. It is the sixth largest bank in Canada and the leading bank in Quebec where it is the partner of choice among SMEs. For more info, visit www.nbc.ca

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