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Prudential Cambodia awards students for best financial planning essay in Khmer language

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All the top 10 winners of the competition with representatives from Prudential Cambodia, Ministry of Economy and Finance, and the Royal University of Phnom Penh.

Prudential Cambodia awards students for best financial planning essay in Khmer language

Since establishing operations in Cambodia in 2013, Prudential Cambodia has been committed to raising awareness of the importance of life insurance across the Kingdom. Clear communications with our customers and employees is key for Prudential Cambodia, as we strive to ensure that the benefits of long-term financial protection are well understood.

Recently, Prudential Cambodia invited students in the Khmer Literature department at the Royal University of Phnom Penh (RUPP) to participate in a competition and write an essay in Khmer about the importance of financial planning. We initiated this competition to share our passion for the language and education, and we are delighted with the results.

The winning essay, selected by our panel of esteemed judges, was submitted by Sek Thida, a junior student at RUPP.

We are pleased to translate and share the excerpt of the full article here. It is also published on Prudential Cambodia’s official website https://tinyurl.com/vxwrjqf

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Prudential Cambodia CEO David Nutman (left) presents the third prize to second runner-up, Un Youvoneat.

Youth can promote knowledge of life insurance in community

By Sek Thida (RUPP Student)

Young people are an important driving force in the development of all sectors of society, including the economy, agriculture, industry and tourism; none of these can advance without the participation of young people.

Young people are vital members of their families and the whole nation; they need to have long term visions and dreams for their future. To achieve their goals, they have to plan well. Life insurance companies offer full insurance policies and trust. If the young people understand them well, it will be easier to plan for their future.

In addition, young people build the society by contributing creative and innovative ideas. Young people who understand life insurance services well will promote their knowledge in the community and help others learn about the benefits.

The Royal Government has encouraged young people to take on social responsibilities, as they are an important force to drive the development of the country. There are many life insurance companies in Cambodia. This proves that life insurance services are essential for the Khmer society and young people should pay more attention and learn about these services.

Furthermore, life insurance services provide many benefits to young people, their families, as well as the whole nation, as we never know what will happen and whether we will be lucky or unfortunate in the future.

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Sek Thida (second left), receives the first prize from Dr Um Ravy, vice president of Royal University of Phnom Penh.

Nowadays, life insurance offers many benefits to the families, providing trust and security, helping them achieve their goals and lead them to happiness. It also helps protect finances, providing money to the family in case of fatal accidents. If there are no unfortunate events, a life insurance policy can help save money, enable the family to achieve their dreams and cover tuition fees for the children.

Buying life insurance is a great choice, because it provides a clear plan for the future. Prudential Cambodia, Cambodia’s leading life insurance company, offers trust to their customers by providing accessible insurance services and long term financial protection for 10, 12 and 15 years, or even longer.

An insurance claim will be paid to a family, according to a contract, if the breadwinner of the house passes away in an accident or due to illness. With life insurance, families can pursue their dreams by supporting their children’s education, save for retirement or other important goals. In case there is no unfortunate event befalling to its customers, Prudential Cambodia would pay them the maturity benefit at the end of policy term.

Life insurance services not only provide protection to families, it also offers many other benefits. If our society trusts life insurance companies, all sectors can develop better as people can live happily with a clear overview of their incomes and expenditures, thereby improving the financial situation of the family and facilitate the development of the country’s economy as a whole.

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