Logo of Phnom Penh Post newspaper Phnom Penh Post - Prudential Cambodia awards students for best financial planning essay in Khmer language

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

Content image - Phnom Penh Post
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

Content image - Phnom Penh Post
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.

Content image - Phnom Penh Post
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.

Content image - Phnom Penh Post

MOST VIEWED

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • AstraZeneca jabs touch down in Phnom Penh airport

    The first shipment of 324,000 doses of the AstraZeneca/SII vaccine which was provided through the Covid-19 Vaccines Global Access (COVAX) Facility was delivered to Phnom Penh International Airport on March 2. The rest of the COVAX provided vaccines will arrive in Cambodia at a later date.

  • Preah Sihanouk hit with travel ban

    Preah Sihanouk Provincial Administration has announced a temporary travel ban to and from the province, except for ambulances and trucks transporting goods. The announcement came after prime minister Hun Sen called on people in the province to travel only if necessary, and that people not