Logo of Phnom Penh Post newspaper Phnom Penh Post - Prudential Cambodia achieves major milestone with 100,000 policies issued

Prudential Cambodia achieves major milestone with 100,000 policies issued

Content image - Phnom Penh Post

Prudential Cambodia achieves major milestone with 100,000 policies issued

Company has been a key driver of insurance industry growth since its launch in 2013

Phnom Penh (24 July, 2017) - Prudential Cambodia, a leading life insurance company in Cambodia, announced in June 2017 that it has reached a major milestone having issued 100,000 life insurance policies in the Kingdom since it began operations in 2013.

The company’s range of life insurance products has been very well-received by Cambodians from all walks of life, from those beginning their financial journeys and planning for their children’s further education, to those looking to enjoy a comfortable and financially-secure retirement.

“Prudential’s achievement of this important milestone is the result of the hard work from all of our people, particularly our staff and financial consultants. We also enjoy a strong and successful partnership with ACLEDA Bank, whose nationwide network and high-quality customer service have been instrumental in the growth of our bancassurance business. But, of course, we reserve our biggest thanks to our customers, who have placed their trust in us to support their financial goals,” said Mr. David Nutman, CEO of Prudential Cambodia.

By offering tailored life insurance products to meet the savings and protection needs of Cambodians, as well as engaging in a country-wide education campaign to build awareness and understanding of life insurance in a nascent market, Prudential Cambodia has also played a key role in driving the growth of the insurance sector in the Kingdom.

“Apart from helping Cambodians protect their families and their financial futures, Prudential is also privileged to be able to play an important role in the development of the Cambodian financial and life insurance sectors, as well as enhance overall public awareness of the need for long-term financial planning,”continued Mr. Nutman.

Beyond its business success, Prudential has also been actively involved in sustainable initiatives in Cambodia, namely through the involvement of the Prudence Foundation, the community investment arm of Prudential in Asia.

Education, especially financial education, is a core value of Prudential and its successful Cha-Ching financial literacy program for children, First Read early years development program, and Safe Schools initiatives have touched thousands of young lives across the country.

In addition, Prudential’s SAFE STEPS Road Safety program, fronted by acclaimed actress Michelle Yeoh, has reached tens of thousands of Cambodians with important messages on safe road usage.

MOST VIEWED

  • Typhoon Noru brings flash floods – 16 dead

    An official warned that that the 16th typhoon of the season, Noru, had brought heavy rains to areas the Mekong River and flooded thousands of homes in the provinces bordering Thailand. As of September 27, the death toll from the flooding had risen to 16. National Committee

  • Siem Reap drain canal now ‘mangrove’ promenade

    A more than half a kilometre long stretch of canal in Siem Reap has been covered and turned into a promenade to attract visitors, said Ly Rasmey, secretary of state at the Ministry of Land Management, Urban Planning and Construction, on September 16. The new pedestrianised

  • Angkor wildlife, aquarium park still to open October

    The Angkor Wildlife and Aquarium complex about 30km southeast of Siem Reap town with initial total investment of more than $70 million is reportedly still on track for an end-October opening. The park is located on a 100ha plot along National Road 6 in Kbon village, Khchas

  • Defence minister reaffirms Kingdom’s staunch support for One-China policy

    Minister of National Defence General Tea Banh has reaffirmed Cambodia’s unwavering support for the One-China policy. Tea Banh was speaking at the September 20 ceremonial handover of 117 vehicles and other military equipment donated by China’s defence ministry, held at Phnom Chumreay International Military Training

  • Thai Senate delegates in Cambodia to discuss anti-graft co-op

    A delegation from Thailand's Senate was in Phnom Penh on September 28 to meet their Cambodian counterparts to discuss strategies for fighting corruption and enhancing cooperation. The Thai delegates were from its Senate’s Committee on Studying and Inspecting Corruption, Misconduct and Strengthening Good Governance. They

  • Deaths due to ‘lifestyle’ diseases rise in Kingdom

    The Ministry of Health has called on people to pay closer attention to their health to protect themselves from non-communicable diseases (NCDs) which it said have caused high rates of deaths in the country. Ministry secretary of state York Sambath made the call at a