Prince Bank’s partnership For Improve the Cambodia development

 AIA (Cambodia) Life Insurance Plc (“AIA Cambodia”) and Prince Bank Plc today entered a bancassurance partnership to offer customers a convenient one-stop service and the opportunity to effortlessly access a wide range of best-in-class insurance and banking solutions.

The signing rite became attended by means of his excellency Bou Chanphirou, the director-well-known of the coverage regulator of Cambodia Prince Chenzhi, his excellency Rath Sovannorak, director widespread of banking supervision of countrywide bank of Cambodia, Mr. Huy Vutharo, chairman of the insurance affiliation of Cambodia, Neak Oknha Cambodia Chenzhi Prince Group, Mr. Bun yin, deputy chairmen of the association of banks in Cambodia, senior management from the aia institution, aia Cambodia, prince financial institution, and the primary 5 clients of the partnership.

The five-yr agreement among the two main corporations will make coverage effortlessly available and provide enhanced financial planning enjoy that emphasizes lengthy-time period monetary protection. Aia’s comprehensive life and health plans will be on hand at prince bank’s 32 branches in 22 provinces national.

The collaboration builds on the insurer’s bancassurance strategy to accomplice with leading economic establishments to elevate coverage cognizance and penetration. As Cambodians emerge as more knowledgeable approximately health and well-being, the partnership permits AIA Cambodia to supply professional consultation, exceptional solutions, and sound economic advice to prince financial institutions’ consumer base as they fulfill their banking desires.

His excellency Bou Chanphirou, director fashionable of the insurance regulator of Cambodia stated: “i am happy to notice that this partnership is aligned with and helps the royal government’s strategies to beautify our financial zone and make sure financial stability. It leads to accelerated economic inclusiveness for Cambodians as well as offers them more get entry to insurance, that could only gain them in the long run.” at the rite, his excellency rath Sovannorak, director fashionable of banking supervision of countrywide bank of Cambodia said: “in this context, the partnership among prince financial institution percent and aia existence coverage business enterprise (Cambodia) in selecting bancassurance commercial enterprise (referral model) contributes to monetary region development and financial inclusion enhancement via increasing public access to economic service, strengthening purchaser safety and promoting financial literacy.”

Mr. Andrew Loh, chief govt officer of AIA Cambodia said: “our partnership gives an expedient, stress-free enjoy to prince financial institution clients, which aligns with our purpose to assist Cambodians stay healthier, longer and better lives. That is additionally a welcome beginning for us to offer stronger fee by means of sharing how insurance can positively affect health and economic safety within the gift and future.

Mr. Honn Sorachna, leader executive officer and coping with director of Prince bank said: “as a cambodia bank that received multiple awards and recognitions from worldwide businesses, our customers have come to rely on us to supply world-elegance services and products that provide introduced value to them. By means of partnering with one of the global’s leading coverage companies, we will be capable of providing our customers get right of entry to high excellent, tailored lifestyle coverage products, and offerings that provide them safety ideal to their needs.”

“From a business perspective, AIA Cambodia and Prince Bank will leverage and exchange technological expertise and market familiarity to diversify distribution channels and expand our client portfolio in keeping with our pledge to accelerate growth in the insurance and bancassurance industries.”

For more information on AIA Cambodia’s offerings via Prince Bank and how they help you plan and save for the future, please visit any Prince Bank branch, contact AIA Client Care at 086 999 242 or visit aia.com.kh.

For more information about Prince Bank products & services, please contact 1800 20 8888, visit http://www.princebank.com.kh or visit our branches located nationwide. Read more