Prudential Cambodia and PPCBank celebrated the fifth anniversary of their bancassurance partnership by extending their Memorandum of Understanding (MoU) for another five years.
Since 2020, the collaboration has elevated life insurance accessibility in Cambodia, providing families with financial security and peace of mind.
The renewed MoU underscores their shared vision of making life insurance solutions more accessible to Cambodian families while integrating innovative technologies and championing financial literacy.
Together, PPCBank and Prudential Cambodia have protected more than 1,000 customers and paid US$25,000 in claims, directly contributing to resilient communities and a brighter future for Cambodia.
"The extension of our MoU reflects the strength and success of our partnership," said Mr Lee Jin Young, President of PPCBank.
"Over the past five years, we have made a tangible difference in the lives of our customers, and this next chapter enables us to expand offerings, leverage innovative solutions, and continue supporting Cambodian families with financial protection," he added.
Recent advancements include the integration of insurance payments into PPCBank's mobile banking platform, enabling customers to manage their insurance conveniently through the PPCBank Mobile App. This innovative feature has simplified access and improved user experiences.
In addition to offering cutting-edge solutions, the partnership prioritises sustainable growth by investing in the professional development of insurance consultants and promoting financial literacy across Cambodia.
"We are thrilled to celebrate five successful years with PPCBank," said Mr Ponlu Tola, CEO of Prudential Cambodia. "This renewed MoU solidifies our commitment to empowering Cambodian families and delivering peace of mind through accessible and reliable financial protection."
"Every policy we provide is more than a product – it's a promise of resilience, security, and brighter futures," he emphasised.
The renewed MoU marks a significant milestone in PPCBank and Prudential Cambodia's partnership, positively impacting thousands of families. As the collaboration enters its next phase, both companies are steadfast in their commitment to empowering lives, fulfilling dreams, and shaping Cambodia's future, reported The Phnom Penh Post.