Cambodia Investment Review
From today onwards, all customers will receive a free life insurance policy from iCare Benefits Cambodia.
On the afternoon of the 24th of October 2022 at Forte Life Assurance headquarters, a Memorandum of Understanding was signed between Forte Life Assurance and iCare Benefits Cambodia by Mr. Alex Lee, Chief Executive Officer of Forte Life Assurance and Ms. Meas Molika, Group Chief Executive Officer of iCare Benefits.
Ms. Meas Molika said during the signing ceremony, “iCare Benefits is always looking for ways and strategies to provide benefits and value-added services to our customers so that they can use our products and services with satisfaction and trust as well as to do our part towards the financial inclusion of our customers.” She added that “Today. We are proud to have partnered with Forte Life Assurance to offer free Life insurance policies to our clients.”
“Through this signing, I sincerely hope that our customers will be more satisfied and confident in the services and products of iCare Benefits and the insurance protection provided by Forte Life, a subsidiary of Forte Insurance, which has been established in Cambodia since 1999, ” said Ms. Meas Molika.
Mr. Alex Lee, said that “We are delighted to partner with iCare Benefits, one of the largest retail technology social-enterprises which supply electronic products to middle-class and lower-middle-class Cambodian families, especially factory workers.”
“Through the partnership of the two companies, we hope that it will improve the lives of the Cambodian people to a better future because this signing will not only benefit the use of life insurance policy for free, but also it will give Cambodians a better understanding of the benefits of the life assurance, which is financial protection for families in any unpredictable events,” said Mr. Alex.
It is noticeable that the partnership between the two companies is not only to provide free life insurance cover to the customers, but all customers of iCare Benefits will also receive additional special benefits such as interest-free payments for products for up to 6 months.
It is acknowledged that Forte Life Assurance is a Life Insurance Company with more than 600,000 customers and has paid claims to more than 50,000 customers for the amount of USD 2.7 million. Forte Life Assurance offers life assurance products such as Life Protect, Life Education, Group Term Life and Group Comprehensive Care.
iCare Benefits is a large retail technology social-enterprise focused on low and middle-income factory workers in developing countries.
iCare products and services empower factory workers who are earning between $100 and $400 per month, by providing them with the lowest total costs of ownership for everyday products and services, thus providing a better life for themselves and their families through iCare’s Buy Now Pay Later (BNPL) solution.