Prudential Cambodia launches ‘PRUSave’
for combined savings and life insurance coverage
Prudential Cambodia, one of the largest life and health insurance in Cambodia, has announced the launch of its new financial product – PRUSave – providing both savings and life insurance coverage in one solution with greater affordability.
PRUSave helps to build financial discipline as policyholders set aside fixed amounts for single, monthly, or yearly commitments starting at $5 per month or $30 per year.
Policyholders will receive a guaranteed lump sum when the policy matures and potential returns from the non-guaranteed interest. In addition, policyholders will also get protected throughout the entire saving journey.
“Prudential Cambodia is continuing to launch market-leading products that increase both financial protection and inclusion through addressing common barriers to insurance purchase such as cost and convenience,” Sanjay Chakrabarty, Chief Executive Officer of Prudential Cambodia, said.
“Our new PRUSave financial product helps Cambodians develop consistent savings while also ensuring they and their family are properly protected from the unexpected,” he added.
Easy to buy and simple to claim
Policy buyers for PRUSave do not require any medical checkups. The policy will be instantly issued after the holder completes all required information; the plan can be purchased fast and easily on Prudential Cambodia’s website.
PRUSave protects policyholders for death and/or Total and Permanent Disability (TPD), and a non-guaranteed return of up to 111% of total premiums paid at policy maturity.
Those eligible to purchase the plan are Cambodian citizens or those who have been residents in Cambodia for at least 6 months and with a residential address in Cambodia, aged from 18 – 45 years old.
The policy term of coverage is 6 years and can be automatically extended to an Extended Accumulation Period that can be up to a maximum of 6 years.
Prudential advancing financial inclusion in Cambodia
Advancing financial inclusion in Cambodia has been a driving mission for Prudential since its establishment in 2013. Two of Cambodians’ most common barriers to insurance purchase are cost and convenience . Prudential is addressing this by offering simple and affordable digital insurance products starting at a minimum of $10 per year.
Prudential’s flagship artificial intelligence-powered health and wellness mobile app, ‘Pulse’, enables customers to purchase most life insurance policies within five minutes at the point of sales. Pulse also helps assess and approve claims more quickly, providing customers with timely access to funds when they need them most.
With its purpose to help people get the most out of life, Prudential leverages its digitally enabled multi-channel distribution platform to make healthcare affordable and accessible and promote financial inclusion.
For more information on PRUSave, customers can contact the Prudential hotline at 1800-212223 (toll- free) or click the link here.