Country’s First Life Insurance Firm Enters Market
The first company to offer Cambodians life insurance will launch on May 21, an official at the company said yesterday, though experts said the firm could struggle to make good profits in a market where fraudulent claims and limited customers could become a stumbling block. Cambodia Life Insurance Co., which is 51 percent owned by the government and 49 percent owned by private firms from Indonesia, Thailand and Hong Kong, will offer health insurance services as well as fixed-term and full life cover, said In Meatra, general manager at Cambodia Life. “The new life insurance will be used to cover fees used for education, medical treatment and risk prevention for families,” he said. “We need to give life insurance to our loved ones, including our children and wives.” …
