New life insurance product launched
Cambodia’s nascent life insurance market grew slightly after Manulife Cambodia launched the Manulife Savings Protector yesterday. Combining savings and protection, it will provide life protection for 10 or 15 years to create an estate for relatives in case of untimely death and offer benefits from annual dividends left on deposit with the company, which accumulate with interest, Robert Elliott, CEO of Manulife Cambodia said at a press conference yesterday. “Essentially, what the client is buying is a savings protection policy,” Elliott said, adding that it protects their life and also allows people to save money systematically over a period of 10 to 15 years. …
