Acleda Bank and Prudential Cambodia on Friday signed a strategic partnership that enables Prudential policyholders to pay life insurance premiums via the mobile app ‘Acleda Unity ToanChet’.
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Prudential Cambodia customers with bank accounts at Acleda can now enjoy a seamless premium paying experience using their mobile devices, which will save them time and eliminate the hassle of visiting a bank branch, Prudential said.
Prudential Cambodia CEO David Nutman said the app is another example of Prudential Cambodia’s efforts to leverage technology capabilities to create a convenient, reliable and secure payment process for its customers across the Kingdom.
“In line with Prudential Cambodia’s new brand initiative ‘We Do Innovation’, we are committed to enhancing our digital capabilities to meet the evolving needs of our customers.
“Our longstanding partnership with Acleda Bank has helped us add the Acleda ToanChet app to our list of policy payment options and enabled us to take a stride forward in delivering a seamless digital experience to customers.
“For more than five years, Prudential Cambodia and Acleda Bank have worked together to provide financial security as well as comprehensive health and financial protection to our growing base of customers,” Mr Nutman said.
Since establishing operations in 2013, Prudential Cambodia has issued over 150,000 policies, demonstrating the company’s commitment to serving the protection needs of Cambodians and securing their long-term future, Mr Nutman said.
Acleda Bank launched its ToanChet mobile app in 2017 as part of its commitment to making banking services more convenient and accessible to the Kingdom. As one of Cambodia’s largest banks, Acleda Bank had more than 2.5 million clients and $5.7 billion in total assets as of December 2018.
Dr In Channy, Acleda Bank’s president and group managing director, said, “Acleda Unity ToanChet is the best choice for Prudential Cambodia’s customers to conduct payments in a secure and efficient way.”
Prudential Cambodia is confident that the adoption of the innovative and paperless solution will set new standards in Cambodia and step up the company’s effort to promote financial inclusion in the country.
Prudential Cambodia recently unveiled its new campaign ‘We Do’, anchored in a commitment to protect customer’s health and financial security. Based on the slogan “Listening. Understanding. Delivering,” the campaign focuses on a variety of topics, including innovation, money, and fitness.
Gross premiums in the insurance industry rose 30 percent last year, mostly driven by life insurance sales, the Insurance Association of Cambodia (IAC) said in its latest report.