Aiming at enhancing financial inclusion by increased accessibility of insurance services to the public and strengthening consumer protection, LOLC (Cambodia) Plc have agreed to become the bancassurance partner (Corporate Agent) with Serendib Microinsurance Plc. In this partnership Serendib Microinsurance, microinsurance business license, and LOLC is providing micro credit life insurance to its micro loan borrowers whose loan size is up to 20 million riels or equivalent in other currencies.
| Feature | Description |
|---|---|
| Insured | 1 Borrower and/or 1 co-borrower |
| Beneficiary | The insured/ relatives |
| Age | Up to 60 years old |
| Sum-insured | Up to 20 million riels or equivalent in other currency |
| Death by Accident or Non-accident | Outstanding principal |
| Total Permanent Disability by Accident or Non-accident | Outstanding principal |
| Insurance duration | Up to 1 year (Annually renew) |
| Premium per life | 0.5% of Outstanding principal |
| No | Indicators | Micro credit life insurance | Total | |
| Q1 2022 | Q2 2022 | |||
| 1 | Insurance Policy | 10,322 | 32,200 | 42,522 |
| 2 | Number of insured person | 16,184 | 51,146 | 67,330 |
| 3 | Sum-insured ($) | 18,854,806 | 55,016,681 | 73,871,487 |
| 4 | Premium ($) | 145,941 | 431,988 | 577,929 |
| 5 | Number of Claim Incurred | 1 | 24 | 25 |
| 6 | Claim Amount Incurred | 1,236 | 47,808 | 49,044 |
LOLC
(Cambodia) Plc. has been serving Cambodian public and society for over 28 years,
and has been recognized by both local and international financial authorities. Our
products and services are committed to improving the livelihood of Cambodian
customers.
#666B, Street 271, Kbal Tumnub Muoy Village, Sangkat Boeng Tumpun 2, Khan Mean Chey, Phnom Penh, Cambodia.
023 991 991
023 991 991
Web Mail
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