MFI and Insurance Firm Partner Up

Chamroeun Microfinance Limited and Prevoir Kampuchea Micro Life Insurance PLC (PKMI) on Wednesday joined efforts to provide insurance to those on lower incomes.

The partnership will provide health insurance to its clients at about $0.51 per month for adults and $0.26 per month for those aged between five and 17, said Suon Sophea, the CEO of Chamroeun, at a ceremony at the company’s head office.

“The partnership aims at providing micro health and life insurance services to its low and medium-income clients and their families at a reasonable price because they are mostly poor,” said Ms. Sophea.

Through the partnership, Chamroeun’s customers will be affiliated with 28 public and 48 private health facilities, 60 of which are outside of Phnom Penh, according to Solene Favre, CEO of PKMI.

“PKMI’s insured [customers] can benefit from a cashless treatment at one of the health facilities contracted,” she said.

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