Manulife Cambodia and Sathapana Bank sign 15-year bancassurance deal
Phnom Penh, Cambodia – Manulife Cambodia and Sathapana Bank have entered into a 15-year bancassurance partnership which will see Manulife’s insurance products being offered across Sathapana branches nationwide.
This new partnership combines Sathapana’s extensive banking network and customers base with Manulife’s insurance expertise providing customers a one-stop financial centre for both banking and insurance solutions.
“This long-term partnership reflects the shared commitment of our two companies in helping to protect the financial future of more Cambodian families, by providing world-class income protection, savings for children’s education and retirement solutions” said Robert Elliott, Chief Executive Officer and General Manager of Manulife Cambodia.
“Manulife is one of the largest life insurance companies in the world and the first international company to introduce life insurance solutions to Cambodia. Customers can now enjoy the convenience of having access to Manulife's world-class insurance solutions, in addition to our full banking services. I believe this bancassurance partnership will bring greater benefits and peace of mind to our customers" said Norihiko Kato, Chief Executive Officer of Sathapana Bank.
Manulife and Sathapana will focus on working together to develop financial solutions that cater to the needs of an evolving Cambodian population, who are focusing on providing more protection to their families.