AMK and Forte Recognize Top Staff and Branches for Health and Accident Insurance Sales

Microfinance institution AMK and Forte Life Insurance Company held a ceremony at AMK’s head office to present awards and certificates of appreciation to outstanding branches and credit officers for their microinsurance sales. The event took place on the afternoon of May 3, 2024, to recognize and encourage the branches and credit officers for their past efforts to sell microinsurance to AMK loan customers.

Mr. Kea Boran, Chief Executive Officer of AMK Microfinance Institution, said insurance plays a very important role in helping to reduce poverty and promote inclusive economic development in families, society and the country as a whole. Insurance provides protection against financial burdens, because we do not know what may happen to us or our families in the future. As of March 2024, AMK had issued approximately 2.3 million insurance policies and paid out more than US$6 million in total claims.

He added that he was very pleased and proud of all the branches and credit officers who had worked hard and fulfilled their responsibilities well. He said he would continue to encourage all AMK credit officers and staff to keep striving to achieve even better results.

Mr. Pro Sithon, General Manager of Forte Life Insurance Company, said that purchasing insurance policies for AMK customers helps significantly reduce the risks faced by borrowers. If something happens to a customer who is the family’s main breadwinner, the insurance company assumes the resulting liabilities and risks, helping to ensure the family does not face hardship. 

It should also be noted that AMK has partnered with Forte Life Insurance Company to provide microinsurance, known as health and accident insurance, to customers who take out loans from AMK since 2014. The main goal and shared vision of this partnership is to help protect customers and their families from serious risks, as health issues and accidents are significant risks faced by low-income households. In general, the cost of microinsurance for AMK loan customers is less than 100 riel per day, or just 2,500 riel per month, to provide protection for each family member for one year.