Bancassurance Business

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.

  • LOLC obtained bancassurance business permission from National Bank of Cambodia (NBC) on 06th December 2021
  • LOLC obtained agent license from Insurance Regulator of Cambodia (IRC) on 17th February 2022
  • LOLC rolled out bancassurance business to all of its branches on 01st March 2022.