GC Life Insurance Opens New Head Office Building
GC Life Insurance celebrated the opening of its new head office building today in the heart of Phnom Penh. The new location was selected to allow for the expansion of business and the growth of the team. The new space has been modernly designed to allow for better collaboration and focuses on employee wellbeing to be able to deliver exceptional services to all Cambodians.
“The life insurance business is a long-term financial promise that requires great commitment and support from all stakeholders to develop an unwavering relationship with our customers. Today’s opening of our new head office reaffirms our long-term commitment to Cambodia and represents a strategic expansion of GC Life so that we can offer the best products and services in the market to better serve Cambodians” said Mr. Michael Tee, CEO of GC Life.
In addition, His Excellency Mr. Bou Chanphirou, Director General of the Insurance Regulator of Cambodia stated “Cambodia’s insurance industry has been significantly growing with an average growth rate of 20% over the last five years. Specifically, the life insurance market has also achieved an astonishing result which contributed tremendously to the growth of the insurance industry in Cambodia. GC Life has a clear vision towards the growth and development of Cambodia’s insurance market which has more potential for growth compared to the other markets in the region.”
Expanding their distribution channel and accelerating digitalization, GC Life also launched its first online life insurance product GC MultiProtect Online on the same day with the new head office opening. GC MultiProtect Online is a 5-year term life insurance product that provides coverage with up to 400% of the sum insured through a one-time single premium payment. The application process is simplified and developed to be user friendly where in less than 10 minutes you can be covered by applying online through your smart device on GC Life’s website.