First Insurance Policy

The coverage of the GC Life product “Offspring Prosperity Insurance” mainly focuses on children’s education annuity benefits and critical illness insurance, while also considering the waiver of premium coverage for the applicant. The payment period for the product is three years, and the education benefit for the child is fully guaranteed until the child turns 22 years old, ensuring worry-free education funding. Additionally, after the payment period expires, the policy provides coverage for the insured against 25 types of critical illnesses, with a sum insured of $7,000 per policy.

After preliminary preparation, the first group of GC Life’s approved products have been available in the market. The products have been highly welcomed by everyone as soon as they were launched. On April 6th, 2018, the first issued policy after the Company’s grand opening was our Offspring Prosperity Insurance product which was part of the first batch of approved products. His Excellency LY Thuch, Senior Minister of the Royal Government of Cambodia who was the applicant of this policy, went to our Company with his family to apply for the policy for his daughter who is 1 year old. He said the coverage of this product is wide, and the premium is moderate which is very suitable for Cambodian families to apply for their children who are under the age of 15.