Prudential Laos and Maruhan Japan Bank Lao Establish Bancassurance Partnership to Help People De-Risk Their Lives.

Prudential Life Assurance (Lao) Company Limited (Prudential Laos) and Maruhan Japan Bank Lao Company Limited (MJBL) today announced the establishment of a long-term distribution partnership that will see the two companies collaborate in the development and distribution of life insurance solutions to the Lao people.

Under the agreement, with immediate effect, Prudential Laos is the first provider of life insurance solutions to the customers of MJBL, the first digital bank in the country. Prudential Laos and MJBL have a shared ambition of helping consumers meet their protection needs and achieve their financial goals by providing them with quality and relevant life insurance solutions.

Mrs. Vandaly Souvannasouck, Head of Legal, Compliance & Risk Management of Prudential Laos, said: “We are delighted to enter into a strategic partnership with MJBL to make insurance and healthcare services more accessible to the Lao people. This partnership represents a great opportunity for Prudential Laos to leverage MJBL’s multi-channel approach and serve their customers by helping them de-risk their lives and securing their financial wellbeing of their beloved family.”

The new strategic partnership will help MJBL’s customers gain access to Prudential Laos’ leading suite of life insurance solutions, through the bank’s branches, as well as via its internet and mobile banking platforms in the near future.

Mr. Anthony Chin, Chief Executive Officer of MJBL, said: “We are excited to partner with Prudential, one of the first life insurance providers in Laos, and a leading financial organization in the world. Our partnership with Prudential Laos will take our bancassurance business to the next level and enhance our reputation in the region. We are pleased to have Prudential Laos on our ongoing journey as we capitalize on each other’s strengths, capabilities and the best practices to help our customers meet their savings and protection needs into the future.”

Find out more about this partnership and Prudential Laos’ comprehensive solutions at MJBL’s branches and online channels, or simply contact Prudential Laos’ Financial Consultants at 021 211 123 or info@prudential.la.