Health Insurance for HR leadership in Cambodia

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Cambodia’s first Social Security body was actually set-up as early as 1955 but the Khmer Rouge and the country’s years of reconstruction had postponed a wide implementation. Today, the National Social Security Fund NSSF is spreading out to companies but some corporations are also relying on Group Private Medical Insurance to offer more benefits and increase employees’ loyalty. 

As of 2024, Cambodia has more than 15 Insurance companies providing health insurance solutions that are mainly dedicated to the corporate segment.

HR Managers do face multiple challenges in fully satisfying employees with strict budgets.

Here are some of the major points for the HR leadership to look into:

Cambodia’s local practices show that price is often the only factor in the choice of the Insurer/ plan. However, HR leadership should keep in mind that upgrading from a few dollars may allow additional benefits such as Maternity or Worldwide cover that will be highly valued.

Finally, build a trusted relationship with your Insurer. Sharing anonymous claim data and having real conversations will allow you to maintain stable Premiums in the long run.