The Hanoitimes - The average premium to GDP ratio by 2020 would reach the maximum of 3%, and 3.5% by 2025. Vietnam insurance market grows 24% in 2018 Hanoi beats 2018 health insurance coverage target Vietnam targets 11% of the population joining life insurance by 2020 and 15% by 2025, up from the current 8%, according to the recently approved scheme on restructuring securities and insurance market until 2020, with vision to 2025 by Prime Minister Nguyen Xuan Phuc. Illustrative photo. According to Viet Dragon Securities Company, the proportion of Vietnamese that have a life insurance package is still low compared to many countries in the region and the world, indicating that this industry still has great growth potential. The middle class is and will continue to grow rapidly (expected to account for 50% of the population by 2035 compared to 11% in 2015). This will be the major stimulus for personal insurance, including life, health and motor vehicle … [Read more...] about Vietnam targets to double life insurance coverage to 15% by 2025
Group life insurance
The company will also pay to injured victims a sum of money based on treatment fees, up to a maximum of VND2.4 billion. Flight carrying bodies of three dead victims will leave Egypt on January 4 and arrive in Tan Son Nhat Aiport in HCMC at 1 a.m. on January 6 First nine Vietnamese victims of Egypt bomb attack came back home. Three people are being treated in hospital in Egypt. Four people have been killed, including three Vietnamese tourists and an Egyptian tour guide, and another 10 injured in a roadside bomb exploded near the bus carrying visitors close to the pyramids in Giza at 18:15 of December 28 (local time). There were 18 people on the bus at that time, including 15 Vietnamese tourists and three Egyptians. Saigontourist Travel Service Company whose customers were killed and injured by the bomb blast sent a group of employees to Egypt to support Vietnamese victims and implement emergency measures to help its guests. By THI HONG – Translated by Kim Khanh … [Read more...] about Egypt bus attack victims receive a maximum life insurance benefit of VND2.4 bil.
Prudential Vietnam’s Pru-Flexicash is designed for young customers looking for a disciplined savings plan. — VNS Photo Viet Nam News HCM CITY — Prudential Vietnam Assurance Co., Ltd has launched Pru-Flexicash, a life insurance solution for young customers looking for a disciplined savings plan. It offers several benefits to customers such as a 5 per cent annual cash payment of the sum assured starting from the second anniversary of the policy and a 200 per cent lump sum payment on maturity. When the policy is in force, customers are protected against total and permanent dismemberment, terminal illness and death, with the beneficiary receiving a lump-sum payment of the sum assured plus bonuses and premiums paid. In the event of an accidental death, an additional 100 per cent of the sum assured will be paid. Clive Baker, chief executive officer of Prudential Vietnam, said: “Enjoying life’s moments whilst saving for the future is the desire of many young … [Read more...] about Prudential launches life insurance product targeting young customers
Minister of Information and Communications Nguyen Bac Son witnessed the signing and valued the signing for cooperation between Dai-ichi Life Vietnam, a member of Dai-ichi Life - the leading life insurance group in Japan, and VNPost - the biggest state-owned postal enterprise, has marked a significant milestone of both enterprises in contributing to the strengthening and enhancing the good relation of friendship and cooperation between the two countries Vietnam and Japan, expressing the humane desires of both parties in bringing long-term and stable social security to the people in all parts of the country, as well as contributing to the strong growth of the insurance industry and Vietnam's economy. With this contract, for the next 15 years, Dai-ichi Life Vietnam will be the exclusive business partner providing life insurance products through the VNPost’s network of post offices in 64 provinces all over the country. At the same time, Dai-ichi Life Vietnam will introduce VNPost … [Read more...] about Dai-ichi Life Vietnam and Vietnam Post Corporation signed Exclusive Life Insurance Agency Agreement
Manulife Vietnam, Vietnam’s largest insurer in terms of charter capital, was just honoured at the Golden Dragon Awards as the “The Best Life Insurance Service” by Vietnam Economics Times Group. Manulife Vietnam wins The Best Life Insurance Service Award for ninth year This is the ninth time the company receives the prestigious award for its continuous contributions to the Vietnamese economy through providing excellent insurance services, placing the customers in the centre of all operations, and enhanced community-oriented activities. “In pursuit of our customer-centric strategy, Manulife Vietnam has intensively invested into improving service quality to improve customer experience, constantly expanding our operational network across the country, as well as teaming up with prestigious partners to boost the number of transaction offices to better serve customers and roll out new products,” said Paul George Nguyen, CEO of Manulife Vietnam. … [Read more...] about Manulife Vietnam wins Best Life Insurance Service award for ninth year