Dai-ichi Life Vietnam and Vietnam Post Corporation signed exclusive life insurance agency agreement

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 cities provinces all over the country. At the same time, Dai-ichi Life Vietnam will introduce VNPost products and postal services to its customers. With this strategic alliance, Dai-ichi Life Vietnam continues to make another footprint in the life insurance market by working with prestigious local partners in order to expand new distribution channels to bring the advanced life insurance products and services to the Vietnam people all over the country.

"The cooperation with VNPost is part of our strategy to diversify distribution channels of Dai-ichi Life Vietnam, serving our desire to create opportunities for all people in Vietnam to access to the company's advanced products and services of life insurance, especially those living in rural and remote areas,” Takashi Fujii, chairman of the Member Council of Dai-ichi Life Vietnam, said. “We expect this exclusive partnership will create a solid foundation beneficial for both parties, up-bringing the position of Dai-ichi Life Vietnam and VNPost to a new level on the market through the linking of Dai-ichi Life Vietnam’s Japanese quality advanced financial protection solutions with VNpost extensive distribution network and professional postal service. We are also pleased to announce that this signing, which takes place on the ninth anniversary of the establishment of Dai-ichi Life Vietnam on January 18, will open a new and promising page for the company in the journey to perfect our service quality and to win excellence reputation in the life insurance business in Vietnam.

As the leading postal services provider of Vietnam, VNPost will promote the distribution of superior financial protection products offered by Dai-ichi Life Vietnam to the people through its network of post offices spreading nationwide. At the same time, all customers who joined an insurance policy with Dai-ichi Life Vietnam will enjoy the convenience of paying insurance premium through the collection service at more than 11,000 current service points of VNPost. This will contribute to bring maximum satisfaction for customers, especially those in the remote provinces.

Do Ngoc Binh, chairman of the Member Council of VNPost, said that in the new period, VNPost defined that the sustainable development of life insurance through the post office network has become one among the fundamental services of VNPost, aiming at facilitating the access to life insurance of the people in the remote areas.

“During the forthcoming 15-year cooperation period between VNPost and Dai-ichi Life Vietnam, both parties expect to enhance the position of both parties to a new height, as well as providing the convenient service to all the people nationwide,” Binh said.

As a member of Dai-ichi Life, Dai-ichi Life Vietnam was established in January 2007 and this is the first overseas market where Dai-ichi Life has a life insurance company which it owns 100 per cent of the capital.

Just after nine years doing business, Dai-ichi Life Vietnam has built a solid foundation and maintained its position as one of the top four life insurers in Vietnam, in term of the total premium revenue, serving more than one million customers with the staff of nearly 750 employees and 50,000 professional financial consultants. Dai-ichi Life Vietnam is proud to hold the third place on customer service network with over 170 offices and general agencies throughout the country.

To celebrate its nine-year anniversary, Dai-ichi Life Vietnam has achieved excellent business performance in 2015 with the total premium revenue over VND3.5 trillion, growth of over 40 per cent compared with 2014.

VNPost is an affiliate to the Ministry of Information and Communications, having a tradition of 70 years in operations with over 41,000 staff and nationwide service network with more than 10,000 transaction points, serving millions of customers with its diversified post and communications distribution services.