Dai-ichi Life Vietnam to increase its chartered capital to $100 million

January 19, 2016 | 11:46

(0) user say

Dai-ichi Life Vietnam has officially received the amended license issued by the Ministry of Finance, approving the company to increase its chartered capital from $72 million up to $87 million.

Following this, Dai-ichi Life Vietnam is progressively preparing the next step to increase it chartered capital to $100 million, to be completed in the first quarter of 2016.

This is the second time after nine years of operations, Dai-ichi Life Vietnam increases its chartered capital for the purpose of business expansion and investment, marking a significant milestone in its journey to become the leading provider of life insurance products and services in Vietnam. With the chartered capital of $100 million, Dai-ichi Life Vietnam will become one of the leading life insurance companies in terms of market capital in Vietnam.

"We are happy that our mother company Dai-ichi Life Japan has trusted and injected more capital to meet our demand of expanding the sustainable business in Vietnam,” Takashi Fujii, chairman of the Member Council of Dai-ichi Life Vietnam, said. “Looking forward to the 10th milestone of being a lifetime partner to Vietnamese people, we are committed to sparing no effort to develop our available resources, to continue our expansion of business network as well as to improve our service quality in order to reach 10 per cent market share in the life insurance industry by the end of 2016”.

Founded in 1902, Dai-ichi Life is one of the leading life insurance companies in Japan and around the world with total assets worth $414.7 billion, insurance premium revenue of $45.2 billion as of March 31, 2015. Besides Vietnam, Dai-ichi Life is promoting its life insurance business in India, Thailand, Australia, Indonesia and the United States.

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 terms 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 rank on its customer service network with over 170 offices and general agencies throughout the country.