Chubb Life Vietnam launches two new Universal Life insurance products

October 30, 2019 | 18:36

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Chubb Life Vietnam has recently launched two universal life insurance products, including "Critical Illness Universal Life – Individual Plan" and "Critical Illness Universal Life – Family Plan". With these new solutions, Chubb Life hopes to alleviate the financial burdens of families whose breadwinner suffers from a critical illness and provide them with financial security and peace of mind.

chubb life vietnam launches two new universal life insurance products

Besides health concerns, Chubb Life Vietnam understands that expenses for medical care and treatment can be a substantial financial burden for the family

Lam Hai Tuan, chairman and country president of Chubb Life Vietnam, said, “Critical illness presents a major risk to families, especially if the breadwinner falls ill. Besides health concerns, expenses for medical care and treatment can be a substantial financial burden on the family. With this in mind, we developed two solutions with critical illness benefits integrated into our universal life insurance products. This means we can ease the financial stress from breadwinners if they fall ill so they can focus on their health.”

These two products provide policyholders with sustainable financial solutions to manage the risk of accidents and critical illnesses.

Critical Illness Universal Life – Individual Plan

Critical Illness Universal Life – Family Plan

Comprehensive protection in case of an accident and 86 critical illnesses
Loyalty Bonus as of 25 per cent of the accumulated interest will be paid every four years
100 per cent of the cost of insurance will be refunded at the age of 75
Zero allocation fee and partial withdrawal fee on Excess Premium Account
Critical Illness Second medical opinions assistant service
Worldwide Medical Assistance Services

Protection for the whole family in case of an accident and 96 critical illnesses
Automatic cover for infants born within the policy term at no additional cost
Loyalty Bonus as of 25 per cent of the accumulated interest will be paid every four years
100 per cent of the cost of insurance will be refunded when the age of the main Life Insured reaches 75
Zero allocation fee and partial withdrawal fee on Excess Premium Account
Critical Illness Second medical opinions assistant service
Worldwide Medical Assistance Service

These new products are another example of Chubb Life Vietnam’s continued commitment to responding to customer’s changing needs with innovative solutions. Multiple technological projects have been implemented for the agency force, helping to strengthen Chubb Life’s image as a professional financial and insurance consultant in the digital age and delivering effective business management and outstanding customer experience.

By Tan Duong

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