Hanwha Life Vietnam supports community and sales force with $130,430 against COVID-19

CEO Im Dong Jun and members of Hanwha Life Vietnam

Previously, to support its core sales force against the risk of COVID-19 infection, Hanwha Life Vietnam also established the "Hanwha Life – Protecting Companion" Fund worth up to VND2 billion ($86,960). Between May 20 and June 30, agents will receive VND10 million ($435) if they were infected and hospitalised for treatment for fewer than 20 days. If hospitalisation lasts for more than 20 days, they would receive up to VND15 million ($650). For the unfortunate fatalities of COVID-19, the fund will support their families with VND150 million ($6,520).

Sharing about this activity, Im Dong Jun, CEO cum chairman of the Member Council of Hanwha Life Vietnam said, “This action affirms Hanwha Life's commitment as a life insurance company in contributing to the health of Vietnamese people and everyone to overcome the fight against COVID-19. This meaningful and practical contribution demonstrates the company's long-term responsibility to the community and society. At the same time, Hanwha Life Vietnam cooperates with the authorities to defeat the pandemic together."

Im Dong Jun also sent his deep condolences to those falling on hard times due to the pandemic and emphasised that as a life insurance company, Hanwha Life Vietnam is committed to support them both through financial services and social responsibility activities.

Hanwha Life Vietnam is one of the life insurance companies in the market that has been actively supporting measures to stem the tide of COVID-19 since the first outbreak in Vietnam. In 2020, the company sponsored the purchase of almost 9,000 protective suits for medical staff, home healthcare kits for employees, sales force, and customers in different sales areas. The company also spent VND1.2 billion ($52,170) to implement a campaign which supported 1,000 children in difficult conditions due to the impact of COVID-19.

Compare to the same period last year, Hanwha Life Vietnam has achieved a growth of more than 20 per cent in revenue from First Year Premiumand renewal premiums. Until June this year, the company had a net profit of nearly VND200 billion ($8.7 million). Although the interest rate in the Vietnamese market is very low at the moment, causing many difficulties for businesses, the company has also achieved meaningful results in both business and profit which enabled it to carry out many meaningful activities to support the community in the past and in the future.

Hanwha Life Vietnam and all employees are constantly trying to improve the customer service experience to become a leader in the insurance industry in terms of digital technology and sustainable finance while maintaining commitments to customers. At the same time, the insurer is working steadily towards achieving profit in three consecutive years for the first time since entering the Vietnamese market.