Insuring success will continue to be enjoyed

September 24, 2011 | 15:00

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Japan-backed insurer Dai-ichi Life Vietnam has just launched an insurance product that accompanies with high saving interest rates.

The new product, named An Phuc Hung Thinh, will apply interest rates that “closely match the market benchmark”, according the firm’s announcement. The State Bank is capping the ceiling for deposit interest rates at 14 per cent, per year.

The insurer in addition committed to guaranteeing a minimum interest rate 5 per cent for the first 10 years and 3 per cent for the three following years of customers’ policies.

Such a product with high saving benefits comes as Vietnam suffers high inflation this year, in which consumer price index growth of Hanoi had hit 14.49 per cent within the first nine months of 2011.

“Many Vietnamese people still tend to opt for depositing their money in banks instead of buying life insurance because of the inflation and the interest rate gap,” said Takashi Fujii, Dai-chi Life Vietnam’s chairman. “We have focused our research in order to provide Vietnam with practical life insurance products.”

By Hai Linh

vir.com.vn

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