Manulife Vietnam enters in bancassurance partnership with Mekong Housing Bank

December 09, 2014 | 10:14

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Manulife Vietnam, a leading life insurer in Vietnam, and Mekong Housing Bank (MHB), last week signed a three-year bancassurance partnership that will enable Manulife Vietnam to sell life insurance solutions to MHB’s clients in Ho Chi Minh City and Hanoi.

The partnership will allow Manulife Vietnam to tap into MHB’s extensive network in the two cities and expand its business there.

MHB currently has 60 branches and transaction offices in Ho Chi Minh and Hanoi. As part of the agreement, Manulife Vietnam will also train the bank’s employees on its life insurance products.

“We are delighted to sign this partnership with MHB, one of Vietnam’s fastest growing banks. The agreement is a win-win for Manulife Vietnam and MHB as it allows both organisations to provide the most suitable financial services and life insurance solutions for their clients,” said Paul Nguyen, CEO of Manulife Vietnam.

Manulife Vietnam’s bancassurance partnership with MHB is the latest of several agreements the company now has in place with other banks in Vietnam such as ANZ and Techcombank, to provide life insurance solutions to clients.

A member of Manulife- a leading Canada-based financial services group, Manulife Vietnam is the first 100 per cent foreign-owned life insurer in Vietnam. The company, founded in 1999, currently has a network of close to 36 sales offices in 28 major cities throughout Vietnam.

By By Mai Thuy

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