Manulife Vietnam launches new investment-linked insurance products

September 10, 2012 | 16:57
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Manulife Vietnam has just launched two new investment-linked insurance products into the market.

The leading life insurer in Vietnam’s products are ‘Manulife-The key support for our dream’ catered to energetic and ambitious youngsters and ‘Manulife-The key support for your love’ reserved for customers aged from 40 with a stable career.

The two new products are unique in that their customers are only required to pay premiums in six years with declining payments to get insurance benefits up to 20 years against mortality risks and 31 serious illnesses as well as hospital allowances of a maximum VND1 million ($48) per day. Besides, these two new products generate monthly stable dividends floating on market interest rates.

With prominent features, ‘Manulife-The support for your dream’ helps young energetic customers realise their ambitious plans without worrying about financial and health issues while ‘Manulife-The support for your love’ with the secured financial plan brings customers with established career aged from 40 the perfect peace of mind and lasting comfort.

“Through the strategy on providing customised financial solutions we are committed to developing increasingly diversified and creative products to meet every need of specific customer groups. With this fresh approach ‘taking short-term premium payment for long-term financial protection’ I expect these new products will satisfy the wide customers,” said Manulife Vietnam CEO Chung Ba Phuong.

Anchored in Vietnam in June 1999, Manulife Vietnam was the first fully foreign-owned life insurer in Vietnam.  It currently provides financial services to over 300,000 customers through an extensive network of 12,000 professional qualified agents.

On June 14, 2005, Manulife Vietnam Fund Management, a wholly owned local subsidiary of Manulife Vietnam, was granted a licence to operate a fund management and investment-finance consulting business, further expanding Manulife Vietnam’s product offerings for its customers.

As of December 2011, Manulife is the third biggest player in terms of the premium income in the Vietnamese life insurance industry, offering a wide range of products designed to meet diverse financial needs of the clients

In November 2011, Manulife Vietnam became the first ISO 9001:2008-accredited foreign life insurer in Vietnam.

In February 2012, Manulife Vietnam won the prestigious Golden Dragon Award 2011 from the Vietnam Economic Times, which recognises Manulife Vietnam as one of the best foreign-directed investment companies in Vietnam.

Manulife Vietnam remains committed to supporting the communities in which it conducts business, in both educational and charitable activities.  Since 1999, Manulife Vietnam has donated a total of more than VND10 billion ($476,000) for community activities in Vietnam.

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