Shinhan Life Vietnam launches new insurance distribution channel

Bae Seung Jun, general director of Shinhan Life Vietnam, shares the company's direction and strategy in 2024

The service, known as FC Channel, is located in Ho Chi Minh City's CII Tower, a professional workspace for personal insurance agents.

Additionally, it serves as a customer service centre in Ho Chi Minh City, directly catering to customers from the southern region.

Since entering the Vietnamese market, Shinhan Life has consistently expanded its business activities with a diverse product portfolio and distribution channels, focusing on specific customer segments.

A representative of Shinhan Life Vietnam receives the flag of strength and spirit from Shinhan Life Korea

Bae Seung Jun, general director of Shinhan Life Vietnam, shared his thoughts on the occasion.

“We firmly believe that the life insurance market will soon recover and continue to thrive. FC Channel is an opportunity for us to mark a new phase of growth. Accordingly, Shinhan Life will focus on quality rather than quantity, aiming to recruit and train a professional and well-grounded team.

“I am confident that, only when thoroughly advised by a team of qualified financial consultants and with a clear understanding of insurance products, can customers feel secure with the most suitable financial solution. Therefore, the true value of life insurance will be promoted, instilling confidence in the humane values of insurance,” he said.

Shinhan Life has consistently endeavoured to differentiate itself in Vietnam by concentrating on its insurance product portfolio, operating model, and distribution channels.

This expansion is expected to create numerous career opportunities for candidates and provide the best protection solutions for customers, contributing collectively to Vietnam’s socioeconomic development.

Shinhan Life Insurance Vietnam Co., Ltd. has initial charter capital of VND2.32 trillion ($97.8 million), with its entire investment capital funded by Shinhan Life Insurance Corporation, Korea. The company provides products and services in life insurance, health insurance, and financial investment.

Woori Bank Vietnam partners with Samsung Vina Insurance to offer property insurance services Woori Bank Vietnam and Samsung Vina Insurance have forged a strategic alliance to enhance property insurance operations, offering more options to new insurance services for corporate clients while strengthening Woori Bank's competitive position.

Shinhan Life promotes sustainable development for future generation of Vietnam With the vision of “Enhancing the Quality of Life through Innovation”, over nearly two years of operation, Shinhan Life has been actively engaged in corporate social responsibility activities, working together to build a sustainable future for the next generation in Vietnam.

Opening the domestic arena to pharma distribution Vietnam’s pharmaceutical market is one of the fastest growing markets in the world. However, although the market is growing rapidly, production capacity can only meet about half of domestic demand.