Sun Life Vietnam Insurance Company Limited (Sun Life Vietnam) and Tien Phong Commercial Bank (TPBank) today announced a 15-year exclusive bancassurance partnership in Vietnam.
|TPBank and Sun Life Vietnam shakes hands for the partnership |
The agreement combines TPBank’s distribution network with Sun Life Vietnam’s market-leading lifeinsurance products, giving 2.5 million TPBankcustomers access to a comprehensive range of innovative insurance solutions to complement existing banking offers in one place.
Nguyen Hung, the CEO of TPBank said, “This partnership will bring more sustainable value to our customers and communities, bringing our customers more insurance solutions and helping them achieve lifetime financial security and live healthier lives. In particular, with our focus on technology development, the partnership is expected to leverage TPBank’sdigital platform to make insurance transactions easier and deliver improved customer experience.”
Leo Grepin, the President of Sun Life ASEAN said, “We’re very excited to partner with TPBank, a digital leader in Vietnamese banking. This partnership demonstrates our focus on expanding our distribution network with world-class partners that share our goal of constant innovation. We look forward to working with TPBank to secure a brighter future for their Clients in Vietnam”.
Larry Madge, the CEO of Sun Life Vietnam added, “Sun Life’s global Client for Life strategy puts theneeds of our Clients at the center of everything we do. We are confident TPBank shares our relentless focus on delivering the best solutions and Client experiences and together we can help even more people in Vietnam achieve financial wellbeing.”
Bancassurance is a promising, high-growth distribution channel for life insurance in Vietnam. This 15-year exclusive partnership affirms the long-term commitment of TPBank and Sun Life Vietnam to help Clients achieve their financial goals with the best banking and insurance solutions.
Sun Life Vietnam (Sun Life) is a life insurance company with 100 per cent capital from Sun Life Financial – A leading international financial service organisation with 154 years of experience from Canada. Currently Sun Life has a nationwide network of 55 branches and customer care centers.