Mirae Asset Prévoir Life Insurance Co., Ltd. (Mirae Asset Prévoir) and Viet A Commercial Joint Stock Bank (VietABank) have recently announced an exclusive distribution agreement for life insurance products, or bancassurance.
Accordingly, Mirae Asset Prévoir will sell life insurance products to VietABank’s clients through 97 transaction locations in Vietnam, including VietABank branches and transaction offices, under this collaboration agreement.
Bancassurance services of VietABank and Mirae Asset Prévoir have generated extremely strong early results since their official start in September 2021.
In less than three months, the smart investment and protection product UL68 – "Tam An Bao Phat" has been exclusively offered through the VietABank channel, with a protection level of up to 500 per cent of the insurance amount.
Ko Young Wan, chairman cum CEO of Mirae Asset Prévoir, stated that VietABank is among the Vietnamese professional financial institutions with trusted services.
“Thus, we are pleased to become the bank’s partner. VietABank has a large distribution network and years of expertise operating in Vietnam. We believe our bancassurance partnership will enhance more comprehensive protection benefits for VietABank’s customers across the country.”
“Mirae Asset Prévoir's professional skill in the life insurance sector, combined with VietABank's growth prospects, would provide the optimum value of benefits to clients,” he added.