Two parties begin bancassurance cooperative deal on March 22.
Chubb Life, the global life insurance division of Chubb Limited, and Viet Capital Bank announced the commencement of a bancassurance partnership on March 22.
The new partnership will maximize the benefits for Viet Capital Bank’s customers by leveraging the services and products of both parties. Through the distribution channel the two companies will offer diversified life insurance products and services with preeminent benefits, which will suit a wide range of individual customers at Viet Capital Bank’s branches in key cities and provinces in Vietnam, provide financial protection solutions and additional benefits to those who are working for Viet Capital Bank’s partners, such as business groups and corporations, through individual and group insurance products, and increase additional benefits for Chubb Life’s customers when enjoying the bank’s services.
“One of Chubb Life’s objectives is to expand and diversify our distribution network to better serve our customers with life insurance solutions,” said Mr. Lam Hai Tuan, Chairman and Country President of Chubb Life in Vietnam. “This collaboration will also allow Viet Capital Bank’s customers to access more value-added financial management services in parallel with suitable financial protection plans from Chubb Life.”
“In addition to diversifying our products and financial services, Viet Capital Bank continually looks to provide customers with more quality benefits,” said Mr. Nguyen Hoai Nam, Deputy General Director of Viet Capital Bank. “Our strong network, together with Chubb Life’s wide product portfolio, is core to this cooperation. We strongly believe in the bancassurance model as a way to provide better customer service and products.”