17:59 (GMT +7) - Tuesday 25/09/2018

Banking & Finance

Generali Vietnam launches new cancer protection product

Released at: 14:11, 11/09/2018

Generali Vietnam launches new cancer protection product

Photo: Generali Vietnam

"VITA - La Chan Vang" (VITA - Golden Shield) helps customers secure peace of mind in being protected against all types of cancer.

by Doanh Doanh

Generali Vietnam Life Insurance LLC has officially launched a new cancer insurance product called “VITA - La Chan Vang” (VITA - Golden Shield), which helps customers secure peace of mind in being protected against all types of cancer. One unique and outstanding benefit of the product is that customers receive 100 per cent of premiums refunded at maturity if there have been no claims for cancer.

“According to a recent report from the World Health Organization (WHO), Vietnam is among a group of countries with the highest rates of cancer,” said Ms. Tina Nguyen, CEO of Generali Vietnam. “This rate is increasing, with cancer patients becoming younger and younger. According to another report from the George Institute for Global Health, released in 2016, 55 per cent of Vietnamese cancer patients are financially distressed or have died within just 12 months of being diagnosed. Obviously, cancer not only impacts a patient’s health seriously but also causes a financial burden for the patient and their family due to the expensive cost of treatment. With ‘VITA - La Chan Vang’, we would like to share that burden with our customers and accompany them in any circumstances.”

“VITA- La Chan Vang”, developed based on the Generali business motto of “Simpler, Smarter, Customer-centric”, provides superior benefits, including:

Simpler: Customers can choose the single premium option to be protected for ten years or the annual premium option to be protected for five years. Customer need only answer some questions and the policy is automatically issued.

Smarter: Once choosing the single premium option, customers can get 100 per cent of the paid premiums refunded if there has been no claim for cancer benefit at maturity. This is a special benefit that was first introduced with cancer insurance. In addition, customers can choose to add additional benefits such as financial support for their income loss / decrease and/or accidental death.

Customer-centric: “VITA - La Chan Vang” is highly affordable. Customers can purchase the product for themselves or for their children, with premiums starting at only VND98,000 ($4.40) per year. The payment for cancer benefits is up to VND500 million ($22,420).

A pioneer in developing differentiated products and services, with “VITA - La Chan Vang” Generali Vietnam continues to provide customers with peace of mind against cancer and with a chance to have 100 per cent of paid premiums refunded if there has been no claim for cancer benefit at maturity.

Generali is an independent Italian Group with a strong international presence. Established in 1831, it is among the world’s leading insurers and is present in over 60 countries. A member of the Generali Group, Generali Vietnam currently has a nationwide network of over 60 GenCasa (agency offices) and customer service centers, serving approximately 200,000 clients after more than six years of operations.

In recent years it has been one of the fastest growing companies within Generali Group and in Vietnam and currently ranks sixth among life companies in the market in terms of new business premiums.

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