07:37 (GMT +7) - Tuesday 23/10/2018

Banking & Finance

Shinhan Bank partners with Bao Viet Insurance

Released at: 18:51, 28/09/2018

Shinhan Bank partners with Bao Viet Insurance

Photo: Shinhan Bank Vietnam

Two commit to developing appropriate insurance packages with outstanding benefits to bring the greatest satisfaction to customers.

by Hoang An

Shinhan Bank Vietnam Ltd. (Shinhan Bank) has officially announced its partnership with Bao Viet Insurance Corporation (Bao Viet Insurance), and concurrently, launched new insurance products and services to customers.

Specifically, Bao Viet Insurance’s products introduced through network of Shinhan Bank include: Private Housing Insurance, Vehicle Insurance and Private Wealth Management Global Care (aetna Ultra Care).

The highlighted one among these products is Private Wealth Management Global Care (aetna Ultra Care), with coverage limit up to $5 million per year. This product is expected to meet the needs of Shinhan Private Wealth Management customers, who would seek for a world-standard insurance package.

At the signing ceremony, Mr. Shin Dong Min – CEO of Shinhan Bank in Vietnam, said: “I believe that Shinhan’s customers will receive the best customer service and benefits with Bao Viet’s extensive experience in this industry. The partnership with Bao Viet Insurance to launch insurance products through 30 branches of Shinhan is considered a strategic step to expand our retail market, a very potential market for stakeholders in both insurance and banking”.

Mr. Nguyen Xuan Viet, CEO of Bao Viet Insurance, shared: “With this partnership agreement, Bao Viet Insurance and Shinhan Bank will become reliable partners in our business development strategy in the coming time. Bao Viet Insurance believes that with the strong resources of both parties, this partnership will open up new opportunities for better cooperation and development of commercial insurance. This is expected to bring the surplus value and create the pathway for customers to develop personal and business activities”.

Under this partnership agreement, Shinhan and Bao Viet commit to develop the appropriate insurance packages with outstanding benefits to bring the highest satisfaction to customers. This partnership is also a landmark of the ongoing strong growth in insurance and banking business co-operation between Vietnam and Korea.

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