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Banking & Finance

Techcombank & Manulife strike exclusive partnership

Released at: 09:26, 25/09/2017

Techcombank & Manulife strike exclusive partnership

Photo: Duc Anh

Manulife Vietnam to provide insurance products to Techcombank customers through the latter's branch network.

by My Van

Techcombank and Manulife Vietnam officially announced the signing of a 15-year exclusive insurance cooperation agreement on September 22.

The agreement improves upon a non-exclusive cooperation deal signed four years ago.

Manulife Vietnam will provide its range of insurance products to Techcombank customers under the arrangement, with the two targeting VND10 trillion ($440.2 million) in insurance premiums over the next five years.

The advantage of the new partnership, according to Techcombank, is that customers will be provided comprehensive banking and insurance solutions at one transaction point, benefiting from a combination of Techcombank’s services and Manulife’s solid financial foundation.

Mr. Nguyen Le Quoc Anh, General Director of Techcombank, told the signing ceremony that “this partnership is part of our overall strategy to provide the best and most comprehensive financial solutions to customers.”

“The strength and vision of our two companies complement each other,” said Mr. Paul Nguyen, General Director of Manulife Vietnam. “We expect to provide superior experiences to customers.”

“Vietnam is a strategic growth market for Manulife Asia,” Mr. Michael Huddart, General Director of Hong Kong, China, the Philippines, Thailand, Cambodia and Vietnam, said. “This long-term partnership with Techcombank will help us meet the rapidly changing financial needs of our customers in Vietnam.”

Some 1.4 million existing customers and prospective customers of Techcombank will be able to access the life insurance solutions of Manulife Vietnam through Techcombank’s network of 300 or so branches around the country.

In addition to Manulife’s outstanding products, the two partners will also focus efforts on creating new products designed to meet the specific needs of Techcombank’s customers.

Techcombank is now boosting its comprehensive financial solutions for customers as their incomes increase along with Vietnam’s economic development, ensuring financial security into the future.

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