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Bao Viet Insurance introduces cancer and heart coverage

Released at: 18:27, 04/10/2017 BUSINESS SPOTLIGHT

Bao Viet Insurance introduces cancer and heart coverage

Photo: Bao Viet Insurance

New product includes global-standard treatment at US hospitals.

by Quang Huy

Bao Viet Insurance officially launched its “Preferred Heart and Cancer Care” in Hanoi on September 28 and Ho Chi Minh City on September 29.

The product from Bao Viet Insurance, the number one non-life insurer in Vietnam, is released in partnership with global firm PGH and French tier-one reinsurer Société Commerciale de Réassurancere (SCOR).

Policyholders receive many benefits that are currently non-existent in Vietnam, including treatment plans conducted by leading global health experts and treatment at leading US medical centers and hospitals, with direct guarantees and coverage of up to $2 million in treatment costs per year.  

The entire treatment process is coordinated by a personal care manager that communicates in Vietnamese. The program provides up to $20,000 for travelling and living expenses of patients and one companion per treatment. The product covers nearly the entire life of customers, from one to 74 years old, and can be renewed until they are 99 years old.

Speaking at the product launch, Deputy CEO of Bao Viet Insurance, Mr. Nguyen Quang Hung, said that based on the increasing number of cancer and heart-related diseases in Vietnam, together with the importance of financial solutions for patients and their families to comfortably pursue treatment, it is launching its Preferred Heart and Cancer Care, which is also a first in Vietnam.

Photo: Bao Viet Insurance

The product is designed for businesses, organizations, and associations, helping them to take care of themselves and protect their most valuable assets. Through its launch, Bao Viet Insurance believes it will share the burden of costly treatment with patients, giving them the chance to win against these dangerous diseases.

The launch is the result of a tight partnership between Bao Viet Insurance and its partners, mobilizing the strengths of each party to allow customers to approach a new standard in comprehensive healthcare. The combination of the number one non-life insurer in Vietnam, Bao Viet Insurance, and PGH promises to provide many solutions to customers so they are protected from such sudden health risks.

In 2015, officials said that chronic diseases like cancer, diabetes, and heart conditions are increasing at “alarming” rates in Vietnam, now causing 75 per cent of all fatalities. With the diagnostic system falling behind and many people reluctant to change their habits, the diseases kill 375,000 people in the country every year, with cancer, heart problems, high blood pressure, and diabetes at the top of the list.

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