00:56 (GMT +7) - Thursday 27/04/2017

Business

Fubon Life benefits from stable development

Released at: 16:14, 18/04/2017 Vietnam golden dragon awards & Vietnam Excellent Brand Awards

Fubon Life benefits from stable development

Photo: vneconomy

Company's sustainable development strategy and strong financial resources highly regarded in Vietnam's insurance sector.

by Khanh Chi

Strong financial resources are the top criterion customers consider when choosing life insurance companies. With a strong and long-term investment strategy, Fubon Life Vietnam has increased its chartered capital twice, bringing it to nearly VND1.4 trillion ($62 million) and joining the ten largest life insurers in Vietnam in terms of capital investment.

With a mission of ensuring financial security and helping customers to get ahead in the future through multi-layer protection products, Fubon Life Vietnam actively researches and promotes the provision of specialized products, affirming its position as one of the leading life insurers in Vietnam.

In order to secure a solid financial source for families, Fubon Life’s Phuc Bao An Truong Thinh linked insurance product was launched to help customers with financial protection when they are up to 100 years of age with an intertest rate as high as 7.2 per cent per annum.

Moreover, to create multiple layers of protection for the whole family, Fubon Life last year launched the Phuc Bao product, which assists with hospitalization and surgical costs for all family members in one policy.

Striving to protect families’ financial security, Fubon Life has been more active in carrying out its corporate social responsibility efforts.

Mr. Rick Chiang, General Director of Fubon Life Vietnam, said that “with a sustainable development strategy and more than five years in Vietnam’s life insurance market, Fubon Life Vietnam has recorded profits. Businesses in the north and the south are constantly being established and operating effectively, so thousands of families are protected financially.”

In early April, Fubon Life Vietnam was honored to receive a Golden Dragon Award for the fifth year in succession from Vietnam Economic Times.

Together with 70 other foreign-invested enterprises honored at the ceremony, Fubon Life Vietnam overcame 1,500 enterprises to receive an Award for implementing a sustainable long-term business strategy for excellent services.

“Fubon Life’s sustainable development strategy is highly regarded by experts and the community in terms of strong financial resources and multi-layer protection products with outstanding competition and corporate responsibility to society,” said Mr. Chiang.

Since its foundation in 2010, Fubon Life Vietnam has implemented the “For Talent in Vietnam’s Insurance Sector” scholarship program. The VND100 million scholarships have been presented to students with excellent academic achievements in the insurance department at four universities.

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