Manulife Vietnam continues paying additional interest to customers

Nov 9th at 08:23
09-11-2018 08:23:09+07:00

Manulife Vietnam continues paying additional interest to customers

Some customers of Manulife Vietnam have just received nearly $3 million in additional interest income by virtue of the company’s outstanding performance last year.

Manulife Vietnam, the largest life insurer in Vietnam based on charter capital, has paid VND68 billion ($3 million) of additional interest income to customers who had purchased profit-sharing insurance products at the company prior to January 1, 2006.

The move came in the wake of the company’s outstanding investment and business performance last year. This is a special bonus for customers, besides the periodic interest payment commitment in the contracts.

In the same period last year, the company also paid VND58 billion ($2.5 million) in additional interest income to customers buying products with the profit-sharing format.

Thus, besides being protected by Manulife, the customers are guaranteed to have a stable interest payment each year, and receive additional bonus while enjoying upscale insurance services by virtue of Manulife’s effective operations and its customer-centric business approach.

The special interest bonus scheme is available for customers who buy products in the profit-sharing format, such as An Khang Thanh Tai, An My Thanh Tai, An Hung Thanh Tai, Phuc An Khang, Phuc An My, Phuc An Hung, Phuc My, compound insurance for 10, 15, 20 years, compound insurance until reaching the age of 55/60. In addition, the contracts were issued before January 1, 2006 and were effective on December 31, 2017.

Manulife has scored impressive business results as well as high and stable growth rates in many consecutive years. Not only the largest insurance company in Vietnam in terms of charter capital, the company is the top player in bancassurance services segment.

vir



NEWS SAME CATEGORY

Visually impaired people need better access to bank cards

Commercial banks have been told to study the process of opening payment accounts and ATM cards for visually impaired people.

HDBank supports clean agriculture

HDBank said it has earmarked VND10 billion (US$430,172) for loans with tenures of up to 10 years to clean and hi-tech agricultural businesses.

Positive signs from Vietnam’s banks as credit ranking rises

The world’s leading credit rating firms have ranked Vietnamese commercial banks at higher positions this year, reflecting the success of monetary policy and efforts...

Banks race to issue bonds for capital hike

Many banks have issued a large amount of bonds to raise capital in a move to meet high demand during year-end’s peak lending season and prepare to meet the State...

Reference exchange rate down on November 5

The State Bank of Vietnam adjusted the daily reference exchange rate down on November 5, setting the rate at 22,725 VND per USD, 2 VND lower than the rate on the...

First bank enables cardless cash withdrawal

TPBank is the first bank in Viet Nam to allow cash withdrawals using a QR Code at both its ATMs and Livebank service without needing a card.

Nestlé leading the way in tax compliance practices

Nestlé Vietnam, a leading nutrition, health and wellness company, has picked up yet ­another accolade from a local administration, attesting to the company’s...

Moody’s upgrades VIB’s rating to B1

Moody’s Investors Service has upgraded the baseline credit assessment (BCA) of Vietnam International Bank (VIB) to B1 and Counterparty Risk Assessment (CRA) to Ba3.

VietinBank appoints new chairman, general director

After three months with no chairperson, Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has finally appointed Le Duc Tho to take the...

Fintech the key to a modern digital banking strategy

Fintech is gaining popularity around the world as Southeast Asia, including Viet Nam, becomes a target for fintech’s global expansion.

Bank stocks

Insurance stocks


MOST READ


Back To Top