Hanwha Life Vietnam pays over VND21 billion of insurance benefits for single claim

May 7th at 08:24
07-05-2020 08:24:13+07:00

Hanwha Life Vietnam pays over VND21 billion of insurance benefits for single claim

Hanwha Life Vietnam has paid more than VND21 billion ($913,000) of insurance benefit to a customer living in Binh Tan district in Ho Chi Minh City, demonstrating its strong commitment to customer protection. This is not only the biggest claim of the South Korean-backed insurer but also one of the biggest claims of the Vietnamese life insurance market.

Hanwha Life Vietnam pays over VND21 billion of insurance benefits for single claim
Hanwha Life Vietnam has paid nearly VND532 billion ($23.13 million) of insurance benefits to thousands of customers since entering Vietnam in 2009

The customer purchased two policies from Hanwha Life Vietnam in 2015, including An Khang Tai Loc and Tich Luy Linh Hoat. During the insured period, unfortunately, she suffered from a critical illness and passed away in February 2020. After receiving the benefit payment request, the company has immediately settled the claim, and also sent representatives to visit and help the customer’s family overcome the emotional distress and financial loss.

After receiving the payment, the beneficiary said that the benefit payment is a timely financial support helping the family to overcome the tough time and settle down for the future. At the same time, he highly appreciated the care and support from Hanwha Life Vietnam for the family.

“With great appreciation and deep gratitude, we thank Hanwha Life Vietnam from the bottom of our heart for the support. The benefit expressed the company’s strong commitments, kindness, and encouragement to our family during this hard time,” said a family member.

Sharing about the historical claim settlement, Nguyen Nha Ngoc Tram Anh – the company’s chief management officer – said, “To share the loss and the difficulties of our customers, Hanwha Life Vietnam quickly settled the procedures for payment of insurance benefit that surpasses VND21 billion ($913,000). It showed the company’s strong commitment to always stand by and protect customers from every risk and difficulties in their lives."

“We believe that it would be a solid financial foundation helping the customer's family to settle down and continue to pursue their plans in the future,” she added.

During its operation in Vietnam, the company has donated more than VND30 billion ($1.3 million) for community support such as handing over houses, schools, and health centres in many localities across the country.

With the mission of “Bringing peace of mind and protecting customers and their families through life insurance products”, Hanwha Life Vietnam has paid nearly VND532 billion ($23.13 million) of insurance benefits to thousands of customers since going into operation in 2009. Particularly in 2019, Hanwha Life Vietnam paid VND172 billion ($7.48 million) of insurance benefits to customers. The financial support helps customers and their families overcome adversity, settle down, and plan for their future.

Established in Vietnam since 2008, Hanwha Life Vietnam is one of the leading companies in corporate social responsibility activities. Last month, joining the Vietnamese government's efforts to prevent the COVID-19 disease, the company came up with a series of practical activities such as giving 8,000 medical protective suits to the Hanoi and Ho Chi Minh City departments of health, delivered 3,257 health insurance cards, donated 175 blood units, as well as donated hand sanitizers and masks, and more.

During its operation in Vietnam, the company has donated more than VND30 billion ($1.3 million) for community support such as handing over houses, schools, and health centres in many localities across the country.

Currently, Hanwha Life Vietnam has a nationwide customer service network with more than 150 service points, 44,000 financial advisors and more than 400 employees. In 2018, the company scaled up its charter capital to nearly VND4.9 trillion ($213 million) and became one of the financially strongest life insurance companies in Vietnam, helping bring top-quality services and attesting to long-term commitment to the Vietnamese people and society.

VIR





NEWS SAME CATEGORY

Low business performance may prompt Vietnam c.bank to further cut policy rates

The central bank had previously cut the benchmark interest rates by 0.5 – 1 percentage point in March.

Pandemic causes remittances to HCM City to fall by 2%

Overseas remittances to HCM City in the first four months of the year are estimated to be US$1.8 billion, a year-on-year decrease of 2 per cent, according to the...

Five banks make top 10 most profitable listed firms

Vietnam’s top 10 most profitable listed companies, half of them banks, posted VND37 trillion ($1.6 billion) in pretax profits in the first quarter.

Vietnam’s Techcombank blames upgrade for system failure

Vietnamese lender Techcombank has explained that an upgrade was responsible for system failure early this week after many customers complained they could not access...

Vietnamese currency forecast to continue weakening in 2020

Weaker foreign direct investment inflow on the back of the Covid-19 pandemic and a likely preference by the central bank for a weaker Vietnamese dong to support...

Techcombank delivers record first quarter 2020

Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) recorded after-tax profit reached VND2.5 trillion (US$106.5 million) in the first quarter of...

ABBANK shrugs off pandemic to grow profits

An Binh Commercial Joint Stock Bank reported pre-tax profit of VND362 billion (US$15.5 million) for the first quarter.

Pandemic accelerates Vietnam’s move to cashless payments

The limitations on contact and gatherings imposed by the Covid-19 pandemic have significantly boosted online shopping and home deliveries.

Business cash flow issues in Vietnam trump global average: survey

The ratio of Vietnam businesses facing cash flow problems, 47 percent, is higher than the global average of 37 percent, a survey has found.

Viet Nam faces increasing tax evasion and avoidance

Viet Nam faces increasing tax evasion and avoidance as policies have not kept up with reality, according to a report by Viet Nam Institute for Economic and Policy...

Bank stocks

Insurance stocks


MOST READ


Back To Top