News Releases

Chubb Life in Vietnam launches the new “Future Asset Management” product
Dec 5, 2016

Ho Chi Minh City, December 5, 2016 – Chubb Life Insurance Vietnam Company Limited (Chubb Life Vietnam) officially launches the “Future Asset Management” product, which is an advanced variant of Chubb Life’s suite of Universal Life products. This new product offers a solution for family-oriented customers who have a strong commitment to accumulate their wealth and to attain comprehensive financial protection for themselves and their family members. 

The brand-new “Future Asset Management” product is a long-term and disciplined financial planning tool and therefore customers can enjoy the below benefits:

No allocation fees charged for main insured and dependents:

  • 100% of the deposited premium is allocated into one policy. Customers can enjoy a higher policy account value as allocation fees are not charged for this product.

  • The main insured’s dependents can enjoy the supplementary benefits under one policy account value without paying any extra allocation fees.

Attractive persistency bonus to increase policy account value:

  • Customers are eligible for a special persistency bonus to increase their policy account value. The bonus can go up to 12% of the average account value of the first 10 years; or up to 18% of the average account value of the preceding 10 years at the 20th year.

The base plan of the “Future Asset Management” product is a single life flexible premium Universal Life insurance contract, there are four supplemental benefits attached to the product’s base plan:

  • Accidental death or dismemberment

  • Total and permanent disability

  • Stage critical illness
  • Hospital cash benefit

 

Mr. Lam Hai Tuan, Chairman and Country President of Chubb Life in Vietnam said, ‘We constantly look for ways to create more value for our customers. We adopted the Chubb brand globally earlier this year, and in Vietnam we once again increased the company’s charter capital in July 2016, we feel this is the right time for us to launch the “Future Asset Management” Universal Life product. The product’s enhanced protection and investment solution aligns with our commitment to provide creative and long-term financial solutions to customers in Vietnam.’

 

‘Ten years ago, Chubb Life entered Vietnam with a suite of Universal Life products. And today, with the new and unique “Future Asset Management” product, we are constantly striving to innovate our products and gain customers’ trust. We trust this product will fulfill the needs and expectations of the changing market in Vietnam,’ Mr. Lam continued.

 

(*) Information and descriptions of products and services are provided solely for general informational purposes and are not intended to be complete descriptions. Life insurance policies contain exclusions, limitations, and restrictions. For complete details of coverage, including exclusions, limitations and restrictions, the actual policy or certificate should be consulted. If the descriptions of such products conflict with the terms of the insurance policies, then the terms of the insurance policies shall govern.

 

About Chubb Life in Vietnam

 

Chubb Life is the global life insurance division of Chubb, the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. As an underwriting company, we assess, assume, and manage risk with insight and discipline.  We service and pay our claims fairly and promptly.  The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Chubb Limited, the parent company of Chubb Group, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.

 

To meet the financial protection and security needs of its broad range of customers in Vietnam, Chubb Life Vietnam offers a comprehensive array of quality life insurance and investment products. With a network of 44 offices, the company offers its products and services through banks and agents.

 

For further information, please visit www.chubb.com/vn.

Media Contacts:

 

Tran Thi Tuyet Minh

Chubb Life Insurance Vietnam Co., Ltd

21st Floor, Sun Wah Tower 

115 Nguyen Hue, Dist. 1

Ho Chi Minh City, Vietnam

+84 983 10 30 78

Thituyetminh.Tran@chubb.com

 

Sarah Tam

Chubb Life

Head of Communications

+852 2185 0207   

Sarah.Tam@chubb.com

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For further information: Media Contacts: Tran Thi Tuyet Minh Chubb Life Insurance Vietnam Co., Ltd 21st Floor, Sun Wah Tower 115 Nguyen Hue, Dist. 1 Ho Chi Minh City, Vietnam +84 983 10 30 78 Thituyetminh.Tran@chubb.com Sarah Tam Chubb Life Head of Communications +852 2185 0207 Sarah.Tam@chubb.com # # #