Ho Chi Minh City, April 10, 2017 – Chubb Life Insurance Vietnam Company Ltd. (“Chubb Life in Vietnam”) officially launches the “Cancer Protection Supplementary Benefit” (Cancer product), which is attachable to the company’s flagship base plan “Premier Universal Life 2013” product.
This Cancer product provides comprehensive coverage of cancer treatment for customers up to 75 years of age – an age normally associated with higher health risk. Customers aged from 1 month to 60 years old are eligible to buy.
Committed to providing customers with comprehensive financial protection if they are subsequently diagnosed with cancer, this Cancer product comes with many benefits:
Financial support for the cancer treatment:
Cash support: Chubb Life in Vietnam will pay 50% of Face Amount (FA) (up to VND 500.000.000) if the Insured has carcinoma in situ, or 100% of FA (less any previous carcinoma in situ claim paid) if the Insured is diagnosed with a major cancer.
Surgery treatment support: Chubb Life in Vietnam will pay 10% of FA for a surgery (up to VND 100.000.000), maximum 2 claims.
Chemotherapy or Radiotherapy treatment support: (including Gamma Knife Surgery): Chubb Life in Vietnam will pay 1% of FA for each session of Chemotherapy or Radiotherapy treatment (up to VND 10.000.000 for each time of treatment), maximum 10 sessions of Chemotherapy treatment and 20 sessions of Radiotherapy treatment shall be payable over the lifetime of the Cancer product.
Additional family income support:
In case when the major cancer benefit becomes payable, Chubb Life in Vietnam will pay 50% of FA of this Cancer product, equally divided into 5 payments in 5 consecutive years. This Cancer product is designed to reduce the financial burden for the customer’s family in times of need, especially when the Insured is temporarily unable to work.
When buying this Cancer product along with the “Premier Universal Life 2013” product, customers will receive an all-in-one financial protection solution. It will be one insurance policy, one account, with many insurance benefits such as flexible payment schedule that suits customer’s financial situation in different stages of life. Moreover, the competitive premium of the Cancer product will cater to the wide range of customer needs in Vietnam. Also, this Cancer product accepts customers’ claims for cancer treatment in many developed countries worldwide.
Mr. Lâm Hải Tuấn, Chairman cum Country President of Chubb Life in Vietnam, said, ‘Cancer has been a major concern in public health. Besides maintaining good habits in daily life, listening to our own body and takingcare of health in a more scientific way, we should prepare ourselves and our families in the worst-case scenario, for example diagnosed with cancer. We believe that our new product “Cancer Protection Supplementary Benefit” is an important financial planning tool that enables customers and their families maintain their living standards while coping with illness.’
*Note: This press release provides only basic information. Please refer to the Terms and Conditions of the Insurance Policy for more details.
About Chubb Life in Vietnam
Chubb is 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. Parent company Chubb Limited 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.
Chubb Life, the life insurance division of Chubb, operates in 30 countries around the world. In Asia, Chubb Life operates in Hong Kong, Indonesia, Korea, Taiwan, Thailand and Vietnam, and participates in a joint-venture in China. Chubb Life has been in Vietnam since 2005, and launched its Fund Management Company (Chubb Life FMC) in 2013. To meet the financial protection and security needs of its broad range of customers, Chubb Life in Vietnam (Chubb Life Insurance Vietnam Company Limited) offers a range of life protection, savings, and investment-linked insurance solutions through its agents, banks and its network of 45 offices. Additional information can be found at: http://life.chubb.com/vn.
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
Head of Communications
+852 2185 0207