Ho Chi Minh City, October 16th, 2018 – Today, Chubb Life Insurance Vietnam Company Limited (“Chubb Life in Vietnam”) and Chubb Charitable Foundation – International (“Chubb Foundation”) begin donating educational equipment to five primary schools and two kindergartens in Vietnam. This series of events will be held from October 16th to October 25th, 2018 in six provinces of Central Vietnam.
Under the auspices of the Central Region Natural Disaster Prevention and Support Fund, Chubb Foundation and Chubb Life in Vietnam have donated computers, library equipment, English classrooms, clean water filter systems and teaching aids, valued at about 1.5 billion VND to seven schools, including the five primary schools which were sponsored and built with funds donated by Chubb Foundation and Chubb Life in Vietnam in previous years, namely:
Trieu Do No. 1 Primary School (Quang Tri Province)
Quang Thanh No. 2 Primary School (Thua Thien-Hue Province)
Vinh Thanh No. 2 Primary School (Nghe An Province)
Yen My Primary School (Thanh Hoa Province)
Cat Chanh Primary School (Binh Dinh Province)
Van Khanh Kindergarten (Khanh Hoa Province)
Van Hung Kindergarten (Khanh Hoa Province)
Mr. Lam Hai Tuan, Chairman and Country President of Chubb Life in Vietnam, said: “Supporting school building projects during the last years, as well as donating educational equipment is the way Chubb Life in Vietnam contributes to creating long-lasting and sustainable values for impoverished areas in Vietnam, especially those in Central Vietnam that often suffer from natural disasters every year.”
Corporate Social Responsibility is one of the top priorities of Chubb and Chubb Life in Vietnam. From the early years of establishment, Chubb Life in Vietnam has continuously contributed to supporting educational development in this country. Since 2005, Chubb Life and Chubb Charitable Foundation – International have donated nearly 23 billion VND for education development projects in Vietnam, including rebuilding seven schools and providing scholarships to thousands of underprivileged students in need.
“We believe these schools with the equipment we sponsored, will serve many generations of students. We hope that our efforts will help these students on their education journey and grow up to be responsible citizens. This project is also one of our ways to show Chubb Life’s long-term commitment in the Vietnam market”, said Mr. Lam Hai Tuan”.
About Chubb Charitable Foundation – International
The Chubb Charitable Foundation – International is one of three charitable foundations associated with Chubb. In 2016 the company’s Foundations made grants and matching gifts of nearly US$7.0 million to support innovative initiatives around the globe. Chubb is a firm believer that positive contributions to the fabric of our communities return long-lasting benefits to society, our employees, and our company. We primarily focus our philanthropic support in the areas of education, poverty and health and the environment.
In 2017, the Chubb Charitable Foundation – International, in partnership with Chubb Life in Vietnam, funded the rebuilding of the Duy Ninh Kindergarten at Duy Ninh commune, Quang Ninh district, Quang Binh province. In 2016, The Chubb Charitable Foundation – International funded computers, libraries and English study lab equipment in four primary schools in Central Vietnam: Xuan Lam (Phu Yen province), Trieu Do No.1 (Quang Tri province), Quang Thanh No.2 (Thua Thien Hue province) and Vinh Thanh No.2 (Nghe An province).
About Chubb Life in Vietnam
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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 is the international life insurance division of Chubb. In Asia, Chubb Life operates in Hong Kong SAR, 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 Fund Management Company Limited) in 2014. 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 more than 80 offices.
Additional information can be found at: http://life.chubb.com/vn