Ho Chi Minh City, February 18th, 2019 - Chubb Life in Vietnam has launched its “Senior Universal Life” product, making the company the first life insurer in the market to increase the entry age of the Life Assured to 80 years old.
“Senior Universal Life” provides customers who are of, or are about to enter, retirement age with comprehensive protection, enabling seniors to create their own financial plans to support their futures. In addition to death and maturity benefits, the product also has the following features:
Accepting entrants aged from 55 to 80 years old at a reasonable premium rate.
Accelerated Critical Illnesses Benefit and Accelerated Hospital Cash Benefit due to Critical Illness covers customers up to 90 years of age; This provides customers with peace of mind and financial security during their medical treatment in case of unexpected critical illnesses.
Accelerated Total & Permanent Disability Benefits in case of unexpected illness or accident.
Investment Bonus, Loyalty Bonus and Golden Age Bonus to help add an extra level of financial security.
Mr. Lam Hai Tuan, Chairman and Country President of Chubb Life in Vietnam said, “At old age, everyone wishes to enjoy their retirement in the most relaxing and stress-free way possible. However, this is also the age normally associated with the highest health risks. Granting coverage to the elderly means that we, as insurers, must provide more comprehensive services in order to bring superior protection to this group of customers.”
In addition, “Senior Universal Life” is a one-of-a-kind life insurance product which offers global 24/7 free-of-charge medical advice, bringing peace of mind to customers and their families anytime and anywhere. To provide this service, Chubb has partnered with Aspire Lifestyles – a professional consulting services provider for health care and medical issues, especially during emergencies.
“The ‘Senior Universal Life’ product can be given as a gift of gratitude from younger generations to their parents or grandparents. We can be assured that our parents and grandparents will be able to enjoy a happy life with their beloved with less financial pressure.” Mr. Lam Hai Tuan added.
Detailed product information, including the benefits and terms and conditions of Senior Universal Life, is included in the product brochure and policy document. In case of a conflict between this press release and the policy document, the terms of the policy document shall govern.
About Chubb Life in Vietnam
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, investment-linked and health 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
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. Additional information can be found at: www.chubb.com.