News Releases

Chubb Life Vietnam launches two new Universal Life insurance products with Critical Illness Benefits
Oct 25, 2019

Ho Chi Minh City, 25 October 2019 - Chubb Life Vietnam has launched two Universal Life insurance products, "Critical Illness Universal Life – Individual Plan" and "Critical Illness Universal Life – Family Plan". With these new solutions, Chubb Life hopes to alleviate financial burdens for families whose breadwinner suffers from a critical illness and provide them with financial security and peace of mind.

 

Mr. Lam Hai Tuan, Chairman and Country President of Chubb Life Vietnam said: “Critical illness presents a major risk to families, especially if the breadwinner falls ill.  Besides health concerns, expenses for medical care and treatment can be a substantial financial burden on the family. With this in mind, we developed two solutions with critical illness benefits integrated into our Universal Life insurance products. This means we can ease the financial stress from breadwinners if they fall ill so they can focus on their health.”

 

These two products provide policyholders with sustainable financial solutions to manage the risk of accidents and critical illnesses:

 

Critical Illness Universal Life – Individual Plan

  • Comprehensive protection in case of accident and 86 critical illnesses.
  • Loyalty Bonus as of 25% of the accumulate interest will be paid every 4 years.
  • 100% of the cost of insurance will be refunded at the age of 75.
  • Zero allocation fee and partial withdrawal fee on Excess Premium Account.
  • Critical Illness Second medical opinions assistant service.
  • World-wide Medical Assistance Services.

 

Critical Illness Universal Life – Family Plan

  • Protection for the whole family in case of accident and 96 critical illnesses.
  • Automatic cover for infants born within the policy term at no additional cost.
  • Loyalty Bonus as of 25% of the accumulate interest will be paid every 4 years.
  • 100% of the cost of insurance will be refunded at the main Life Insured age of 75.
  • Zero allocation fee and partial withdrawal fee on Excess Premium Account.
  • Critical Illness Second medical opinions assistant service.
  • World-wide Medical Assistance Services.

 

These new products are another example of Chubb Life Vietnam’s continued commitment to responding to customer’s changing needs with innovative solutions. Multiple technological projects have been implemented for agency force, help strengthening Chubb Life’s image as a professional financial and insurance consultant in the digital age, deliver effective business management and outstanding customer experience.

 

 

Note:

Detailed product information, including the benefits and terms and conditions of "Critical Illness Universal Life – Individual Plan" and "Critical Illness Universal Life – Family Plan", is included in the Terms and Conditions of the products. Please refer to the Terms and Conditions for your further information.

 

 

                                        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, health, savings, and investment-linked insurance solutions through its agents, banks and its network of 75 offices. Additional information can be found at: http://life.chubb.com/vn  

 

About Chubb

 

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, Paris and other locations, and employs more than 30,000 people worldwide. Additional information can be found at: www.chubb.com 

 

 

 

 

 

Media Contacts

 

Tran Thi Tuyet Minh

Chubb Life Insurance Vietnam Co., Ltd

+84 (28) 3827 8989 – Ext: 8965

thituyetminh.tran@chubb.com

 

Shilpa Freemantle

Head of Communications, Chubb Life

shilpa.freemantle@chubb.com