Chubb Life Vietnam and Hong Leong Bank join forces to distribute life insurance solutions
Jun 12, 2023
Ho Chi Minh City, 12 June 2023 – Chubb Life Vietnam and Hong Leong Bank Vietnam have signed a strategic partnership agreement to bring Chubb Life Vietnam's life insurance solutions closer to customers through a new distribution channel. This partnership will also complete Hong Leong Bank's ecosystem of financial solutions, aiming for the common objective of improving the quality of life of Vietnamese customers.
Chubb Life Vietnam and Hong Leong Bank share a common vision to improve customers’ quality of life by facilitating access to appropriate and optimal insurance and financial solutions. Both organizations are also focused on driving understanding of the importance and value of life insurance, and ensuring customers understand the products being offered.
Under this partnership arrangement, Hong Leong Bank will distribute two key products of Chubb Life Vietnam: Premier Choice Universal Life and Premier Youth Universal Life. Hong Leong Bank customers will be provided with comprehensive financial products and services as well as easier access to Chubb Life Vietnam's superior life insurance solutions at all Hong Leong Bank’s branches in Ho Chi Minh City and Ha Noi.
«Focusing on standards and professionalism, Hong Leong Bank's experienced team of consultants will be trained by Chubb Life and managed by Hong Leong Bank to ensure that life insurance solutions are provided to the right customers, at the right time with the right protection. This partnership is expected to contribute to building an accurate understanding in the community about the importance of financial and insurance products in life, as well as improve the professional image of financial and insurance consultants.» - shared Mr. Nguyen Hong Son, Country President of Chubb Life Vietnam.
Mr. Duong Duc Hung, General Director from Hong Leong Bank, said: «Hong Leong Bank is committed to providing comprehensive financial solutions to meet all needs of individual customers, from transactions, savings, loans, to protection needs. Satisfying customers' protection needs by providing the right insurance solution is the most important goal in the partnership between Hong Leong Bank and Chubb Life Vietnam.»
This partnership is a strong demonstration of the common values that Chubb Life Vietnam and Hong Leong Bank share in offering value to the community through comprehensive financial and insurance solutions delivered by a team of qualified and professional financial and insurance consultants.
About Chubb Life 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, Paris and other locations, and employs approximately 34,000 people worldwide. Additional information can be found at: www.chubb.com
Chubb Life is the international life insurance division of Chubb. In Asia, Chubb Life operates in Hong Kong SAR, Indonesia, Korea, Myanmar, 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 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, health, savings, and investment-linked insurance solutions through its agents and its wide network of offices.
Additional information can be found at: https://life.chubb.com/vn
About Hong Leong Bank Vienam
Hong Leong Bank Berhad is a regional financial services company based in Malaysia, with operations in Singapore, Hong Kong, China, Cambodia and Vietnam.
Hong Leong Bank Vietnam Limited (“HLBVN”) commenced operations in October 2009 as a full-fledged commercial bank operating out of Ho Chi Minh City and Hanoi. HLBVN provides personal finance products and services such as deposits, secured loans, personal loan and priority banking services, bancassurance as well as corporate business solutions such as working capital and term loan financing, cash and liquidity management products, trade financing services, foreign exchange (“forex”) and money market services.
For more information, please visit https://www.hlbank.com.vn
Media Contacts
Vu Thanh Truc
Chubb Life Insurance Vietnam Co., Ltd
+84 918 872 279
Marion Lee
Brand and Communication Manager
Chubb Life