News Releases

Chubb Life Vietnam and HP Life Insurance Partner to Distribute Life Insurance Products
Oct 7, 2023

Ho Chi Minh City, October 7th, 2023 – Chubb Life Insurance Vietnam Company Limited (Chubb Life Vietnam) announced today that it has entered into a partnership agreement with HP Life Insurance Consulting and Training Joint Stock Company (HP Life Insurance). This partnership builds upon Chubb Life Vietnam’s strategy to expand its distribution channels, while enhancing the customer experience and providing comprehensive protection for customers.

Through this partnership agreement, HP Life Insurance, a leading financial and insurance consulting company in Vietnam, will distribute two Chubb Life products from the Universal Life Insurance product line - Premier Choice Universal Life and Senior Universal Life 2018, alongside an additional health insurance solution - Chubb Care. Designed with customers’ evolving needs in mind, these products provide superior financial and health protection solutions, enabling customers to plan for the future according to their lifestyle requirements.

Mr. Nguyen Hong Son, Country President of Chubb Life Vietnam, said: "At Chubb Life, our priority is to offer clients access to high quality life insurance solutions by developing distribution channels and expanding partnerships with trusted insurance agencies. With this in mind, we have focused on rolling out competitive distribution channels with a sales representative force of nearly 40,000 agents, as well as building partnerships with established insurance agencies. We are committed to providing protection to more people in Vietnam with life insurance by 2030 which is in line with the Vietnam Government’s insurance market development strategy. Partnering with HP Life Insurance reaffirms our dedication to protect Vietnamese families against life's uncertainties.”

Mr. Cao Kien Cuong, CEO of HP Life Insurance, commented: "With this partnership, our ultimate goal is to provide insurance solutions tailored to each customer’s needs, reinforcing the protective role of life insurance. We are confident that the collaboration between Chubb Life Vietnam and HP Life Insurance will serve as a successful model for insurance agencies in Vietnam. By working together, our customers will receive access to high quality financial and health protection products.”

In Vietnam, insurance agencies are among the leading choice for many customers, especially for those who are new to life insurance. Factors such as a customer-focused consultancy team, stringent agency and insurance company management processes, and a widespread office network underscore this appeal.

Recognizing the pivotal role agencies play in extending the protection reach of insurance companies, Chubb Life Vietnam continuously seeks high quality partners, and invests resources to develop these channesl, aiming to meet the ever-increasing protection and access demands of customers. This partnership with HP Life Insurance not only builds on Chubb Life Vietnam’s strategy to accelerate the expansion of its distribution channels, it also demonstrates the company’s commitment to working with government agencies, helping to achieve the government’s goal of increasing the number of people with life insurance by 2030, when the size of the Vietnamese insurance market will represent 3.3% - 3.5% of total GDP.


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, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at:

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 mainland 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:


About HP Life Insurance

Founded in November 2020, HP Life Insurance specializes in financial consultancy and training of professional insurance consultants. HP Life Insurance has established 20 offices in many Northern provinces and cities such as Hanoi, Quang Ninh, Hai Phong, Nam Dinh, Thai Nguyen, etc., boasting a distribution network of over 1,000 consultants.

After spending the first three years building and strengthening its leadership team as well as expanding the consultant network, HP Life Insurance has set a goal for this year to reach a revenue of VND 50 billion. By further expanding its offices and engaging in non-exclusive distribution partnerships with top insurance enterprises, the company aims to achieve an annual revenue of VND 200 billion for the period from 2024-2026.

Additional information can be found at: