LPBank Insurance pays 1 billion VND in insurance benefits to customers

On December 11, Loc Phat Vietnam Commercial Joint Stock Bank - Bao Loc Branch ( LPBank Bao Loc), Lam Dong coordinated with LPBank Insurance Joint Stock Corporation (LPBank Insurance) to pay 1 billion VND according to the benefits of the An Khang Credit Insurance package to customers.

LPBank Insurance Corporation and LPBank Bao Loc City Branch paid 1 billion VND in insurance benefits to Ms. Nguyen Thi Thuy Dung (wife of Mr. Bui Xuan Mai - a customer who purchased An Khang Credit Insurance)

Insurance is considered a solid shield, helping many people overcome financial difficulties when facing risks of accidents, injuries, serious illnesses, etc., thereby contributing to ensuring social security. In case of the unfortunate death of a customer, the insurance company will also pay benefits to the customer's relatives (beneficiaries) in accordance with the provisions of the life and non-life insurance contract signed between the customer and the insurance company. For contracts with large premiums, the amount paid can be up to billions of VND.

A typical case is that of customer Bui Xuan Mai (residing in Loc Nga commune, Bao Loc city), who has just been paid by LPBank Bao Loc and LPBank Insurance with a total benefit of up to 1 billion VND. It is known that Mr. Mai is a customer who borrowed capital at LPBank Bao Loc. During the loan process, the customer was interested in the An Khang Credit Insurance product, so he voluntarily participated with a level of responsibility appropriate to the loan amount. However, during the time of participating in the insurance, due to a serious illness, Mr. Mai suddenly passed away.

Upon receiving the above information, LPBank Bao Loc representatives promptly visited and coordinated with LPBank Insurance to carry out procedures for paying insurance benefits to customers. On December 11, 2024, the Compensation Payment Ceremony for Mr. Bui Xuan Mai's family was organized by LPBank Bao Loc Branch in coordination with local authorities. With the total payment amount of 1 billion VND, this has helped Mr. Mai's family to somewhat reduce the financial burden and stabilize their lives after the great loss.

LPBank Insurance representative shared: “Understanding the difficulties that customers face when an insurance event occurs, we always try our best to pay insurance benefits quickly and promptly. With all our care and sympathy, we hope to contribute to helping customers' families overcome difficulties soon, stabilize their lives and move towards a brighter future.”

An Khang Credit Insurance has been provided by LPBank Insurance for many years. The product helps customers minimize risks, share the economic burden with relatives, and help customers feel secure when borrowing capital from banks.

Over the years, Loc Phat Vietnam Commercial Joint Stock Bank and LPBank Insurance have cooperated closely, providing customers with a variety of insurance products, meeting maximum protection needs such as motor vehicle insurance, insurance for borrowers, property insurance, private home fire insurance, construction insurance, etc. Not only stopping at providing diverse products, LPBank Insurance also always strives to support customers when insurance events occur. Typically, in September 2024, facing the severe damage caused by storm No. 3, LPBank Insurance proactively reviewed, supported customers and quickly completed compensation for 33 car owners affected by the storm in Hai Duong , with a total value of up to nearly 700 million VND.

With the motto "Trust leads to success", LPBank Insurance always strives to become a trusted partner, providing non-life insurance services, accompanying the development of domestic and foreign organizations and individuals living, doing business, working and studying throughout Vietnam. In order to improve customer experience, LPBank Insurance is continuously investing in infrastructure and improving digital capabilities. The company transforms the experience of settling insurance benefits through digital platforms, constantly upgrading and perfecting the automatic insurance benefit payment process, bringing a satisfying and convenient experience to customers participating in insurance.

K.Oanh