On the morning of August 11, BIC Lao Cai Insurance Company (BIDV Insurance Corporation) and Vietnam Joint Stock Commercial Bank for Investment and Development, Lao Cai Branch (BIDV Lao Cai) presented more than 1.2 billion VND in borrower insurance money - BIC Binh An to the family of Mr. Tran Duc Long who unfortunately passed away.
Mr. Tran Duc Long is a loyal customer of BIDV Lao Cai and participates in borrower insurance at BIC Lao Cai Insurance Company.
On April 16, 2023, Mr. Long died from drowning. Immediately after receiving the information, leaders and staff of BIDV Lao Cai and BIC Lao Cai Insurance Company came to express condolences, encourage and complete procedures to pay insurance to customers according to regulations.
The total amount paid is VND 1,262,984,695, including principal and interest at the time of the insurance event, interest support during the waiting period for compensation procedures, and funeral allowance.
The case of insurance payment for Mr. Tran Duc Long's family is one of many cases where loan customers have received BIC Binh An insurance benefits in recent years.
Borrower insurance product - BIC Binh An of BIDV Insurance Corporation is a risk management tool, ensuring safety for the bank's credit activities, an insurance product that creates trust and maximum protection of interests for all customers participating in borrowing capital at BIDV Lao Cai.
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