Manulife Vietnam launches new product, commits to refund

Short term payment, long term protection, refund guarantee

In recent years, the majority of customers interested in insurance with accumulation - investment elements often choose investment-linked insurance products. Not many customers choose term insurance even though the participation conditions are simple, the premium is often lower than other product lines, and the compensation benefits are high in case of death risk. The main reason is because term insurance has no surrender value or maturity value, meaning there are no savings or investment benefits.

“An Tam Vui Song 2.0” is a term insurance product line that intelligently combines with cumulative benefits. With simple participation conditions and relatively low premiums, customers participating in this product will receive a high level of protection up to 40 times the premium paid. The premium payment period is short (3/5/10 years) but the protection is long (15/20/30 years). In addition, depending on the age of participation, customers have the opportunity to be protected up to 90 years old. In particular, “An Tam Vui Song 2.0” also has the right to refund customers according to the committed rate throughout the contract term. In the year of the contract with the highest refund benefit, up to 110% of the premium paid, customers also have the privilege of exempting appraisal when continuing to participate in other insurance products that Manulife Vietnam is implementing.

In addition, the product's protection benefits are not only limited to death but also extend to cancer or increase medical, hospitalization, dental benefits... by adding additional products. It is known that "An Tam Vui Song 2.0" is the first product on the market with these special features.

Catering to the tastes of new customer groups

For customers aged 18 to 60 with suitable premiums and short payment terms, “An Tam Vui Song 2.0” is receiving the attention of many customers as it meets the need for risk protection while ensuring financial accumulation for customers.

Mr. Tran Van Hung (mechanical and electrical technician, working in Moc Chau district, Son La province), shared: “As the main breadwinner in the family, I have wanted to buy insurance for a long time but I was hesitant about whether I could follow it and pay the premiums for a long time, and if I had to pay a large premium each time, I would not be able to afford it. Therefore, I chose to buy the “An Tam Vui Song 2.0” package , which only requires paying the premiums for 10 years but is protected for up to 30 years. And if I ever need money to cover my living expenses or take care of my children’s future, then 20 years later when I stop participating in insurance, I am still committed to a refund of 110% of the premiums paid.

Ms. Do Thi Dinh (a trader, residing in An Lao district, Hai Phong city) said: “My family already has an investment-linked insurance contract, but I still bought Manulife’s “An Tam Vui Song 2.0”. If I live well, I can get back the premium I paid, and if I am unlucky enough to encounter any unexpected events, my husband and children will also receive a large enough insurance amount. No need to worry too much.”

Ms. Tina Nguyen, General Director of Manulife Vietnam shared: “After a turbulent 2023 that made people hesitant to participate in insurance, the insurance industry will need to focus on increasing customer confidence. Manulife Vietnam is committed to pioneering these efforts with initiatives that make insurance simpler, more transparent, and more professional. We have just successfully deployed the M-Pro insurance contract issuance monitoring process, ensuring that 100% of customers are properly and adequately advised. “An Tam Vui Song 2.0” continues to be another effort of ours to simplify insurance, meeting the new and growing needs of a segment of customers. With many outstanding benefits, the product is also a thank you from the Company to customers on the occasion of its 25th anniversary in Vietnam.”

As a member of the Manulife Financial Group from Canada with over 135 years of global operations, Manulife is one of the first foreign-invested life insurance companies licensed to operate in Vietnam, with a total charter capital of over VND 22,000 billion - the highest in the market today. 2024 marks the 25th anniversary of Manulife entering the Vietnamese market. On average, each month, Manulife Vietnam resolves about 50,000 claims for insurance benefits including health benefits and medical allowances from customers.

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