It is known that Mr. NMH is a customer who purchased insurance through FWD's bancassurance channel. During the promotion period, Mr. NMH paid the insurance premium to restore the insurance contract and was lucky to win the prize of a Mercedes-Benz C 200 Avantgarde.
After more than 3 months, the program "Contract Restoration - Drive a luxury car home" implemented by FWD Insurance has officially ended with the ceremony of handing over Mercedes-Benz C 200 Avantgarde to NMH customers.
In life insurance, if customers participate in insurance without clearly understanding the purpose and function of insurance, it is very easy to lead to the situation of canceling the insurance contract in the middle. Regardless of the cause, stopping paying premiums leading to the invalidity of the insurance contract will cause damage to the customer.
Specifically, if the insurance contract is canceled within the first 2-3 years, the customer will suffer a large financial loss because the fees related to contract management are usually quite high in the first years and gradually decrease in the following years. Normally, it is only from the 10th year onwards that the refund value is equivalent to or higher than the amount of fees that the customer has paid.
In addition, risks in life can come at any time, so customers need to be protected continuously and without interruption. In addition to protection benefits, customers also ensure long-term accumulation benefits under the insurance contract for future plans. In particular, another benefit that few people pay attention to is that the earlier they participate in insurance, the lower the insurance premium. Therefore, when customers maintain a long-term insurance contract, it means that customers are maintained at a fixed insurance premium over the years, reducing the risk of being denied insurance when they are old or have signs of health risks.
The "Contract Reinstatement - Drive a Luxury Car Home" program is one of the meaningful efforts of FWD Insurance to help customers continue to pay premiums to reinstate their insurance contracts, minimize unfortunate damages to customers, and help customers continue to maintain protection benefits and long-term accumulation benefits under the insurance contract. In addition, this practical activity of FWD also contributes to building customer confidence in the insurance market.
Chau An
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