FWD Vietnam Life Insurance Company Ltd. ("FWD Insurance") is delighted to launch "FWD Elevating Success", a unit-linked insurance plan providing protection and wealth creation benefits in one single product. The product will be distributed exclusively at 600 branches of Vietcombank across Vietnam.
"FWD Elevating Success" provides coverage for death, total and permanent disability, and the flexibility to enhance protection against hospitalisation, surgeries, critical illnesses, accidents, etc. with various rider options. To help customers enhance the protection value over time, the sum assured will automatically increase by 15% every three years without the need for medical re-underwriting or changes to the target premium.
Nguyen Thi Kim Oanh, Deputy General Director of Vietcombank said: "Vietcombank's customers have been expressing their need for an insurance product that combines protection and investment in one place. "FWD Elevating Success" is a perfect solution to meet this demand. We are impressed by the speed at which FWD Insurance builds and launches their products, and together with positive early results recorded from our partnership, the launch of this new product will allow both companies to accelerate in the coming years."
Huynh Huu Khang, CEO of FWD Vietnam said: "FWD Elevating Success" is an easy-to-use product, developed to meet the changing needs of today's digital lifestyle and brings our vision to life as we strive to change the way people feel about insurance. It offers great benefits for Vietcombank customers where both protection and investment are offered under one single product. Digital technology is a strength of both Vietcombank and FWD Insurance and this collaboration showcases our innovation and customer led approach at its best."
"FWD Elevating Success" helps customers to grow their wealth through the simple and easy-to-understand performance from three options of FWD unit-linked funds (Conservative, Progressive and Aggressive) that range from low risk to high risk. Customers can flexibly design investment plans to matchtheir risk appetite.
FWD Insurance is a leading insurer in providing investment portfolios related to stocks from three industries: real estate, finance and banking, and FMCG, with strong and solid growth. This advantage helps customers easily manage and adjust plans to optimise investment opportunities.
"FWD Elevating Success" also offers flexibility and convenience where customers can invest more, convert funds, change allocation rates, or withdraw money anytime. Customers can also easily track their investments or update fund performance online.
The product also provides other special benefits such as periodic and special policy persistency bonuses to ensure the account value grows during the policy period.
Established in 1963, Vietcombank is currently the leading commercial bank in Vietnam with total assets of 50 billion USD and highest market capitalization among credit institutions listed on Vietnam's stock market.
Vietcombank currently has over 18,000 employees with a nationwide operation network throughout Vietnam including the Head Office in Hanoi and over 550 branches and transaction offices across the country.
As a multifunctional bank with strengths in both wholesale, retail and investment services and pioneering in applying the best international standards, Vietcombank is always ready to provide its customers with modern and best financial and banking services.
Vietcombankss strategic goal to 2025 and vision to 2030 is to firmly consolidate the No. 1 position in Vietnam, ranked among the 100 largest banks in Asia, one of the 300 largest banking and financial groups in the world, one of the 1,000 largest listed companies globally, positively contributing to the growth of Vietnam. .
For more information please visit webiste www.vietcombank.com.vn
About FWD Vietnam
FWD Vietnam was established in 2016 and is a member of FWD Group, a leading Asian-pan life insurer. With the priority strategy on digital development, FWD Vietnam is a differentiated insurance company, with a solid foundation based on its strengths: breakthrough products; high-quality distribution channels; digitised business processes and differentiated branding strategies.
FWD Vietnam is consistently recognised as one of the fastest-growing life insurance companies in the market..
For more information please visit www.fwd.com.vn
Mr. Nguyen Huu Kien
Deputy Director, Public Relations Department
Tel: (024) 3934 3137 (Ext.:1966)
Mr. Nguyen Ngoc Thuy
Head of Marketing
Tel: (028) 6256 3688