Chubb Life Insurance Vietnam Company Ltd has launched the C Care Health Insurance product, its first stand-alone health insurance product, after the Ministry of Finance adjusted its licence, enabling it to sell health insurance. The product is available to customers aged one month to 60 years, who will be insured against cancer at different stages. The company will pay 50 per cent of the sum assured (up to VND500 million [US$22,000]) if the insured has early-stage cancer, and 100 per cent if it is late-stage. The premium will remain unchanged during each of the five-year term the policy is in effect. The company accepts diagnosis of cancers from hospitals in Viet Nam and many other countries, allowing customers to go abroad for treatment. Lam Hai Tuan, chairman and country president of Chubb Life in Viet Nam, said, “This is the first time we introduce a stand-alone health insurance product, which is not attached to a life insurance product. With the C Care product, we are one step closer to our goal of providing customers with a diversified and comprehensive product portfolio.” Chubb is the world’s largest publicly traded property and casualty insurance company. Chubb Life has been in Viet Nam since 2005. — VNS
Chubb Life Vietnam increases charter capital Chubb Life Insurance Vietnam Company Limited (Chubb Life Vietnam) today announced that its charter capital has been increased by more than VND150 billion (US$6.5 million). This marks the second charter capital increase in two years to support Chubb Life Vietnam’s rapid growth. Chubb Life Vietnam shareholder’s equity is now over VND1,550 billion. Mr. Lam Hai Tuan, Chairman and Country President of Chubb Life Vietnam, said: “Chubb Life Vietnam is focused on growth in this dynamic market. This increase in charter capital will support our strategy to maintain growing momentum in distribution expansion, service quality…... [read more]
Chubb Life Insurance Vietnam Company Limited (Chubb Life Vietnam) has announced that it has increased its chartered capital by more than VND 150 billion (US $6.5 million). — VNS Photo Chubb Life Insurance Vietnam Company Limited (Chubb Life Vietnam) has announced that it has increased its chartered capital by more than VND 150 billion (US $6.5 million). This marks the second capital hike in two years to support Chubb Life Vietnam's rapid growth. The company's shareholder equity is now over VND 1.55 trillion. Lam Hai Tuan, Chairman and Country president of Chubb Life Vietnam, said: "Chubb Life Vietnam is focused…... [read more]
Chubb Life Insurance Vietnam Company Limited (Chubb Life Vietnam) today announced the company’s continued support of four primary schools in Central Vietnam, which were sponsored and built with funds donated by the company from 2011 to 2014. Under the auspices of the Central Region Natural Disaster Prevention and Support Fund, the Chubb Charitable Foundation International and Chubb Life Vietnam have donated computers, books and equipment, valued at about VND 900 million ($41,000), to supply the libraries and study laboratory of four schools - Xuan Lam in Phu Yen province, Trieu Do No.1 in Quang Tri province, Quang Thanh No.2 in…... [read more]
Chubb today announced the official name change of its life insurance subsidiary in Vietnam from ACE Life to Chubb LifeThe company’s new name in Vietnam follows ACE Limited’s acquisition of The Chubb Corporation that was completed on January 14th, 2016, creating a global insurance leader operating in 54 countries under the renowned Chubb name. The new company combines Chubb, a venerable U.S.-based insurer with over 130 years of history, and ACE, a global leader known for its underwriting excellence and global presence. The new Chubb is the world’s largest publicly traded property and casualty insurer. Mr. Lam Hai Tuan, Chairman…... [read more]
Illustrative image (Source: VNA)HCM City (VNA) - ACE Life Vietnam has changed its name to Chubb Life Vietnam Insurance Company Ltd (Chubb Life) with effect from April 4 following its parent's acquisition of Chubb Corporation last January.The company said the new name would not affect the company's business and all rights and obligations with respect to existing clients and partners would remain unchanged."Our name is new but our commitment remains the same – to provide our customers, business partners, employees and other stakeholders with superior quality and service that both ACE and Chubb have developed over many years," Lam Hai…... [read more]
