Posted date: 11/11/2009 at 3:35 PM
Ho Chi Minh City – November 11, 2009, Dai-ichi Life Insurance Company of Vietnam, Ltd. (“Dai-ichi Life Vietnam”) has officially introduced to the market the Short-form life insurance application and the supplementary product called “Wave of Premium”. This product is applicable to the main product “An-Thinh Chu Toan” (or Universal Life product).
Accordingly, Dai-ichi Life Vietnam will officially commence using the Short-form application which is very simple and friendly used. Unlike previous application form of 31 questions, the new application form only comprises 5 questions. This new application is applied to customers in the age group of 0-45 years who purchase life insurance policies with sum assured value less than 200 millions VND. With the simplified procedure, customers can find it more convenience in filling out the form; the underwriting process will therefore take less time to issue the policy. This benefit is especially meaningful to first time life insurance customers who purchased life insurance at moderate sum assured values. Right now, Dai-ichi Life Vietnam is the first company simplifying the underwriting procedure through launching the greatly expectable “short-form”.
On the same occasion, Dai-ichi Life Vietnam has also officially introduced the new supplementary product called Wave of Premium for An-Thinh Chu Toan main product. During the policy duration, if the life insured of this product dies or engages to the total permanent disability, the company will automatically pay premium which is twice the basic paid premium until the maturity date of the supplementary product. On top of that, policy benefits of the main product An-Thinh Chu Toan such as changing the amount of policy; partial withdraw from the account value; paying extra premiums for higher investment returns; buying other supplementary products to increase insurance coverage or benefits, etc … are remained effective. The newly launched supplementary product - Wave of Premium - will provide customers more choices as well as supporting customers in maintaining and increasing the value of policies.
Mr. Takashi Fujii – Chief Executive Officer of Dai-ichi Life Vietnam said: “With the desire of providing better customers services, we have spent a lot of time and enthusiasm on product development and service quality improvement. Accordingly, increasing benefits for our customers is always a special interest of Dai-ichi Life Vietnam. We believe that with the Short-form application and the supplementary product of Wave of Premium, customers will feel more comfortable and more secure when participating life insurance at Dai-ichi Life Vietnam”
During the last 2 years, Dai-ichi Life Vietnam has introduced to the market many life insurance products receiving high appreciations and supports from customers such as Foundation For Success product (Nen Tang Thanh Cong), Anticipated Endowment product (An-Loc Tich Luy Gia Tang), etc., and most recently Universal Life Product (An-Thinh Chu Toan). In which, An- Thinh Chu Toan is especially interested with the highest interest rate (10.10% per year) compared to other universal life products in the market.