In a press release, Lam Hai Tuan, chairman and country president of ACE Life Viet Nam, said with all the benefits it packages, the new product is an enhancement of the company's existing life insurance series.— Photo dddn

HCM CITY (Biz Hub) – ACE Life Insurance Company Ltd on Monday launched a new universal life product called Premier Universal Life 2013.

In addition to the basic benefits available in the main plan, customers can also select supplementary benefits like hospitalisation and disability coverage and extra payment for accidental death abroad.

A universal life policy, unlike a term life policy, provides coverage for the whole life of the customer as well as builds cash values.

In a press release, Lam Hai Tuan, chairman and country president of ACE Life Viet Nam, said with all the benefits it packages, the new product is an enhancement of the company's existing life insurance series.

It is designed to optimise customers' benefits and meet their financial needs against unexpected risks, he said. — VNS