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