Individual and corporate customers buying Dai-ichi Life Vietnam’s insurance products through Sacombank from now until August 31 will get a refund of up to VND10 million (US$425.6) under the bank’s two attractive cashback programmes valued up to VND7.8 billion ($332,000).

Customers buying new insurance policies with premiums worth at least VND20 million a year and registering for the bank’s premium payment entrustment services will get a refund of VND500,000 to VND10 million (applicable until the end of July 31).

Customers paying premiums for a second or third year of at least VND15 million will be refunded from VND100,000 to VND600,000 when registering or using the payment entrustment service (applicable until August 31).

Sacombank also offers permanent incentives for customers buying insurance products from Dai-ichi such as a refund of up to 30 per cent for new contracts, a refund of fees for converting to zero per cent installment payments, and many special gifts.

Sacombank has been an exclusive insurance agent of Dai-ichi Life Vietnam since September 2017.

After more than five years of their bancassurance partnership, the two are taking care of financial planning for more than 460,000 families with a second year contract retention rate of more than 85 per cent, which underscores the quality of initial consultation and after-sales service of the bank.

To date, Sacombank and Dai-ichi Life Vietnam have paid insurance benefits to 19,915 customers with an amount of up to VND329 billion ($14 million).

During the cooperation process, the two sides are constantly improving and updating new technology trends to optimize customer experience, improve their governance capacity, and pursue sustainable development. — VNS