FWD and Vietcombank tie up for exclusive investment-linked insurance product

Thursday, Mar 18, 2021 15:30

FWD Nang Tam Vi The, an investment-linked insurance product, is exclusively distributed nation-wide by Vietcombank

FWD Vietnam Life Insurance Co., Ltd. has launched an investment-linked insurance product, FWD Nang Tam Vi The (FWD Elevating Success), with many outstanding benefits to customers both in the form of life insurance cover and investment.

The product is exclusively distributed by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) through its nearly 600 offices nation-wide.

When buying an FWD Nang Tam Vi The (FWD Elevating Success) policy, customers are protected against death, total and permanent disability. Besides, they can flexibly increase protection against risks such as hospitalisation, surgeries, critical illness, accidents, etc with various rider options.

The product also offers an unprecedented breakthrough benefit in form of an automatic increase in the sum assured by 15 per cent every three years without the need for medical re-underwriting or changes to the target premium.

This is a meaningful benefit that helps customers enhance their protection value over time.

Nguyen Thi Kim Oanh, Deputy General Director of Vietcombank, said: “Vietcombank’s customers have been expressing their need for an insurance product that combines protection and investment in one place. “FWD Nang Tam Vi The (FWD Elevating Success)” is a perfect solution to meet this demand. We are impressed by the speed at which FWD Insurance builds and launches their products, and together with positive early results recorded from our partnership, the launch of this new product will allow both companies to accelerate in the coming years.”

Huynh Huu Khang, CEO of FWD Vietnam, said: “FWD Nang Tam Vi The (FWD Elevating Success)” is an easy-to-use product, developed to meet the changing needs of today's digital lifestyle and brings our vision to life as we strive to change the way people feel about insurance. It offers great benefits for Vietcombank customers where both protection and investment are offered under one single product. Digital technology is a strength of both Vietcombank and FWD Insurance and this collaboration showcases our innovation and customer led approach at its best.”

In addition to solid protection, FWD Nang Tam Vi The (FWD Elevating Success) also offers an attractive wealth growth opportunity through the investment advantages of FWD Unit-linked Fund. With 3 simple and easy-to-understand options of FWD Unit-linked funds (Conservative, Progressive and Aggressive) that range from low risk to high risk, customers can flexibly design investment plans to match their risk appetite.

FWD Nang Tam Vi The (FWD Elevating Success) also offers flexibility and convenience where customers can invest more, convert funds, change allocation rates, or withdraw money anytime.. Customers can also easily track their investments or update fund performance online.

The product also provides other special benefits such as periodic and special policy persistency bonuses to ensure the account value grows during the policy period.

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