FWD rolls out new universal life product

Monday, Jan 08, 2018 15:50

A staff of FWD introduces new product to customer. — VNS Photo

FWD Vietnam Life Insurance Company has launched a new universal life product called FWD Don dau thay doi combining long-term protection and short-term investment.

FWD described it as a breakthrough product that would make access to life insurance faster and easier for customers.

It also offers an e-withdrawal solution, the first of its kind in the market. Anantharaman Sridharan, FWD’s general director, said: “FWD Don dau thay doi also offers total and permanent disability income support. In addition to the policy benefit, FWD will pay an additional benefit of 50 per cent sum insured to help customers reduce their financial burden in the event of income loss. "Another prominent benefit is the refund of all accumulated costs of insurance paid during the policy term when policyholders reach 80 years of age. This is a meaningful gift that FWD offers to customers in return for their trust and to encourage them to celebrate living."

The age limit for customers to buy this new product is 70.

FWD Group has a presence in Hong Kong and Macau, Thailand, Indonesia, the Philippines, Singapore, Viet Nam, and Japan, and offers life and medical insurance, general insurance and employee benefits in several of the markets. — VNS

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