Phung Ba Khang (L), head of Actuary at Generali Vietnam, introduces a new product, VITA-Bao An Toan Dien. — VNS Photo

Generali Vietnam Life Insurance LLC has launched a comprehensive plan offering savings and insurance called VITA – Bao An Toan Dien, which covers 99 critical illnesses.

While the maximum premium term is only 20 years, customers are covered until the age of 99, with total benefits topping out at 375 per cent of the sum assured.

When diagnosed with a critical illness in the list of 99, the insured person will receive up to two payments for the early stage and up to two payments for the late stage.

For diabetic complications, which are quite common in Viet Nam, the company will make an additional payment of 25 per cent to enable continuous treatment.

Tina Nguyen, CEO of Generali Vietnam, said: “For the first time in Viet Nam, customers can now access a plan that offers peace of mind from rising medical costs and protects their quality of life at the same time.

“Positive feedback for the plan makes us confident this will benefit many people looking for protection before, during and even after a critical illness occurs.

Generali Vietnam is a member of Italy’s Generali Group. After five years in the country it has around 160,000 customers and insured employees of over 500 Vietnamese and foreign-owned companies. — VNS