Generali Vietnam Life Insurance LLClaunches a unit-linked insurance product called “Vita-Song Thinh Vuong” in HCM City on Sunday. — Photo courtesy of Generali Vietnam

Generali Vietnam Life Insurance LLC on Sunday launched a new product called “Vita-Song Thinh Vuong” (Vita – Live Prosperously), a 2-in-1 insurance solution that offers both an investment solution and protection.

Tina Nguyen, Generali Vietnam CEO, said: "Vita-Song Thinh Vuong's key competitive differentiator in the Viet Nam life insurance market is the fact that it helps customers optimise profitability when the four investment-linked funds are managed by VinaCaptial and VietFund Management, the top two fund management companies in Viet Nam.

“In addition, customers can customise their investment options with flexible selection of funds to better suit their personal risk appetite and profitability expectation. Generali’s customers can also change up their investment plan among these four funds throughout the year.”

Accordingly, customers can switch funds, withdraw money, top up premium, change funds allocation ratio, premium holidays, and others.

They will enjoy attractive benefits and rewards such as a regular bonus equivalent to 3 per cent of policy account value and special bonus of up to 225 per cent of first year premium.

They are assured of 100 per cent sum assured and policy account value in the event of death or permanent bismemberment and an additional 100 per cent of sum assured in the event of accidental death, and are protected against other events such as critical illnesses, hospitalization, and others when adding riders.

Tina said: “As a strong testament to Generali’s motto of ‘Simpler, Smarter, Customer centric’, this 2-in-1 insurance product meets customer’s needs for a comprehensive protection plan against life’s risks and an additional pre-eminent investment channel.” — VNS