Hanwha Life Vietnam has signed an agreement with Viettel Post Joint Stock Corporation (Viettel Post) on the distribution of insurance products, marking a new trend in diversifying distribution channels life insurance market.
According to the agreement, the two parties will take advantage of their strengths to offer financial solutions and the best services to customers. Viettel Post will distribute Hanwha Life Vietnam’s products that have been trusted by nearly 1 million Vietnamese customers.
In addition, Viettel Post’s customers can access Hanwha Life Vietnam’s financial solutions via direct sales and referral. At the system of post offices, stores, and transaction points of Viettel Post, professional and dedicated financial advisors of Hanwha Life Vietnam will offer consulting services to customers.
Diversifying distribution channels through strengthening cooperation with partners in other fields to take advantage of customer service networks of each other for further development is a direction promoted by enterprises in recent years.
“We are comprehensively cooperating with Viettel Post from fee collection service, fee payment by Viettel Pay," said Dao Duy Ninh, Chief Distribution Officer of Hanwha Life Vietnam.
"I believe that this cooperation not only contributes to accelerating the development of Viet Nam’s life insurance market, through the expansion of distribution channels for a big market of 96 million people, just 10.5 per cent of whom have had life insurance policies, but also creates a new business development opportunity for both parties, and a chance for Hanwha Life Vietnam to provide comprehensive financial solutions and add more values to Viettel Post’s customers."
Deputy General Director of Viettel Post Nguyen Thanh Nhuong said that Viettel Post’s network of more than 800 telecom service outlets, nearly 1,000 post offices and over 30,000 points of sale in all 63 provinces and cities nationwide would be an advantage for Viettel Post to bring financial solutions of Hanwha Life Vietnam to the people, as well as life insurance to offer more added values and services to customers of Viettel Post.
In a bid to realise the mission to bring comprehensive financial protection solutions to all Vietnamese people, Hanwha Life Vietnam is striving to diversify its distribution channels and expand its network. Meanwhile, Viettel Post plans to increase the customer experience with quality products in the most accessible way.
The collaboration with Viettel Post - the enterprise with the leading logistics network nationwide - will enable Hanwha Life Vietnam to bring its products to clients and enhance their experiences. Aside from serving urban customers, the cooperation is expected to help people in remote and rural areas save time in choosing suitable insurance products to protect their future and their families. — VNS