Manulife Vietnam launches new Happy Journey product in the Vietnamese market. – VNS Photo

Life insurer Manulife Vietnam on Thursday unveiled a new product called “Happy Journey” targeted exclusively for the Vietnamese market.

The new product, brought to the market after four years of research and development, is designed to offer customers a comprehensive solution for saving and investment purposes, as well as a solid financial protection solution.

Manulife said that customers would be offered the same or higher interest rate provided by banks.

In addition, the company will pay customers' loyalty bonuses and special bonuses for some special occasions. Money withdrawal will be free during the entire time of the contract.

The fee and the time to join a contract is flexible, starting from VND7 million (US$340) per year, the company said, adding that there is no management fee for the first period of the contract and for people over 85 years old.

The Happy Journey product can be used for the entire family with many additional products.

Manulife Vietnam is a member of Manulife Financial whose headquarters is in Canada.

In 1999, Manulife Vietnam became the first foreign life insurer operating in Viet Nam. The company is the biggest life insurer company in the country in terms of registered capital. – VNS