“Shinhan – Sống An Vui” is an effective combination of protection and savings to provide a comprehensive financial solution against risks, while helping customers and their families fulfill long-term plans with a back-up fund for future needs. — Photo courtesy of the company

Shinhan Life Insurance Vietnam officially introduced a new endowment insurance product, "Shinhan – Sống An Vui”, with enhanced protection benefits in the market of Việt Nam.

“Shinhan – Sống An Vui” is an effective combination of protection and savings to provide a comprehensive financial solution against risks, while helping customers and their families fulfill long-term plans with a back-up fund for future needs.

The new product offers a set of three advanced protection solutions, not only protecting against three common critical illnesses but also sharing the burden of hospital bills and surgery costs, as well as increasing protection against the risk of death or total permanent disability. It covers medical expenses, including hospital income for each day of hospitalisation, double the benefit when hospitalised in the Intensive Care Unit, and surgical cost support for illness or injury treatment. For those in critical illness, insurance benefits will include financial support up to 100 per cent of the insurance amount and exemption of premiums for the remaining period of the contract if the insured person unfortunately suffers from cancer, stroke, and heart attack.

For death or total permanent disability cases, insurance benefits will include 150 per cent of the Sum Assured or total premium paid, whichever is greater. In addition, Shinhan Life Vietnam will pay an additional 100 per cent of the Sum Assured if the Insured Person unfortunately has an accident leading to death or Total and Permanent Disability.

In addition to protection benefits, with Savings Benefits and Maturity Benefits with a total amount paid up to 150 per cent of the Sum Assured, "Shinhan - Sống An Vui" will support its customers to build their savings plan to build a solid foundation on the journey to complete future goals. The product is designed with many contract term options from 10 years to 25 years to help customers proactively build financial plans for themselves and their families.

Officially operating in Việt Nam since January 2022, Shinhan Life Vietnam has been developing strongly through a product portfolio that meets many customer needs and diverse distribution channels such as Bancassurance and telemarketing channels, corporate agents, and cooperation with subsidiaries in Shinhan Financial Group. In particular, the newly launched FC channel (Financial Consultant channel) is expected to assist the company achieve its long-term growth goals in the future. — VNS