Sun Life Vietnam signs up GOFS to sell insurance

Tuesday, Mar 28, 2017 16:55

Representatives of two companies signed agreement. — VNS Photo

Canadian life insurer Sun Life Vietnam on Monday signed a three-year agreement with Global Online Financial Solutions Limited under which the latter will distribute its products.

Sun Life will have the chance to introduce its life insurance products to customers of Timo, a banking service provided by GOFS.

The products will be uploaded on the Timo mobile application and Sun Life staff will offer consultancy for them.

The agreement follows Sun Life Financial’s purchase of a 25 per cent stake in Crescent Asia Limited, GOFS’ parent.

Larry Madge, general director of Sun Life Vietnam, said the tie-up with Timo would strengthen his company’s position in the country.

He promised that his company would keep exploring ways to offer better solutions to customers in Việt Nam.

Sun Life last January bought out its local partner PVI Holdings and has established itself as a market leader and industry pioneer in pensions.

Timo is developed by Global Online Financial Solution Company and VPBank. — VNS

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