Insurance company Hanwha Life Vietnam has announced that it develops and introduces cancer protection products in the local market.

Called Hanwha Life – Your Companion and Hanwha Life – Your Companion (Sharing - Resilience), these two cancer protection products help consumers approach cancer insurance with simple procedures and a reasonable price. They can ensure finance security when confronted with cancer, the most dangerous and costly disease.

The product offers customers a pro-active finance plan for cancer as Hanwha Life Vietnam has committed to protect customers at any stage of cancer of any organ. It provides simplified and guaranteed underwriting with only three questions and flexibility in protection terms from three, five, seven or 10 years.

Back Jong Kook, CEO and chairman of the Members Council of Hanwha Life Vietnam, said that in recent years, Việt Nam has seen more cancer cases, with most cancer patients found in the late stage that leads to difficult treatment and high expenditures.

Understanding the concern of customers, Hanwha Life Vietnam wants Hanwha Life - Companions to not only help customers easily access insurance products but also support financing and offer a sharing spirit to customers trying to overcome a difficult period.

Hanwha Life Vietnam is a life insurance firm offering a diverse portfolio of products that provide multi-layer protection and are customised to cater to consumers’ various needs.

In 2018 alone, Hanwha Life Vietnam spent VNĐ125 billion (US$5.48 billion) in insurance claims for its local customers. With robust investment strategies that are closely connected to the local market, in July 2018, Hanwha Life Vietnam increased its charter capital from VNĐ1.9 trillion ($83 billion) to VNĐ4.9 trillion ($215 million) to become one of the most well-funded life insurance companies in Viet Nam. — VNS