Shinhan Life Insurance Vietnam Limited Liability Company (“Shinhan Life Vietnam”) and Shinhan Vietnam Finance Company Ltd. (“Shinhan Finance”) officially signed a strategic partnership agreement on June 28.

Under the framework of the agreement, Shinhan Finance will provide Shinhan Life's life insurance products on Shinhan Finance's distribution channels.

“Besides an increasingly diversified life insurance product portfolio, Shinhan Life continues to focus on developing distribution channels, especially business cooperation with Shinhan Group companies," said Lee Eui Chul, General Director of Shinhan Life Vietnam.

"In recent years, Vietnamese customers have become more aware of the importance of life insurance, and we will proactively seize these opportunities to provide suitable financial plans for customers. The cooperation with Shinhan Finance will open up new opportunities in terms of product portfolio, customer source and suitable financial services, and at the same time demonstrate Shinhan Life's long-term commitment to the Vietnamese market in the future."

Through the cooperation, the two partners aim to expand services, diversify products, better serve the increasing insurance needs, to bring convenient financial solutions to Vietnamese customers.

Starting from June 2022, Shinhan Finance will consult and introduce life insurance products of Shinhan Life Vietnam to Shinhan Finance customers nationwide, beginning with Shinhan – Credit (a protection product for loan borrowers).

“Through the cooperation program with Shinhan Life Vietnam, Shinhan Finance's customers will find it easier and more convenient to access insurance services, and feel more secure when using the company's financial services, said General Director of Shinhan Finance Oh TaeJoon.

“Shinhan Finance will continue bringing customers new experiences and values when using the company's financial products and services. We will constantly create superior financial solutions and make meaningful contributions to the community.” — VNS