Sun Life Vietnam has become one of the three life insurance companies with the largest charter capital currently operating in Việt Nam. — Photo courtesy of the company

Following approval from the Ministry of Finance, Sun Life Vietnam Insurance Company Limited (Sun Life Vietnam) recently increased its charter capital from VNĐ16.48 trillion to more than VNĐ17.94 trillion.

With the additional VND1.46 trillion of capital, Sun Life Vietnam has become one of the three life insurance companies with the largest charter capital currently operating in Việt Nam.

The strong development in terms of operational scale, human resources, office systems and service centres to better serve clients in Việt Nam is a result of Sun Life’s commitment to long-term investment in Việt Nam, where it has operated since 2013. The increased financial strength along with the solid development foundation built through 160 years of global experience, reinforces the assurance of outstanding capabilities to meet the ever-growing needs of Vietnamese clients in the years to come.

Luc Nhon Ly, CEO of Sun Life Vietnam, said: “With the strength and management experience of Sun Life, coupled with our local strategy, a pioneering brand, and a strong, motivated workforce, we are confident in our ability to create high-quality products and services, and help our clients and the community achieve their health and wealth goals and live brighter lives.”

With solutions focusing on experiences, values, and authentic touchpoints tailored to the diverse needs of each individual, Sun Life Vietnam is providing financial security and health protection for over 300,000 clients, including both individuals and companies in Việt Nam.

Sun Life Vietnam is a member of Sun Life - a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional clients. Sun Life has operations in 28 markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Việt Nam, Malaysia and Bermuda. As of December 31, 2023, Sun Life had total assets under management of $1.4 trillion. — VNS