Last updated: Wednesday, March 29, 2017
FWD Introduces Breakthrough Insurance Coverage with Least ExclusionsPosted: Wednesday, March 08, 2017
On March 7, FWD Vietnam Life Insurance Company Ltd. (“FWD Vietnam”) officially announced a minimised list of only two to six exclusions across all its insurance products.
This is currently the shortest exclusion list in the industry and a breakthrough for Vietnam insurance. This also marks an important milestone for FWD Vietnam on the journey to realise its vision to change the way people feel about insurance.
Anantharaman Sridharan, General Director of FWD Vietnam said, “We are proud to be the first life insurer in Vietnam to introduce the shortest and simplest list of insurance exclusions in the market, providing even better protection at no extra cost. Applying minimum exclusions enables our customers to follow their passions and live life to the fullest. This is a breakthrough for Vietnam and a vivid example of our core value to ‘dare to be different’.”
Ngo Trung Dung, Acting Secretary General of the Insurance Association of Vietnam said, “These changes in FWD’s insurance exclusions are an important milestone for Vietnam’s life insurance industry. This development will make insurance products simpler, easier to undertand and more relevant to customers in Vietnam.
FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore and Vietnam, offering life and medical insurance, general insurance and employee benefits across a number of its markets.