Bao Viet Life Insurance Sets Strong Foothold in Vietnam
Vietnam’s largest state run life insurance company, Bao Viet, following 10 years of operations, has set a firm foothold in the country’s life insurance market with some four million clients or 27.38 per cent of total life insurance buyers in Vietnam.
Bao Vietnam has so far posted total insurance payments of more than VND1.8 trillion.
Bao Viet has gained profits since 2003. Total life insurance premiums have recorded nearly VND13 trillion, moreover, the company has reinvested into the economy more than VND10 trillion.
To date, the company has introducing more than 40 life insurance products in the market.
Since January 1, 2004 Bao Viet Life Insurance has become a member of the Bao Viet Group. The company owns chartered capital of VND1.5 trillion and 61 subsidiaries, more than 500 offices and employs nearly 30,000 consultants nationwide.
In 2005, the company booked a total revenue of nearly VND4 trillion.
Bao Viet is now the largest state-invested insurance company in Vietnam. It was also selected among the top ten prestigious brands in 2005.
Vietnam Economic Times
Vietnamese
