Life Insurance with Endowment (An Gia Tai Loc)

The best protection & saving plan for you and your family.

When you think about your financial needs and priorities, you always want to provide financial security for your family while saving your hard earned money wisely and safely.

The service is designed to bring you and your family peace of mind as well as the control over and healthy growth for your financial future.

Benefits and features

Protection

Should the insured suffer total and permanent disability due to accident before the plan matures, the policyholder will receive the increased savings target as a total and permanent disability benefit.

Should the insured’s death occur before the plan matures, the beneficiary will receive the increased savings target as a death benefit.

Savings

Choose a savings target or how much to put aside regularly

Choose the savings term - 09, 12, 15, 18, 21 years

Your initial target savings are guaranteed to increase by 5% each year from the 2nd anniversary onward

A guaranteed cash bonus equivalent to 20% of the initial saving target (Initial Sum Insured) is payable every 3 years, which you can accumulate at BaoViet Life to boost your savings or take as cash

Additional benefits

Accidental Dismemberment Insurance: If the insured suffers from partial & permanent disability due to accident, BaoViet Life will pay out an amount as the percentage of the sum insured for the reimbursement of your medical expenses (shown in the "Table of rate of payment").

Surgical Expenses Insurance: If the policyholder and/or the insured needs to have an operation for the care and treatment of sickness /disease & injury, BaoViet Life will pay out an amount as the percentage of the sum insured (shown in the "Table of rate of payment") as a financial support to bring customer the peace of mind in treatment. With this rider, BaoViet Life expands the insurance coverage up to 535 surgeons.

Hospitalization cost insurance: If the policyholder and/or the insured needs to be hospitalized for the care and treatment of sickness /disease & injury, BaoViet Life will pay out the hospitalization benefit as chosen by the policyholder with the maximum of up to 365 covered days per year. The list of hospitals to be covered by BaoViet Life includes up to 192 major hospitals across the country.

Waiver of Premium Insurance: Upon death or total and permanent disability happened to the policyholder of the main policy, BaoViet Life will waive all future premiums of the main policy and this attached rider.

Policyholder’s rights

Automatic premium loan;

Policy loan;

Policy reinstatement;

Surrender of policy;

Reduce the Sum Insured;

Paid-up policy.

Premium payment options

Flexible premium payment period: monthly, quarterly, semi-annually or annually.

Flexible premium payment method: by cash, bank transfer or standing instruction.

The premium is fixed through out the policy term.

How Life Insurance with Endowment works

Assuming a female, 30 years of age, takes up a 15-year term of Life Insurance with Endowment. Her Initial Sum Insured (initial target savings) is VND100 million.

Every year, her initial target savings are guaranteed to increase 5%, which is equivalent to VND5 million.

Every 3 years before the plan matures, she will receive a guaranteed cash bonus equivalent to 20% of the initial saving target, which equals to VND20 million.

If she chooses to accumulate the guaranteed cash bonus at Bao Viet to boost the savings and supposing the yearly interest rate is 8.75%, she will receive the total amount of VND326,079,600 on the maturity date.

The premium she has to pay is only VND40,200 per day (VND14,670,600 per year).

Illustration of insurance benefits (in million VND

Year	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15
Premium	14.7	14.7	14.7	14.7	14.7	14.7	14.7	14.7	14.7	14.7	14.7	14.7	14.7	14.7	14.7
SI	100	105	110	115	120	125	130	135	140	145	150	155	160	165	170
GCB			20			20			20			20
GCB + Interest			20	21.8	23.7	25.7	49.7	54.1	58.8	85.7	93.2	101.4	132	143.5	156.1
SI + GCB + Interest	100	105	130	136.8	143.7	150.7	179.7	189.1	198.8	230.7	243.2	256.4	292	308.5	326.1

Note: * SI: Sum Insured 

* GCB: Guaranteed Cash Bonus

Application criteria

The insured: Anyone aged 60 or below but not exceed 70 when the policy matures.

The policy holder: individual (from 18 years old) or organization who/which have insurable interest in the life of the Policy Insured.