In order to express the gratitude to loyal customers who have been with us during our 15 year journey, Baoviet Life launched a new financial solution, a new life insurance product called "An Phuc Gia Loc" for rollover customers. Each customer of Baoviet Life with a matured life insurance policy can be offered a renewal with "An Phuc Gia Loc" product and benefit from its additional favorable features.
Every customer signing the "An Phuc Gia Loc" policy will be rewarded a 10% discount of the premium for the first year of the main policy.
Another incentive is, the product’s investment interest rate is 5% per year minimum, and applied for the whole contract duration.
Furthermore, customers have an option to increase the sum insured by 5% per year to protect themselves financially against inflation impacts.
In addition to this, Baoviet Life will pay the policy retention benefit for customers on the maturity date. The amount is defined on the basis of the business results of the universalize fund, premium payment history of customers. This benefit is designed for loyal customers who continuously wish to renew the policy to achieve their financial targets as set out.
One more advantage is the flexibility of the product, which allows the adjustment of "insurance", "saving" and "investment" needs, premium payment and other features to better align with customers’ financial capacity, insurance needs, and saving needs in each policy period.
The last great point is, "An Phuc Gia Loc" customers will be exempted from the waiting period for mortality risk caused by illness and diseases. Also Baoviet Life extends the benefits for total and permanent disability for all unforeseeable causes and all ages.
Mr Nguyen Duc Tuan, Chief Executive of Baoviet Life said, "The development of “An Phuc Gia Loc” product was originated from the crucial needs to protect life in any period of time. An Phuc Gia Loc was launched to meet the needs of our matured customers and provide them with another product with advanced features to ensure their financially stable life and peace of mind in the future."
As an incentive for the first customers after the product launch, Baoviet Life introduced a promotion campaign named "Tan huong uu dai, Hai niem vui chung".
Under this campaign, customers who buy An Phuc Gia Loc product in September and October 2011 with the premium of 4 million VND or more will get a nice backpack.
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