Generali Vietnam Launches the First Comprehensive Critical Illness Plan in Vietnam

Generali Vietnam Life Insurance LLC (“Generali Vietnam”) has launched the first comprehensive 2-in-1 insurance plan in the market. The plan VITA – Bảo An Toàn Diện offers both savings and critical illness coverage that will protect customers against the increasing risks of critical illnesses.

VITA - Bảo An Toàn Diện product features:

• Coverage for 99 critical illnesses up to 275% of sum assured (SA) and waiver of premium benefit when the life asusred is diagnosed with critical illness
• Covered short term financial needs with cash benefit of 5% of SA payable every 5 years
• Benefit for a comfortable life in old age with special cash benefit at the age of 75, up to 200% of SA and loyalty additions.
• Protection for your child with financial support benefit for parents
• Death benefit of when the life assured passes away from the age of 75 with 100% of SA.

With VITA – Bảo An Toàn Diện, while the maximum premium term is only 20 years, customers shall be covered until the age of 99, with total benefits can top out at 375% of SA. When diagnosed with a critical illness in our list of 99 common critical illnesses, the life assured will receive up to 2 payments for early-stage critical illnesses, and up to 2 payments for late-stage critical illnesses. Particularly, for diabetic complications which are quite common in Vietnam, Generali Vietnam shall make an additional payment of 25% of SA to provide support for continuous treatment.

Said Ms. Tina Nguyen, CEO of Generali Vietnam, “Despite our short history, we have established a successful track record in providing suitable, practical and affordable financial solutions for customers. VITA - Bảo An Toàn Diện plays up our motto of being “simpler, smarter, truly customer centric.”

For the first time in Vietnam, customers can now access a plan that offers peace of mind from rising medical costs and protects their quality of life at the same time. Positive feedback of the plan makes us confident that this will benefit many people looking for protection before, during and even after a critical illness occurs.”

VITA - Bảo An Toàn Diện follows the launch of another health rider plan, VITA - Golden Health, launched in December 2016. VITA – Golden Health provides coverage across Asia and pays for all cancer treatment expenses up to VND 1 billion. Together, these health plans will allow customers to have more financial flexibility and comprehensive protection for themselves and their families.

TKD