AIA inks 15-year bancassurance deal in Vietnam

October 27 2017 by InsuranceAsia News Staff

AIA Vietnam and VPBank have signed a 15-year exclusive bancassurance partnership agreement, which will see AIA’s insurance products offered across the bank’s nationwide network of 215 branches and transaction offices.

According to reports, the deal makes VPBank the first bank in Vietnam to offer insurance integrated with wellness.

AIA Vietnam CEO Wayne Besant said the partnership with VPBank highlights the insurer’s commitment to deliver value-added wellness, protection, and long-term savings solutions to VPBank customers.

For his part, VPBank CEO Nguyen Duc Vinh said the bank has always viewed bancassurance as an integral and strategic aspiration.

The 15-year exclusive partnership deal will allow AIA Vietnam and VPBank to jointly invest in and commit to creating a market-leading bancassurance platform.

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