SHINHAN LIFE OFFICIALLY LAUNCHES LIFE INSURANCE BUSINESS IN VIETNAM
25-01-2022
Ho Chi Minh City, January 25, 2022 - Shinhan Life Insurance Vietnam Limited Liability Company (Shinhan Life) today officially launched its brand and announced its business operations in Vietnam. The opening ceremony was held at Shinhan Life's Head Office at 20th floor, Friendship Tower, 31 Le Duan, Ben Nghe Ward, District 1, HCMC. This is an important milestone that begins Shinhan Life's journey towards providing the best insurance products and services to Vietnamese customers.
Mr. Lee EuiChul, General Director of Shinhan Life Vietnam, shared, “We are very proud of the event of official opening and business launch in the Vietnamese market. Shinhan Life was granted its License of establishment and operation by the Ministry of Finance on February 8, 2021. After 9 months of preparation, despite facing many difficulties due to the Covid-19 pandemic, with the effort of all employees, the company still promptly completed the internal operating infrastructure and procedure set to be ready for business.”
Shinhan Life also officially introduced the company's first insurance product - Shinhan - An Binh - A health product of Blood Cancer protection for children. Marking business activities with this product, Shinhan expressed the desire to accompany Vietnamese parents in their journey to protect children, helping Vietnamese families live happily every day. 5,000 insurance policies will be awarded free of charge to 5,000 customers nationwide for one month. Through this social-oriented activity, Shinhan Life Vietnam wishes customers' families to be better prepared for the future, to enjoy life with peace of mind. For more information on free insurance, please visit the Shinhan Life Online Insurance website: sales.shinhanlifevn.com.vn.
Mr. Lee EuiChul added: As a newcomer to the market, but with extensive experience in the insurance and financial sectors from the parent company Shinhan Life Korea, we are confident to bring new and exciting experiences for customers about differentiated products, distribution channels and services that have not yet been exploited by the market. Specifically, in the initial period of operation, we will focus on developing independent health insurance products for children and providing free leukemia insurance for children through digital platform… In the next phase, we will soon establish a product distribution channel via telemarketing and digital to soon gain the advantage of protective insurance. Recently, because of the Covid-19 pandemic, consumers have faced important changes in consumer awareness, demand and behavior, especially in health-related products. We hope that the importance of life insurance has become more recognized, thereby increasing the insurance penetration rate of Vietnamese people compared to other countries in the region.”
Within the framework of the official business launching ceremony, Shinhan Life's leaders and employees were honored to receive warm congratulations from representatives of the Ministry of Finance of Vietnam, the Korean Embassy in Vietnam, the Korean Financial Supervisory Service and the leaders of Shinhan Financial Group, the parent company Shinhan Life and Shinhan Group companies in Vietnam. All members of Shinhan Life Vietnam will do their best in the coming time to build a "Secure, Creative, Friendly" company, bringing new and surprising values to Vietnamese customers. In cooperation with Shinhan group companies in Vietnam, Shinhan Life will provide comprehensive financial services to customers from the perspective of One Shinhan Group Synergy.
About Shinhan Life Vietnam
Shinhan Life Insurance Vietnam Limited Liability Company entered the Vietnamese insurance market from February 2021, headquarters in Ho Chi Minh City, operates in the fields of life insurance, health insurance, and financial investment. With charter capital of VND 2,320 billion, fully contributed by its parent company Shinhan Life Insurance Corporation, Shinhan Life officially launched and operated its business in Vietnam in January 2022.
For more information, please visit: https://shinhanlifevn.com.vn
Contact point:
Trần Thị Tuyết Minh – Head of Marketing
Phone: 028 730 09920
Email: minhtran@shinhan.com or minhtran@shinhanlife.biz.vn