THE LEADING BANCASSURANCE PARTNERS IN VIETNAM FORM 15 YEAR PARTNERSHIP

 

(Hanoi – 22^nd Sep 2017) The leaders in bancassurance -  Techcombank and Manulife Vietnam - today announced that they have entered into an exclusive 15-year bancassurance agreement.



This is the first partnership converting from non-exclusive to exclusive in Vietnam after four years of cooperation, enabling Manulife Vietnam to distribute life insurance solutions to all of Techcombank’s customers, targeting insurance premiums collected over the next five years to be over VND 10 trillion.
 
This new partnership combines Techcombank’s extensive banking network and Manulife Vietnam’s insurance expertise to give customers one-stop financial centers for both banking and insurance solutions in Vietnam.  Techcombank’s current base of over 1.4 million retail customers and  future customers may access Manulife Vietnam’s suite of comprehensive life insurance solutions through the bank’s nationwide network of over 300 branches.
 

 
Customers will experience an unmatched combination of Techcombank’s premium service and benefit from Manulife’s  strong financial foundation and global experience.  Manulife, the largest life insurer in Canada, has one of the most diverse and rapidly growing footprints of any financial services company in Asia, with a 120-year track record and more than eight million customers across 12 markets in the region.  Manulife first established a presence in Vietnam in 1999 and has seen tremendous growth in recent times.
 
At the signing ceremony, QuocAnh NguyenLe, CEO of Techcombank, shared that “this partnership is a part of our comprehensive strategy of providing the best and most comprehensive financial solutions to meet the Vietnamese consumer’s increasing needs for financial services.”
 
Present at the signing ceremony, Michael Huddart, General Manager, Greater China and Emerging Markets, Manulife Asia commented, “Vietnam is a strategic growth market for Manulife Asia and this long term exclusive partnership with Techombank will help us better serve the fast evolving financial protection needs for customers in Vietnam.”
 
Paul Nguyen, CEO of Manulife Vietnam, also appreciated the partnership and said. “The strength and vision of our two companies are highly complementary, particularly our shared focus in providing extraordinary experiences for our customers.”
 

In addition to Manulife Vietnam’s existing product suite, Techcombank and Manulife Vietnam will focus significantly on developing new tailor-made products to best suit the unique needs of  Techcombank’s customers, both in terms of comprehensive features and outstanding value.   
 
Techcombank places significant focus on providing comprehensive financial solutions to meet consumer’s needs as their incomes rise along with Vietnam’s economic development, which in turn lead to greater demand for their own long-term financial security and that of their family.  With highly-trained  professionals whose focus is on delivering full suite of financial services and delighful customer experience, Techcombank strives to offer the highest value to satisfy Vietnam’s consumers.  Techcombank chose the renowned global insurance group Manulife as its partner to together further our customer centric approach.
 
QuocAnh NguyenLe explained, “We will work closely with Manulife and leverage our excellent services, distribution networks, as well as dedicated and experienced employees to bring added value to our customers.  This partnership is a tremendous win for our customers, who will gain access to leading insurance products linked to Techcombank’s outstanding customer service.  While this partnership is a win-win for insurer and bank, the biggest winner is our customers.”