Manulife Vietnam, a top–three life insurer in Vietnam, today officially launches two new universal life (UL) products named “Manulife – My Dream,” designed for younger customers, and “Manulife – My Love” for people age 40 and above.
Whilst most life insurance products require a premium period of at least 10 years, these two new UL products are different in that they offer customers a shorter premium period of only six years with declining payment but still provide comprehensive financial protection against death and 31 critical illnesses and hospitalization benefit up to VND 1 million per day. These new UL products also offer an attractive saving solution in accordance with the actual investment rate. The current investment rate announced by the Company is 8.04 per cent per year (*).
In addition, “Manulife – My Dream”, enables young people to enjoy their life adventures while helping to minimize worries about financial and health issues. “Manulife – My Love,” meanwhile, brings to over-40s peace of mind and lasting comfort via secured financial plans. Manulife Vietnam believes that these new UL products will provide comprehensive financial solutions for young and over 40-year olds who want to fund their policies quickly.
Mr. Chung Ba Phuong, CEO of Manulife Vietnam said, “With our need-based selling strategy, we are determined to diversify our product portfolio to meet the specific demands of our customers and ensure satisfaction for them and their families. These new products suit our higher income customers who want long-term protection and are able to fund their policies in a short period of time.”
* As of September 2012; this rate varies monthly and depends on the actual investment condition.