MB Life's new solutions include: the core product An Vui Tron Doi (Lifelong Happiness), critical illness insurance (with three versions: child, standard, and enhanced), healthcare insurance, the specialized Phu Nu Toa Sang (Radiant Women) insurance package, and the Toan Gia Hanh Phuc (Whole Family Happiness) insurance combo.
An Vui Tron Doi is a universal life insurance product combining protection and savings. The product extends the participation age up to 70, with a maximum coverage period of 100 years. Buyers can enhance benefits through supplementary packages such as critical illness insurance or healthcare cards.
Customers who maintain their contracts for over 10 years will receive an additional bonus of up to 200% of the insured amount. The multi-stage benefit payout based on illness progression helps participants maintain financial stability and focus on recovery.
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The universal life insurance product An Vui Tron Doi offers coverage for up to 100 years. Photo: MB Life |
The universal life insurance product An Vui Tron Doi offers coverage for up to 100 years. Photo: MB Life
Yip Kim Chee, MB Life's First Deputy General Director and Director of the Fixed Fee and Product Development Division, stated that in addition to the above benefits, the company also offers the "Song An" (Peaceful Living) bonus, equivalent to 15% of the insured sum, to customers who consistently pay premiums for 20 years upon reaching the age of 66.
"Song An is a gratitude bonus, a retirement gift for loyal customers of MB Life, providing peace of mind for a comfortable retirement," Yip Kim Chee explained.
Bui Trung Kien, General Director of MB Life, discussed the timing of the new product launch, highlighting July 1st as a significant milestone for the life insurance industry. According to the new regulations of the Law on Insurance Business, from this date, new life insurance products must be separated: the core product only covers death and total permanent disability benefits. Other benefits such as critical illness, income support, health cards, and accidents will be offered in supplementary products rather than being automatically "attached" to the main product.
Kien compared previous insurance products to a buffet with many dishes not consumed by every customer. The new approach is "A la Carte," with clearly categorized options for participants to choose based on their needs.
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Bui Trung Kien, General Director of MB Life, speaks at the new product launch. Photo: MB Life |
Bui Trung Kien, General Director of MB Life, speaks at the new product launch. Photo: MB Life
The General Director of MB Life emphasized that the new design makes the products more suitable for participants' financial capabilities while increasing proactiveness and flexibility. The insurance packages are tailored to different life stages, with shortened premium payment periods of 5-10 years instead of 20. Participants can pay premiums or withdraw money at any time, mitigating the risk of contract lapse due to long-term financial constraints.
"The new products are designed in a modular format, like playing with Lego, allowing customers to flexibly 'assemble' and customize according to their needs. This is a clear advantage for participants," Kien affirmed.
Minh Ngoc
