Top 10 Best Life Insurance Companies in Vietnam

Bao Viet Life is a member company with 100% capital from Bao Viet Group. Currently, Bao Viet Life provides customers with 50 diverse products to best meet the protection and financial investment needs of the Vietnamese people. The extensive network across 64 provinces and over 300 customer service points is also a superior advantage of Bao Viet Life. It can be said that Bao Viet Life is the only enterprise with headquarters in almost all regions of the country with a long history of operation.

As the first life insurance contract issuer in the Vietnamese market since 1996, Bao Viet Life is now one of the few long-established life insurance companies in Vietnam and increasingly asserts its leading position in the market. A diverse product basket, with over 50 products meeting the different needs of the target customers that Bao Viet Life aims for, actively contributes to the business goal, ensuring profits for the enterprise.

Taking advantage of the pioneering position, Bao Viet Life understands the market, needs, and desires of the Vietnamese people better than anyone else. The needs for financial security, health, or entrusting love are all taken by Bao Viet Life as motivation and ideas to create excellent products that are suitable for the characteristics of the Vietnamese people.

AIA Vietnam is a member of AIA Group - the largest independent pan-Asian life insurance group listed on the stock exchange. Established in 2000 with the goal of safeguarding prosperity and financial security for the people of Vietnam, AIA Vietnam is now one of the leading life insurance companies and a trusted brand among customers and the public.

AIA Vietnam has quickly become a trusted brand among customers and the public. In the consecutive years 2018, 2019, 2020, 2021, 2022, AIA Vietnam has received the 'Ideal Working Environment' award from the Great Place to Work organization; the 'Business for the Community' award from the American Chamber of Commerce in Vietnam. Additionally, AIA has been awarded the Third-class Labor Medal by the President in 2018 and numerous other notable awards.

Reasons to choose AIA:

• AIA Vietnam understands that life is inherently unpredictable. With a strong financial foundation and a deep understanding of the Asian market, AIA Vietnam is here to support you through life's ups and downs.
  
• AIA Vietnam is always at the forefront of building innovative service models to provide premium experiences for customers. This is best exemplified through 'iPoS', 'nest by AIA', 'AIA Exchange', and 'Next Agency'. The goal of AIA Vietnam is to become the preferred life insurance company in Vietnam.

Dai-ichi Life Vietnam was established in January 2007 with 100% Japanese capital. Dai-ichi Life Vietnam is a member of the Dai-ichi Life Group - the largest life insurance company in Japan and one of the leading insurance groups globally with strong financial strength and nearly 120 years of operating experience. Dai-ichi Life Vietnam currently ranks 3rd in terms of business network with 300 offices and agencies covering all 63 provinces and cities nationwide, with a team of 2,000 employees and 114,000 professional financial advisors (as of 31/12/2022).

After 16 years of formation and development, Dai-ichi Life Vietnam has continuously grown, reaching nearly VND 22,000 billion in total insurance premium revenue in 2022, a 17% increase compared to 2021, maintaining its position as one of the top three foreign life insurance companies in Vietnam in terms of total insurance premium market share. As of 31/12/2022, the total assets managed by Dai-ichi Life Vietnam reached nearly VND 58,000 billion.

Chubb Life is the global life insurance division of Chubb. Chubb Life Vietnam started its business operations in Vietnam in 2005 and established Chubb Life Insurance Company Limited (Chubb Life FMC) in 2013. To meet the protection and financial safety needs of diverse customer groups in the Vietnamese market, Chubb Life Vietnam provides a portfolio of life, health, and investment insurance products and services through a nationwide network of offices.

In Vietnam, Chubb operates in both life and non-life insurance sectors. Chubb Insurance Company Limited Vietnam offers specialized and flexible insurance products including Property, Casualty, Marine, Financial Lines, Energy & Utilities, as well as Health & Accident insurance.

Since then, Chubb Life Vietnam has developed a variety of comprehensive and lifelong financial plans, allowing groups and individuals up to 80 years old to choose plans that suit their financial needs. With a nationwide network of offices, Chubb Life Vietnam delivers its products and services through a team of Sales Representatives and selected banks.

Chubb's operations in Vietnam leverage global experience and local understanding, providing customers with tailored insurance solutions to minimize risks. In addition, Chubb Life Vietnam focuses on building strong relationships with customers by delivering responsive services, developing innovative products, and playing a leading market role based on a strong financial foundation.

Prudential Việt Nam tự hào là thành viên của tập đoàn bảo hiểm uy tín hàng đầu thế giới với bề dày kinh nghiệm lâu đời, sự phát triển vững mạnh, cam kết đầu tư lâu dài, an toàn và hiệu quả. Có mặt tại Việt Nam từ năm 1995 và chính thức đi vào hoạt động năm 1999, với thông điệp "Luôn luôn lắng nghe. Luôn luôn thấu hiểu", Prudential đang mang đến các giải pháp bảo vệ tài chính và đầu tư gia tăng tài sản hiệu quả cho hơn 1,5 triệu người dân Việt Nam.

Prudential hiện cung cấp các sản phẩm bảo hiểm nhân thọ Bảo vệ, Tích lũy và Đầu tư thông qua đội ngũ 176.000 tư vấn viên chuyên nghiệp, hơn 360 văn phòng Tổng Đại lý, văn phòng giao dịch và trung tâm phục vụ khách hàng tại 63 tỉnh thành trên cả nước, cùng mạng lưới 8 ngân hàng đối tác uy tín và hệ thống bảo lãnh viện phí tại hơn 366 bệnh viện và phòng khám. Prudential cũng là đơn vị tiên phong ứng dụng công nghệ hiện đại vào đơn giản hóa quy trình và nâng cao trải nghiệm của khách hàng trong suốt hành trình với Prudential.

Trong suốt quá trình hoạt động, Prudential đã vinh dự nhận nhiều giải thưởng uy tín do các tổ chức trong nước và quốc tế trao tặng. Riêng năm 2014, Prudential đã vinh dự nhận Huân chương Lao động hạng Nhì do Chủ tịch nước trao tặng ghi nhận sự đóng góp to lớn đến sự phát triển kinh tế và xã hội ở Việt Nam. Bên cạnh hoạt động kinh doanh, Prudential luôn tích cực thực hiện hoạt động trách nhiệm xã hội. Chỉ riêng trong giai đoạn 2012-2018, Công ty đã đóng góp 175 tỉ đồng cho cộng đồng tập trung vào 3 mảng quan trọng là Giáo dục, Sống khoẻ và Hỗ trợ cộng đồng. Tạp chí Bảo hiểm châu Á cũng đã trao tặng Prudential danh hiệu Công ty bảo hiểm nhân thọ có hoạt động xã hội tốt nhất.

Nối tiếp sự thành công trong lĩnh vực bảo hiểm nhân thọ, Công ty TNHH Quản lý Quỹ Eastspring Investments cũng được thành lập từ tháng 06/2005 nhằm cung cấp những giải pháp tài chính an toàn, hữu hiệu và bền vững đáp ứng nhu cầu đa dạng của khách hàng Việt Nam.

Hanwha Life Insurance, established since 1946, is the oldest life insurance company in the Korean market with total assets exceeding $192.6 billion USD and the highest credit rating, 'AAA,' by Korea Ratings and Korea Credit Information Service. Hanwha Life Vietnam commenced operations on June 12, 2008, with a charter capital of VND 4,891,000,000,000 (equivalent to $233 million USD), making it one of the financially strongest life insurance companies in Vietnam.

Hanwha Life Vietnam officially introduced its products to customers on April 1, 2009. With over 500 employees and more than 37,000 financial advisors operating in over 160 customer service points nationwide, as of 2022, the company has nearly 1,000,000 trusted customers.

Hanwha Life Vietnam is committed to relentlessly striving to fulfill its mission through life insurance, accompanying customers to plan for the future and turn dreams into reality. To achieve this, Hanwha Life Vietnam focuses on the following tasks:

• Providing customers with excellent and reputable products and services.
• Offering Financial Advisors training programs to build a truly professional and dedicated team.
• Fulfilling corporate responsibilities to the community through long-term social activities.

MB Ageas Life, a joint venture established in 2016, brings together three partners: Military Commercial Joint Stock Bank (MB Bank) of Vietnam, Ageas Group from Belgium, and Muang Thai Life Assurance from Thailand.

Aiming to become the most trusted leading life insurance company, MB Ageas Life implements the 'Multi-channel' development strategy. This includes an extensive deployment of Bancassurance at 300 branches, MB transaction offices nationwide. The traditional agency channel continues to expand with thousands of advisors and official offices present in various provinces. The digital channel is developed synchronously, intelligently, and professionally on platforms such as websites, fan pages, Zalo, MB App, Viettel Pay app, and more.

With the goal of encouraging individuals to care more about themselves, their families, and the community, improving the quality of life, MB Ageas Life officially launches the 'We Care - Caring Every Day' campaign. This campaign includes practical community-oriented activities such as the charity run 'We Care Run over K', 'Caring for COVID', support for cancer patients, the Happy Ekiden relay run, and more. MB Ageas Life aims to continue accompanying customers and society, building a happy, meaningful life full of love and hope.

Generali Vietnam, a member of the Generali Group, was established in 1831 in Trieste, Italy - one of the world's largest insurance groups present in 50 countries across Europe, the Americas, and Asia.

After more than 10 years of operation, Generali Vietnam has rapidly become one of the leading life insurance companies in Vietnam with a network of over 70 General Agencies (GenCasa) and customer service centers nationwide, serving more than 400,000 customers.

The sustainable vision of Generali Vietnam includes contributing to building a healthy and sustainable society to promote the development and prosperity of each individual. This vision is based on two pillars: sustainable business operations, pursuing excellence in company processes, and living responsibly with the community, playing an active role where we operate, going beyond the scope of business activities. With a history of 190 years, the Generali insurance brand carries the mission to be the 'Lifetime Companion,' accompanying customers through all the ups and downs of life, building a bright future.

Manulife Vietnam, a member of Manulife Financial, is the first foreign life insurance company in Vietnam since 1999. It owns a dedicated headquarters building with an investment value of over $10 million. Manulife Vietnam currently offers a diverse portfolio of products, from traditional insurance to health, education, investment-linked, retirement plans, serving over 1.5 million customers through a vast and professional agency force in 80 offices nationwide.

In addition to the traditional distribution channel through agents, Manulife Vietnam diversifies its business activities by collaborating with banking partners to implement bancassurance, addressing the increasingly diverse needs of the market. Furthermore, Manulife Vietnam is the only life insurance company in collaboration with the Central Vietnam Women's Union to implement a microinsurance program for low-income women, aiming to promote life insurance to Vietnamese families, contribute to social security policies, poverty reduction, and raise awareness of savings for the people.

With 24 years of operation in Vietnam, Manulife Vietnam has continuously developed a strong reputation in the market. The achievements of Manulife Vietnam are recognized by many reputable organizations inside and outside the country. In 2023, Manulife Vietnam was honored at the Asia eCommerce Awards 2022 with the Silver Award for the 'Most Innovative eCommerce Campaign' for the integrated healthcare solution on the Momo eCommerce platform.

Cathay Life Insurance Company, established in August 1962, is part of the leading financial conglomerate Cathay. Over the past six decades, with strong support from numerous professional employees, shareholders, and an extensive customer network, along with thoughtful customer care policies, Cathay Life Insurance Company has consistently maintained stable revenue, assets, and development policies.

With the aim of becoming the strongest financial conglomerate in the Asia-Pacific region, Cathay Life Insurance Company officially established 'Cathay Life Insurance Company Vietnam,' the first Asian company licensed by the Ministry of Finance to operate in the life insurance field. Inheriting a successful 60-year history and a practical business philosophy of 'Always respecting customers, aiming for perfect service,' Cathay continues to assert its position in the domestic and international markets, confidently bringing the company's services from Taiwan to the Vietnamese market.

Furthermore, with outstanding leadership, we will apply over 50 years of experience in Taiwan to effectively market and design unique products to gradually create Cathay Life's distinctive identity in the Vietnamese market. In the initial stages of entering the Vietnamese life insurance market, Cathay Vietnam will continue to maintain a strong and stable business policy, providing comprehensive financial insurance services, and simultaneously achieving the goal of becoming the strongest financial conglomerate in the Asia-Pacific region.