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 Sacombank and Dai-ichi Life Vietnam sign an exclusive 20-year bancassurance agreement

On September 06th 2017, HCMC - Sacombank and Dai-ichi Life Insurance Company (Dai-ichi Life Vietnam) signed an exclusive 20-year bancassurance partnership agreement, currently seen as the longest period in the Vietnam insurance market.


Ms. Nguyen Duc Thach Diem, Sacombank’s CEO (left) and Mr. Tran Dinh Quan, Dai-ichi Life Vietnam’s CEO, sign the partnership agreement.

Accordingly, Sacombank, armed with the network of 552 transaction points nationwide as well as its advanced and multi-function retail system (i.e., at the counter, via telesales, e-banking, ATMs, etc.), will push up the distribution of high-quality financial protection products of Dai-ichi Life Vietnam that Sacombank is an exclusive agent such as universal life insurance, investment-linked insurance, death insurance for borrowers/depositors, accidental death insurance, healthcare insurance, etc. That aims at bringing the highest satisfaction of customers and their families. Furthermore, Sacombank and Dai-ichi Life Vietnam will also hold seminars to share useful financial protection solutions to customers. 


Mr. Duong Cong Minh, Chairman of Sacombank’s Board of Directors, gives a speech at the ceremony.

Mr. Duong Cong Minh, Chairman of Sacombank’s Board of Directors, said: “I am confident that the 115 years of experience of Dai-ichi Life together with the strength and dynamics of one of the top commercial banks in Viet Nam will provide the most premium, convenient and attractive insurance products to customers. This is a partnership regarded as a “win-win” deal that Sacombank, Dai-ichi Life Vietnam and customers have benefits from it. The co-operation between Sacombank and Dai-ichi Life Vietnam in which the first step is the bancassurance model will be further expanded to many other fields to exploit and promote each other’s strength.”


Mr. Takashi Fujii, Chairman of Members Council of Dai-ichi Life International Asia-Pacific
cum Chairman of Dai-ichi Life Vietnam’s Members Council, gives a speech at the ceremony.

Mr. Takashi Fujii, Chairman of Members Council of Dai-ichi Life International Asia-Pacific cum Chairman of Dai-ichi Life Vietnam’s Members Council, said: ”Dai-ichi Life Vietnam is a pioneering insurance company in diversifying its distribution network in Vietnam, especially for current Bancassurance products, as well as has good co-operations with many domestic partners. With 10 years of our operation in Vietnam, it is great to establish an exclusive co-operation with Sacombank, one of the top financial institutions in Vietnam and the region. This co-operation will help Dai-ichi Life Vietnam strengthen its solid foundation to provide premier life insurance products and services, matching the long-term financial security of customers. By signing the partnership agreement with Sacombank, Dai-ichi Life Vietnam marks its milestone in the Vietnam insurance market, shows its determination to grow customers, as well as commits to accompanying with Vietnamese people in the long run. We expect to make the bancassurance model between Dai-ichi Life Vietnam and Sacombank standardised and sustainable. That aims to bring utilities and the most satisfactions to customers, as well as to develop bancassurance vigorously in Vietnam.”


The two sides’ managers celebrate the success of the ceremony.