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VietNamNews

Dai-ichi Life VN gets OK to up capital

Update: January, 23/2017 - 09:00
Dai-ichi Life Vietnam General Director Tran Dinh Quan hands over VND1.2 billion (US$53,300) cheque to the HCM City Sponsoring Association for Poor Patients at a ceremony to mark its 10th anniversary in Viet Nam on January 18. — VNS Photo

HÀ NỘI — Insurance provider Dai-ichi Life Vietnam has received a licence to raise its capital to US$117 million, from $100 million, so as to invest in new distribution channels in Việt Nam.

With this go-ahead from the finance ministry, Dai-ichi Life Vietnam will become one of the top life insurance companies in terms of market capitalisation in the country.

“Dai-ichi Life Vietnam commits to become a ‘lifetime partner’ with Việt Nam and Vietnamese people by striving to pioneer new aspects, bring significant change for the sake of the community and realise our objective of becoming the best life insurer in Việt Nam,” said Takashi Fujii, chairman of Dai-ichi Life Vietnam.

In 2016, Dai-ichi Life Vietnam’s total premium for the year crossed VNĐ5,300 billion ($235.5 million), an increase of 51 per cent over 2015, and a 14.4-time rise since it was established in 2007. — VNS

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