|Bảo Việt Life Insurance Corporation will open five new affiliated companies in July. - Photo Bao Viet|Viet Nam News
HÀ NỘI — Bảo Việt Life Insurance Corporation will open five new affiliated companies this month, raising its total number of subsidiaries to 75 in 63 cities and provinces nationwide.
The five companies will be located in Hà Nội, Quảng Ninh and Bình Định.
Bảo Việt General Director Phạm Ngọc Sơn said besides enhancing product quality, human resource training, technology and management, Bảo Việt has also considered the expansion of its network, which is one of its key development strategies.
Bảo Việt Life Corporation has, so far, provided financial plans and protection to more than five million customers with nearly 50 products. The corporation paid nearly US$1.5 billion in benefits to customers.
According to the Ministry of Finance’s Insurance Supervisory and Management Department, Bảo Việt topped the country’s life insurance market share in the first quarter of this year, accounting for 28.7 per cent of the country’s total premium income. — VNS