BIDV Metlife targets 50 per cent growth this year

July 24, 2018 - 13:00

BIDV Metlife is targeting premium growth of 50 per cent to reach VNĐ90 billion (US$3.87 million) this year.

BIDV Metlife posted 100 per cent year-on-year hike of premium in the second quarter of the year. — VNS Photo
Viet Nam News

HÀ NỘI — BIDV Metlife is targeting premium growth of 50 per cent to reach VNĐ90 billion (US$3.87 million) this year.

The insurance company on Tuesday announced its business results after four years in the market.

Its total assets have reached VNĐ1.46 trillion while equity capital stands at VNĐ612 billion.

By the end of May 2018, its total premium was VNĐ195 billion.

BIDV Metlife posted 100 per cent on-year premium hike in the second quarter of the year. Its annual premium equivalent reached VNĐ64 billion in the period.

CEO Gaurav Sharma it now had more than 1,000 branches and a 4,000-strong sales force across Việt Nam.

BIDV MetLife has focused on digitisation and customer centric products with a sustainable and profitable growth agenda.

He added that the bancassurance model with BIDV had enabled BIDV MetLife to create a one-stop-shop destination for customers: through a BIDV branch that is close and familiar to them, they can find products and services meeting all their financial needs from payments and savings, to investment and protection. — VNS

 

 

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