Sacombank launches Covid-19 insurance product

March 26, 2020 - 15:09

With the Covid-19 pandemic continuing to threaten, Sacombank and the Post and telecommunication Joint Stock Insurance Corporation (PTI) have launched an Anti Covid -19 insurance product for Vietnamese citizens and corporates operating in Việt Nam with coverage of up to VNĐ150 million (US$6,335).

Sacombank and the Post and Telecommunication Joint Stock Insurance Corporation (PTI) launch an Anti Covid -19 insurance product. — Photo courtesy of Sacombank

HCM CITY — With the long-lasting threat of the Covid-19 pandemic, Sacombank and the Post and Telecommunication Joint Stock Insurance Corporation (PTI) have launched an Anti Covid -19 insurance product for Vietnamese citizens and corporates operating in Việt Nam with coverage of up to VNĐ150 million (US$6,335).

Eligible customers are those between 15 days to 70 years of age who do not have epilepsy or mental illness and have not tested positive for Covid-19 or been isolated in health facilities for suspected infection before the insurance date.

There are three insurance packages with competitive fees ranging from VNĐ30,000 to VNĐ300,000 corresponding to flexible insurance terms of three months, six months and one year.

The death benefit is from VNĐ50 million ($2,114) to VNĐ150 million, while the hospital allowance for treatment is from VNĐ5 million ($211.4) to VNĐ15 million ($634.3). —VNS

Market ends flat on rising selling force

Economy

Đồng Khởi Street continues to be most expensive retail destination in Việt Nam

Economy

VN's internet economy projected to reach $36 billion

Economy

SABECO honoured as one of Việt Nam's Top 100 Best Places to Work in 2024

Economy

Thanh Hóa to develop $55 million industrial park

Economy

Vietnam Medipharm 2024 coming in early December

More on this story

Economy

Vinatex to ask for permission to export anti-virus products

Vietnam National Garment and Textile Group (Vinatex) will ask for the Government’s permission to export anti-virus products as a measure to overcome difficulties caused by the novel coronavirus (COVID-19) pandemic.

Economy

Banks slash fees for interbank fund transfers

Thirty seven commercial banks have confirmed the reduction of the fees for interbank fund trasfers following the move of the National Payment Corporation of Việt Nam (NAPAS) to halve the switching fees for local banks from Wednesday.

Economy

Vietnamese currency more stable than other regional peers

Though the unofficial value of the Vietnamese đồng is now down about 3 per cent against the US dollar, the rate is still a smaller depreciation than that seen by most of Việt Nam’s regional peers and expected to stabilise around the level, management fund Vinacapital reported.

Economy

Ministry targets no drop in exports this year despite COVID-19

The Ministry of Agriculture and Rural Development has targeted no drop in export value of agricultural products this year, even though the sector was hit hard by the novel coronavirus (COVID-19) pandemic from the beginning of this year.

Economy

Wood product processors need to restructure production due to COVID-19

Local wood processing enterprises need to continue reorganising their production and business activities to deal with difficulties during the novel coronavirus (COVID-19) pandemic, according to the Ministry of Agriculture and Rural Development (MARD).