partners
Manh Hai
An indispensable part of BIDV ecosystem
BIDV and BIC have defined new positions in cooperation on bancassurance. The mindset about the role of insurance in banking operations has undergone comprehensive changes. Fruitful results In August 2019 in Nha Trang City, BIDV Insurance Corporation (BIC) held a conference on bancassurance with the participation by the leadership and key staffs of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and BIC. The conference has comprehensively
changed the mindsets of the BIDV and BIC systems about the role of insurance in banking operations.
cooperation relationship between BIDV and BIC, demonstrating the mutual understanding of benefits as well professionalism in business activities.
In 2019 and 2020, BIC’s bancassurance revenue growth rate was over 70 percent per year. In 2021, the bancassurance revenues exceeded VND700 billion, up to 33 percent over the previous year, significantly contributing to BIDV’s net service income. BIC’s insurance activities at BIDV aim to ensure the interest and safety for BIDV and its customers, a humane sharing of difficulties in case an unfortunate event occurs.
BIC leadership always spends the best resources on developing bancassurance operation. The quality compensation and customer care have continuously improved. BIC’s insurance products are developed to be a truly competitive advantage of the banking product and service package, bringing practical benefits to customers and suitable for the business activities of BIDV and BIC.
BIC is both a subsidiary and a major business partner of BIDV. Becoming a partner is an enhancement in the
Mr. Phan Duc Tu - Chairman of the Board of Directors of BIDV commented on BIC’s performance
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