Agribank Insurance pays Credit Security Insurance benefits to customers in Quy Chau

Attending the payment ceremony were Mr. Nguyen Van Trong - Head of Sales Department of Western Nghe An region, Agribank Insurance Nghe An branch (ABIC); Tran Quang Dat - Deputy DirectorAgribankQuy Chau district, Western Nghe An province; representatives of Chau Thang commune, Quy Chau district, and local people borrowing capital.

Representatives of Agribank Nghe An Insurance and Agribank Quy Chau representatives presented compensation to the family of customer Vi Van Phuc. Photo: Dinh Nhan

The insured are Mr. Luong Van Phien (Lien Ban village, Chau Thang commune) and Mr. Vi Van Phuc (Khe Han village, Chau Hanh commune) who were customers who purchased "Bao An Tin" (BATD) insurance from ABIC Nghe An Branch since mid-2020. In early 2021, Mr. Luong Van Phien unfortunately fell seriously ill and passed away, while Mr. Vi Van Phuc suddenly died in Guangdong, China.

Immediately after the insurance event occurred, Agribank Nghe An Insurance coordinated with Agribank Tay Nghe An Quy Chau Branch to quickly verify, collect documents and proceed with the insurance benefit payment procedures. In particular, Mr. Luong Van Phien's family was paid BATD insurance compensation in the amount of 99 million VND and 1 million VND for funeral expenses.

Mr. Vi Van Phuc's family received BATD insurance compensation of 100 million VND and 1 million VND in funeral expenses.

Compensation given to customer Luong Van Phien's family. Photo: Dinh Nhan

This is a meaningful amount of money that helps families reduce their worries about the burden of paying off bank loans and stabilize their lives soon. At the ceremony, family representatives and local authorities expressed their thanks to Agribank Quy Chau District and Agribank Insurance for consulting on insurance participation and guiding the insurance procedures to promptly resolve policies and benefits for customers' families to reduce financial difficulties when their loved ones unfortunately encounter risks.

Since the beginning of 2021, Agribank Nghe An Insurance has paid compensation in 13 cases in Quy Chau district with a payment amount of 800 million VND and hundreds of customers in Nghe An province in general with a compensation payment amount of 13,467 billion VND. Through actual payments, Agribank Insurance has made a commitment to quickly help customers have more confidence in Agribank insurance products in general and Credit Security products in particular.

At Agribank Tay Nghe An, customers are not only consulted on accessing capital sources, but also advised on participating in insurance for themselves and their own loans to the bank. Thereby creating peace of mind for the insured because they always have the necessary financial resources to minimize risks in life, reduce the debt burden of relatives or avoid liquidation of assets when risks occur.

Many households, thanks to participating in Credit Security Insurance, have had their insurance benefits paid quickly and promptly by ABIC. Therefore, many customers borrowing capital at Agribank Tay Nghe An are very interested in the Credit Security product. Credit Security Insurance has become a familiar product, thereby improving capital safety for business development, effectively contributing to the local socio-economic development./.