Prudential increases charter capital, sustainable investment in Vietnam
(Baonghean) - On May 28, 2018, Prudential Vietnam Life Insurance Company (Prudential) received approval from the Ministry of Finance to increase its charter capital to VND 4,128 billion, continuing to affirm the group's commitment to long-term, sustainable investment in the Vietnamese market.
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| Prudential Vietnam ranked first in the Top 10 prestigious life insurance companies in 2017. |
In addition to contributing to increasing financial capacity, capital increase also creates new growth momentum through the application of innovative solutions and modern technology to expand accessibility and enhance customer experience.
Among the innovative solutions that have been well received by customers are PRUbot - the first insurance consulting chatbot in Vietnam; Pop-up store - a mobile insurance store model; myDNA - a health care and management program based on personal Gene codes; MatchBook - a tool that allows customers to proactively choose and make appointments with financial experts...
In addition, Prudential is also actively innovating products to bring effective financial solutions to millions of Vietnamese families. These new growth drivers are expected to contribute to the development of the Vietnamese life insurance industry, making Prudential a typical enterprise in the insurance industry and in the community.
Nghe An awarded a Certificate of Merit to Prudential for its activities supporting children.
(Baonghean.vn) - In recognition of the outstanding achievements in supporting disadvantaged and disabled children in Nghe An province in 2017, on behalf of the provincial leaders, Vice Chairman of the Provincial People's Committee Dinh Viet Hong presented a Certificate of Merit to Prudential.
In recent years, Prudential has continuously promoted its business activities and recorded strong growth. In the last fiscal year, Prudential achieved revenue of VND 16,019 billion from insurance business activities, up 20% and annualized new premium revenue of VND 3,925 billion, up 12% compared to 2016.
Also in 2017, Prudential Vietnam continued to fulfill its commitment to providing financial protection solutions to families across the country. Accordingly, Prudential paid insurance benefits to customers in the amount of VND 6,261 billion.
Prudential Vietnam also demonstrated strong potential in insurance and investment business with total assets of up to VND 74,112 billion by the end of the year. In particular, Prudential's total investment in the economy in 2017 reached VND 66,241 billion, the largest investment among life insurance companies in Vietnam.By increasing its charter capital this time, Prudential also affirms its long-term commitment to continue promoting growth in localities, as well as promoting business activities in provinces and cities more and more effectively.
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| Health consultation for customers and people in Nghe An. |
In Nghe An, customer service centers (CSCs) have been and will continue to make efforts to improve service quality through upgrading and synchronizing the office system according to the new model, regularly updating and training employees according to the new standard service model; launching superior products with many practical benefits to customers.
In 2017 and the first 3 months of 2018, in Nghe An, Prudential paid benefits to customers of nearly 130 billion VND for maturity benefits, insurance benefits for customers hospitalized, critically ill, disabled or dead.
Recently, Prudential Vietnam was honored as the leading life insurance company in Vietnam and the only insurance company voted into the top 10 foreign-invested enterprises in Vietnam at the Golden Dragon Awards ceremony.
This is the 15th time Prudential has received the prestigious award organized by Vietnam Economic Times. Outstanding business results, excellent product and service quality, and outstanding community support activities are some of the many factors that have helped establish Prudential's leading position in the life insurance sector. Last March, Prudential Vietnam was also honored to receive a Certificate of Merit from the Minister of Industry and Trade for its outstanding achievements in consumer protection in 2017.
In addition to business activities, Prudential always actively carries out social responsibilities to the community. In the period from 2012-2017 alone, the Company contributed 162 billion VND focusing on 3 important areas: Education, Community Health and Community Support.
In Nghe An province in 2017, Prudential implemented a series of activities to give bicycles and scholarships to poor students who overcome difficulties, organize free consultation and health check-ups for customers, participate in the Humanitarian Blood Donation program, provide relief to people affected by natural disasters... with a budget of nearly 500 million VND.
Prudential Vietnam Life Insurance Company Limited (Prudential) is a member of Prudential Plc, a leading financial group in the world headquartered in the UK. In Vietnam, Prudential is known as the leading life insurance company in the market and is a prestigious and reliable unit in protecting the financial safety and health of millions of people. Prudential currently provides life insurance products of Protection, Accumulation and Investment, serving more than 1.4 million customers with more than 176,000 professional consultants nationwide.
Currently, Prudential has a widespread business system with more than 300 transaction offices and customer service centers in 63 provinces and cities, many diverse distribution channels and owns a hospital fee guarantee network with more than 128 hospitals. Prudential is also the first life insurance company in Vietnam to apply artificial intelligence in insurance consulting.