AIA Vietnam, ACB sign bancassurance deal

(VOV) - The Asia Commercial Bank (ACB) and AIA Life Insurance Limited have officially signed a strategic agreement on distributing life insurance products through the bank's network (bancassurance).

Under the deal, the two organisations will provide customers with a wide range of financial and insurance services. They can buy AIA Vietnam's life insurance products at ACB's 346 branches, transaction offices, and priority customer centres nationwide, and pay the premium through the bank.

AIA Vietnam CEO Wayne Besant said the cooperation will increase convenience for customers, diversify AIA’s distribution channel and expand ACB service porfolio.

Up to now, AIA Vietnam has set up more than 130 offices in 53 provinces and cities nationwide and provided service for over 520,000 customers. By the end of September, AIA Vietnam has paid a total VND2,000 billion worth of insurance benefits to more than 280,000 customers.