Shinhan Life Vietnam signs insurance business partnership with Shinhan Vietnam Finance Company

On June 28, 2022, Shinhan Life Insurance Vietnam Limited Liability Company (“Shinhan Life Vietnam”) and Shinhan Vietnam Finance Company Ltd., (“Shinhan Finance”) officially announced the signing of a strategic partnership agreement. According to this agreement, Shinhan Finance will provide Shinhan Life's life insurance products on Shinhan Finance's distribution channels. Through this cooperation, the two partners aim to expand services, diversify products, better serve the increasing insurance needs, to bring convenient financial solutions to Vietnamese customers.

Starting from June 2022, Shinhan Finance will consult and introduce life insurance products of Shinhan Life Vietnam to Shinhan Finance customers nationwide, starting with product Shinhan – Tin Dung (protection product for loan borrowers).

Sharing about this strategic partnership, Mr. Lee Eui Chul, General Director of Shinhan Life Vietnam, said: “Besides an increasingly diversified life insurance product portfolio, Shinhan Life continues to focus on developing distribution channels, especially business cooperation with Shinhan Group companies. In recent years, Vietnamese customers have become more aware of the importance of life insurance and we will proactively seize these opportunities to provide suitable financial plans for customers. The cooperation with Shinhan Finance will open up new opportunities in terms of product portfolio, customer source and suitable financial services, and at the same time demonstrate Shinhan Life's long-term commitment to the Vietnamese market in the future."

At the signing ceremony, Mr. Oh TaeJoon, General Director of Shinhan Finance affirmed: “Through the cooperation program with Shinhan Life Vietnam, Shinhan Finance's customers will find it easier and more convenient to access insurance services; and more secure when using the company's financial services”. Mr. Oh TaeJoon emphasized: “Shinhan Finance will continue to bring customers new experiences and new values when using the company's financial products and services. We will constantly create superior financial solutions and make meaningful contributions to the community.”

Along with providing the best beneficial products and services to Vietnam market, Shinhan Life and Shinhan Finance will also focus on the intentions to upgrade our products and services that are suitable for the individual needs of each customer group to add value to our customers.

With the desire to contribute to the community and join hands to promote a sustainable and prosperous Vietnam, Shinhan Life and Shinhan Finance will continue striving for the common goals of enhancing our services, diversifying products portfolio, fulfill the growing insurance needs, and ensure the long-term financial stability of customers and their families.