NCB Signs Strategic Partnership with Bao Viet Life Insurance
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NCB and Bao Viet Life Insurance have joined forces, committing to a collaboration that maximizes the potential of both entities. The partnership will prioritize the utilization of each other’s products and services to enhance business performance, strengthen market positions, and increase competitiveness. The two parties will also closely coordinate in product development and customer care to deliver the best quality products and services and elevate the customer experience.
Through this collaboration, NCB and Bao Viet Life Insurance will jointly offer superior life insurance products, backed by a well-trained and professional team of consultants with high compliance standards. This partnership provides comprehensive financial solutions that not only protect customers and their families from unforeseen risks but also help build long-term financial security to achieve life’s major goals. These life insurance offerings complement the existing financial solutions that NCB provides to the market.
“The success of any collaboration relies on a shared vision, aligned goals, and a mutual commitment to growth,” said Mr. Pham Ngoc Son, General Director of Bao Viet Life Insurance. “Today’s strategic linkage between Bao Viet Life Insurance and NCB leverages the strengths of two prominent brands in Vietnam, combining our trustworthiness, experience, and service quality with NCB’s professionalism and advanced technology. This collaboration creates a comprehensive financial services distribution channel, offering financial security and peace of mind to our customers.”
Mr. Ta Kieu Hung, General Director of NCB, shared: “The solutions provided by Bao Viet Life Insurance are a crucial piece in completing NCB’s ecosystem of comprehensive and efficient financial products and services. This partnership not only brings exceptional financial solutions to our customers but also contributes positively to the sustainable development of the economy and the community.”
Bao Viet Life Insurance, the second member company of Bao Viet Holdings to partner with NCB, boasts a vast network of 76 member companies in 63 provinces, with over 360 transaction offices and 180,000 consultants. As of the first nine months of 2024, Bao Viet Life Insurance leads the market with the highest new business premium income and total insurance revenue.
Meanwhile, NCB has made impressive strides in the market, continuously investing in infrastructure and technology solutions and collaborating with world-leading partners to transform according to its new strategy. NCB aims to become a beloved provider of financial services and solutions.
Previously, Bao Viet Insurance, another member of Bao Viet Holdings, also joined hands with NCB to introduce non-life insurance products and services to customers.
With this partnership, the Bao Viet Holdings and NCB expect to leverage their strengths in product innovation and service quality to deliver exceptional financial services experiences to their customers. This collaboration also sets the foundation for future long-term cooperation between these two reputable institutions in the insurance and financial banking sectors in Vietnam.
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