Leveraging its deep understanding of Vietnamese needs, advanced technology, and superior financial management expertise from its ecosystem, Techcom Life is poised to become Vietnam’s leading life insurance company. The company aims to drive industry innovation and pioneer tailored, next-generation insurance solutions for Vietnamese people, much like Techcombank revolutionized banking with groundbreaking products such as Zero Fee, Auto Profit, and Wealthtech. The launch event was attended by representatives from the Ministry of Finance, the Vietnam Insurance Association (IAV), Techcombank leadership, and strategic partners.
Vietnam, the fastest-growing economy in Southeast Asia, is witnessing a surge in demand for financial security, healthcare, and improved living standards. This presents a significant opportunity for the life insurance market, which remains largely untapped. Vietnam’s insurance penetration rate is significantly lower than the regional average, indicating vast potential for new entrants.
With the vision of “Reimagining Insurance, Empowering Your Future,” Techcom Life is committed to delivering innovative insurance solutions that enhance customer experience through modernity, transparency, simplicity, and accessibility. The company empowers individuals to take control of their lives and strive for fulfillment every day.
Mr. Ngo Viet Trung – Director of the Insurance Supervision and Management Department, Ministry of Finance
At the launch event, Mr. Ngo Viet Trung, Director of the Insurance Supervision and Management Department at the Ministry of Finance, stated: “We welcome the entry of domestic insurance companies like Techcom Life into the life insurance market. Given their financial expertise and technological foundation, we expect Techcom Life to introduce advanced insurance solutions that better meet the health and financial security needs of policyholders. This will contribute to a comprehensive, sustainable, and goal-oriented insurance market, as outlined in Vietnam’s Insurance Market Development Strategy by 2030.”
Mr. Chung Ba Phuong, CEO of Techcom Life
Mr. Chung Ba Phuong, CEO of Techcom Life, shared: “Our long-term strategy is built on five pillars: fostering sustainable trust, delivering exceptional customer value, creating a seamless ecosystem, establishing an efficient distribution model, and leveraging technology and big data. These elements will drive our competitive edge, enabling us to fulfill our vision and provide the best insurance protection for Vietnamese people. We aim to collaborate with the government to enhance the quality of life for citizens in this new era and build a more transparent, sustainable, and trustworthy life insurance industry.”
During the event, Techcombank and Techcom Life signed a comprehensive cooperation agreement. Under this agreement, Techcombank will act as an organizational insurance agent, distributing Techcom Life’s life and health insurance products. This partnership promises to deliver comprehensive, innovative, and transparent financial and health protection solutions tailored to various life stages.
Signing ceremony of the comprehensive cooperation agreement between Techcombank and Techcom Life
Mr. Jens Lottner, CEO of Techcombank, emphasized: “The launch of Techcom Life marks a significant milestone in Techcombank’s strategy to build a comprehensive ecosystem. As Vietnam’s leading bank, with a strong financial and technological foundation, Techcombank and its ecosystem will partner with Techcom Life to offer seamless, superior financial and health solutions. This will increase life insurance participation, expand social welfare, and strengthen customer trust.”
The establishment of Techcom Life, following the launch of Techcom Non-Life Insurance (TCGIns), signifies a strategic step toward realizing a comprehensive “one-stop shop” financial model. This model aims to fully support customers within Techcombank’s ecosystem and the entire Vietnamese population, placing them at the heart of all values and ensuring they can “Live Fully Every Day.”
