Life Insurance

Whole Life Universal Life Insurance is a comprehensive, flexible financial solution which combines insurance, savings and investment. The insurance element protects you and your family from the unexpected, providing complete peace of mind and enabling your loved ones to relax and enjoy life. The savings aspect of the package has a high and secure rate of interest to help your money grow. When the time comes you will have accumulated a substantial nest egg to use however you wish.

Whole Life Universal Life’s four key features can help you to realize your dreams and build a stronger financial future.

• Your investment is protected with a guaranteed minimum interest rate of 5% per annum, applicable for the first 20 years of the policy at least.
• Automatic increase of your Sum Insured by 5% per year to protect against the devaluation of the currency.
• Loyalty Benefit: You will receive a Loyalty Benefit according to the Policy Account Value of the Insured every five years from the 10th year of the policy period. The loyalty payment is dependent on the investment performance of Universal Life and your contribution to the fund.
• Whole Life Universal Life is flexible, helping you to adjust the insurance, savings and investment features of the product as well as choices of premium payment to suit for your financial situation, your protection requirements and your savings throughout your life.

1. Relax and enjoy life knowing that your financial future is secure

BaoViet Life shall pay a Maturity Benefit equal to the Policy Account Value to the insured at the age of 90, 95 or 100 years, depending on your preference. The Policy Account Value ensures you and your family can relax and enjoy life in the knowledge that you have secured your financial future.

2. Comprehensive protection for your financial plan against all unforeseeable risks

Death Benefit: Depending on your individual needs and personal financial plan, you can choose one of the following two death benefits:

• Basic Level: To receive the higher of the value of Increased Sum Insured and Policy Account Value at the time of the Insured’s death.
• Escalating Level: To receive the sum of the value of Increased Sum Insured and Policy Account Value at the time of the Insured’s death.

Accidental Total and Permanent Disability: To receive an Accidental Total and Permanent Disability Benefit equal to 100% of the Death Benefit in the unfortunate eventuality the insured has an accident resulting in accidental total and permanent disability.

Terminal Illness Benefit: To get an advance of 50% of the Death Benefit, not exceeding VND 500 million, to cover hospital expenses in case the insured suffers from terminal illness.

Maximum protection: Even in the instance that you can no longer pay the insurance premium, you are still insured and can take advantage of all the benefits of this policy until the Surrender Value reaches zero.

3. A good investment with an attractive and stable rate of interest

Universal Life is the ideal all-round financial solution. When placing your investment in the hands of BaoViet Life, you can let go of any concerns you might have regarding market fluctuations as your Universal Fund will be expertly managed by BaoViet Fund Cooperation professionals. The interest will be announced by BaoViet Life at the end of each financial year.

How does Whole Life Universal Life Insurance work?

Highly flexible choices that you can adjust to suit your financial plan

• Choose the Sum Insured: in order to be insured at the highest level with a reasonable premium.
• Change the Sum Insured: to increase or decrease the Sum Insured as required.
• Change Death Benefit: You can change the Death Benefit from Basic Level to Escalating Level and vice versa or request to change the increasing rate of the Sum Insured.
• Change the Maturity Benefit: You can request to change the time that you receive the maturity payment according to your needs and your family’s requirements.

Flexible choices of premium payment

• Choose or change your premium payment period: Dependent on your financial circumstances at any given time, You can choose to pay premiums over a period of 10 years, 15 years, 20 years; or until the age of 55, 60 or 65; or over the whole policy tenor.
• Choose or change the premium payment frequency (choose to pay the premium annually, semi-annually, quarterly or monthly).
• Change the regular premium (to increase or decrease the regular premium upon your financial circumstances).
• Pay top-up premiums when your financial position becomes stronger. The total top-up premiums paid in a year may be five times your current annualized premium.
• Stop paying the premium if your income suddenly decreases and you find that you are no longer able to afford the premium amount (applied in case your policy has a Surrender Value). The policy shall remain valid until the Surrender Value is equal to or less than zero.

Meeting unexpected financial demands

• You can request an advance from the Surrender Value and/or withdraw a proportion of the Policy Account Value if you have an urgent financial demand.
• You can request to terminate the policy before the maturity date if you find yourself in challenging financial circumstances and also can request to reinstate the policy once you overcome your financial difficulties.

The policyholder may initiatively choose one comprehensive solution which combines insurance and investment by supplementing the riders below for the insured and/or the policyholder:

• Surgical expenses
• Hospital expenses
• Waiver of premium
• Accidental Partial and Permanent Disability

• The insured: individuals aged from 18 to 65 at the time of policy’s commencement
• The policyholder: the insured or the insured’s relatives or organisation, wishing to provide insurable benefits for the insured and requiring financial accumulation for their family or staff, either for life or over an undefined period of time.

Please contact for further information on (84 8) 37 247 247

Whole Life Universal Life Insurance is underwritten by BaoViet Life, 01 Dao Duy Anh Street, Hanoi, Vietnam. It is not an obligation of or guaranteed by HSBC Bank (Vietnam) Ltd. The information of this product may be amended by BaoViet Life from time to time and HSBC Bank (Vietnam) Ltd. shall not be responsible for such amendment.

This webpage contains only general information. The specific terms, exclusions and conditions applicable to this insurance are described in the Policy which will only be issued upon acceptance of the Proposal Form. A person interested in this product should consider whether the product is suitable before making a commitment to purchase the product.

BaoViet Life's authorised agents or distributors, including HSBC Bank (Vietnam) Ltd. (together "the Agents") are neither the underwriter nor broker for the customers. To the fullest extent permissible pursuant to applicable law, the Agents make no warranties or representation as to the accuracy, correctness, reliability or otherwise of the content of this webpage. Under no circumstances, including, but not limited to negligence, the Agents or any party involved in creating, producing or delivering the webpage shall not be liable to you for any direct, incidental, consequential, indirect, or punitive damages that result from the use of, or the liability to use, the information in this webpage, even if the Agents have been advised of the possibility of such damages.

The Agents are not suppliers of the products and shall not accept liability in relation thereto.

Issued by HSBC Bank (Vietnam) Ltd.