HSBC Vietnam partner with Bao Viet to launch new ‘no claim bonus’ for car insurance

Early in June 2010, HSBC is again the first in Vietnam to launch a new feature on their Car Insurance which will help customers save money on their annual premiums. Customers will receive a 10 percent discount on their renewal premium if there is no claim made during the first year of cover.

A further10 percent discount will apply to subsequent renewals (up to a maximum of 30 percent) as long as no claims are made on the policy. In addition to the premium savings, HSBC customers will also receive a VIP card which will entitle them to a range of benefits such as ‘fast track’ claim approval and minimal documentation (depending on the claim amount).

“We want to reward our customers for being safe drivers. With the No Claim bonus scheme, HSBC customers will be the first in Vietnam to enjoy a benefit that is commonly found in most other countries.” said Lyndsay Rajah, Head of Personal Financial Services Department, HSBC Vietnam.

“This enhancement is another example of the excellent collaboration between BaoViet Insurance and HSBC to bring our service standards to a new level. With the recent launch of HSBC’s online Travel Care, this is another first by BaoViet.” said Bui Gia Anh, deputy CEO, BaoViet Insurance.

HSBC’s enhanced Car Insurance product is the latest addition to the Bank’s portfolio of insurance products, which includes Medical Care, Employee Care healthcare insurance, Travel Insurance, Life Insurance, Marine Cargo, Property Insurance and Keyman Insurance.

Press Release

Tags: Bao Viet, car insurance, HSBC Vietnam, Vietnam insurance, Vietnam insurance market

Posted by VBN on Jun 9 2010. Filed under Banking-Finance, Insurance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry