BIC unveils insurance for rubber trees

Bank for Investment and Development of Vietnam’s Insurance company (BIC) has unveiled a new insurance product for rubber trees.

Accordingly, the product will insure for rubber trees of all ages. If the trees are hit by a storm at level 8 and above, BIC will compensate for all the damages caused by the storm, namely, uprooted and fallen tree or reduced output of trees.

During the first period of the programme, BIC will run in the highest latex capacity in the country such as Central Highlands and the southeast areas: Dong Nai, Binh Duong, Binh Phuoc. The firm also researches Laos and Cambodia’s markets to broaden the product through its two joint ventures in the countries. – Dautuchungkhoan

Tags: BIC, Insurance

Posted by VBN on Oct 29 2010. Filed under Insurance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry