BIC unveils new product

Bidv Insurance Company (BIC), Bank for Investment and Development of Vietnam (Bidv) and TMT Automobile Joint Stock Company inked trilateral deal to supply commercial credit insurance for Bidv’s customers who want lend money for buying cars of the motor firm.

If the customers who bought car without payment ability according to insurance’s regulations, the insurance firm would pay the rest of loan (< 70 percent of credit limit in insurance contract).

The deal will support all three sides: seller (TMT), purchaser, and lender (Bidv).

Tags: BIC, Bidv Insurance

Posted by VBN on Oct 14 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