Whether foreigners can buy life insurance is the concern of many Chinese friends who live in Vietnam. Especially in the context of international integration, more and more people from other countries come to Vietnam to work and live, including foreigners.
The following article will answer these questions for you.
1/ can foreigners buy life insurance in Vietnam?
Life insurance has many practical benefits and is being chosen by many people. This is considered to be an effective financial backup solution to deal with many unexpected risks in life, and it is also an accumulation to achieve future goals or enjoy a comfortable life in later years.
At present, besides the Vietnamese, there are also many foreigners who want to have a life insurance policy. But can foreigners buy life insurance?
According to experts, foreigners living in Vietnam can still buy life insurance or use cross-border guarantee services from insurance companies operating in Vietnam. However, there are some differences in the procedures, terms, and conditions for foreigners to participate in insurance compared with Vietnamese.
2/ what should foreigners pay attention to when buying life insurance in Vietnam?
Putting the following precautions in your pocket will help foreigners to participate in life insurance more conveniently and quickly:
- Documents proving legal residence in Vietnam for more than 6 months shall be prepared.
- For U.S. citizens, if you want to participate in life insurance in Vietnam, you need to make a FATCA statement.
- Foreigners’ insured age: 0-65 years old, in good health.
- In addition, each life insurance product has its own terms, regulations, and benefits. If you want to know whether the product is for foreigners or suitable for your own needs, you’d better understand the product carefully or contact the insurance companies for advice.
3/ where do foreigners buy life insurance?
Vietnam’s life insurance market is currently very active, with many different insurance companies participating. This diversity gives customers a lot of choices, but sometimes it makes many people wonder which life insurance company they should join?
In order to get timely support when participating in life insurance and avoid risks, experts suggest that well-known insurance companies with a long history, and strong financial strength, and well-known insurance companies should be established, which are highly praised by well-known institutions and institutions.
4/ why choose Manulife insurance?
- The cost is as low as VND 30,000 per day, and the high insurance amount is as high as 325% of the insured amount.
Flexible charging according to needs and financial conditions. - Examination and treatment at Vietnam International Hospital.
- Ensure safety through life insurance, protect yourself through health insurance, ensure income through savings insurance, and increase wealth through investment insurance.
- Please contact WeChat /LINE: vietnam-visa.
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