Solar Life Vietnam supplies monetary safety for almost 240,000 prospects, with the whole quantity of profit funds not too long ago hitting VND2.6 trillion ($110 million), together with virtually VND760 billion ($32 million) in 2022 alone.
Together with tailor-made product options, Solar Life believes modern customer support, equivalent to a welcome letter respectfully written by the poet Vi Thuy Linh, is the important thing to lasting buyer engagement. The insurer additionally organises many artwork exhibitions and cultural actions for patrons and the group at giant.
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On the finish of 2021, Solar Life Vietnam elevated its constitution capital from virtually $604 million to roughly $692 million, a daring step that not solely demonstrated the monetary power of the Canadian monetary group, but additionally asserted the insurer’s dedication to bringing a brighter future to prospects and the group. The capital enhance meant Solar Life grew to become one of many three largest insurance coverage corporations by constitution capital working within the Vietnamese market.
With the monetary power and assist of its father or mother firm in Canada, Solar Life Vietnam has witnessed complete growth by way of income, distribution channels, IT, customer support, and product vary.
Solar Life Vietnam has seen outstanding income progress, peaking at greater than $217 million in 2022, and together with that progress, the insurer can be making efficient investments by way of long-term monetary methods with authorities and company bonds. Solar Life’s authorities bonds have maturities of 10, 15, 20, and 30 years, with rates of interest starting from 2.5 to eight.8 per cent per yr.
In the meantime, the corporate’s company bonds have maturities from one to twenty years, with rates of interest starting from 6.6 per cent to 13 per cent per yr. Solar Life Vietnam plans to carry these bonds to maturity. This helps the corporate to have an efficient and sustainable annual cumulative dividend for patrons.
Solar Life Vietnam can be focussing on investing in programmes for the group. With a dedication to selling a more healthy life in each monetary and real-world phrases, the corporate is behind many new and totally different programmes and actions in order that prospects can work in the direction of a greater future.
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| Athlete Huynh Ha Huu Hieu, 32nd SEA Video games gold medallist, and certainly one of 5 younger skills sponsored by Solar Life |
Luc Nhon Ly, basic director of Solar Life Vietnam stated, “Via monetary power and a dedication to sustainable growth in Vietnam, we attempt every day to deliver modern options in know-how, merchandise, companies, and advertising to boost our prospects’ expertise and to efficiently fulfill our promise of a brighter future for the group.”
Solar Life Vietnam is investing within the high quality of its human sources with a deal with creating workers in a secure, open, inclusive and equal-opportunity work surroundings in a culturally various house with respect for all variations.
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The initiative ‘Solar Vibrant – The Solar Unleashes Potential’ was first launched by Solar Life in Vietnam in 2022 to seek out and develop gifted college students. Within the two years since its implementation, the scheme has chosen 15 gifted folks from throughout many alternative disciplines. These skills can be honed within the worldwide enterprise surroundings to develop actual competencies, tackle difficult roles, and look in the direction of a greater future.
With the expansion potential of Vietnam’s insurance coverage market and enterprise outcomes prior to now yr, Solar Life is decided to deliver modern services and products to fulfill the rising calls for of consumers. That is the dedication of Solar Life – a world model with a 160-year historical past.
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Solar Life Vietnam and ACB announce 15-year unique bancassurance partnership in Vietnam
Vietnam’s monetary establishments are having fun with an increase in bancassurance actions with extra monopoly offers coming. |
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Solar Life Vietnam will increase constitution capital
Solar Life Vietnam, a neighborhood subsidiary of Canada-based monetary group Solar Life, has simply been accepted by the Ministry of Finance to extend its constitution capital from VND5.070 trillion ($220.43 million) to VND14.380 trillion ($625.2 million). |
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Solar Life Vietnam: Digital transformation to boost the shopper journey
With a historical past of 160 years working in lots of international locations, the Canadian insurer set foot in Vietnam 10 years in the past with a dedication to sustainable growth. Solar Life Vietnam’s dedication to win over prospects is demonstrated by way of modern options in each know-how, constructing glorious distribution channels and differentiated companies to deliver optimised experiences to every particular person core. |