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Planning. Cathay Life Insurance (VN) Planning Division Date: 29 Aug, 2008 Hans Wang. Planning. Agenda. (A) Engaged Project this month: Products submission status. Market information update. Overview of Life Insurance Market (Jan ~ Jun 2008) Policy issued analysis.
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Planning Cathay Life Insurance (VN) Planning Division Date: 29 Aug, 2008 Hans Wang
Planning Agenda (A) Engaged Project this month: • Products submission status. • Market information update. • Overview of Life Insurance Market (Jan ~ Jun 2008) • Policy issued analysis. • Premium discount program. (B) Planning Project next month: • New products submission.
Planning ENGAGED PROJECT THIS MONTH (I) Product Submission Status: • A02(Single Endowment), R01(Personal Accident Rider) and R02(Child Accident Rider) already got internal approval. • G01(Group Term Life), G02(Group Accident Rider) and G03(Group Medical Rider) – in process. • Declaration Interest Rate:
Planning ENGAGED PROJECT THIS MONTH (II) Market information: • Insured AIA renames AIG Life Vietnam. • A new product launched by ACE Life “Life Long Financial Plan Benefits Elderly Citizens”. • Vietnam Life insurance market forecast to grow 15% in 2008.
Planning ENGAGED PROJECT THIS MONTH (III) Overview of Life Insurance Market (Jan ~ Jun 2008)
Planning ENGAGED PROJECT THIS MONTH (III) Overview of Life Insurance Market (Jan ~ Jun 2008)
Planning ENGAGED PROJECT THIS MONTH (III) Overview of Life Insurance Market (Jan ~ Jun 2008) • Total number of life insurers’ agents was more than 65,000 • The average insurance amount per new policies was 41.8 millions in 2008 (30.2 million in 2007). • The best selling product was variety of endowment insurances. • The investment products (universal life and unit-link) contributed 16.7% of NB premium income.
Planning ENGAGED PROJECT THIS MONTH (IV) Policy Issued Analysis:( 4th Jul ~ 26th Aug)
Planning ENGAGED PROJECT THIS MONTH (IV) Policy Issued Analysis :( 4th Jul ~ 26th Aug)
Planning ENGAGED PROJECT THIS MONTH (IV) Policy Issued Analysis :( 4th Jul ~ 26th Aug)
Planning ENGAGED PROJECT THIS MONTH (IV) Policy Issued Analysis :( 4th Jul ~ 26th Aug)
Planning ENGAGED PROJECT THIS MONTH (V) Premium Discount Program:
Planning ENGAGED PROJECT THIS MONTH (V) Premium Discount Program:
Planning ENGAGED PROJECT THIS MONTH (V) Premium Discount Program:
Planning PLANING PROJECT NEXT MONTH (I) List of Products will be submitted for approval:
Planning Thank you!