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Wednesday, July 24, 2024

Sun Life becomes one of the three life insurance companies with the largest charter capital in Vietnam

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Following approval from the Ministry of Finance, Sun Life Vietnam Insurance Company Limited (Sun Life Vietnam) recently increased its charter capital from 16,480 billion VND to 17,944 billion VND, as per the amended license No. 68/GPĐC14/KDBH. With the additional capital of 1,464 billion VND, Sun Life Vietnam has become one of the three life insurance companies with the largest charter capital currently operating in Vietnam.

The strong development in terms of operational scale, human resources, office systems and service centers to better serve clients in Vietnam is a result of Sun Life’s commitment to long-term investment in Vietnam, where we have been operating since 2013. The increased financial strength along with the solid development foundation built through 160 years of global experience, reinforces the assurance of outstanding capabilities to meet the ever-growing needs of Vietnamese clients in the years to come.

Luc Nhon Ly, CEO of Sun Life Vietnam, said: “With the strength and management experience from Sun Life, coupled with our local strategy, a pioneering brand, and a strong, motivated workforce, we are confident in our ability to create high-quality products and services, and help our clients and the community achieve their health and wealth goals and live brighter lives.”

With solutions focusing on experiences, values, and authentic touchpoints, tailored to the diverse needs of each individual, Sun Life Vietnam is providing financial security and health protection for over 300,000 clients, including both individuals and companies in Vietnam.

Sun Life Vietnam is a member of Sun Life – a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional clients. Sun Life has operations in 28 markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2023, Sun Life had total assets under management of $1.4 trillion.

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