The demand for children’s life insurance is growing
More and more Vietnamese parents are taking out child insurance to plan their finances, secure their children’s future and as a protective solution for the whole family.
As income and quality of life improve, Vietnamese parents tend to make financial plans for their children’s future from an early age. In particular, taking out insurance is seen as one of the solutions that more and more parents are opting for.
According to experts, people’s demand for life insurance has increased significantly since the outbreak of the pandemic. Parents are often willing to take risks to ensure the balance of family life this time. In addition, children are always a valuable asset for parents, investment and financial planning for their children’s future is what many parents are looking for.
Child insurance can be seen as a backup plan to guarantee your future dreams. The expert said that today’s children’s life insurance policies nearly cover their needs for protection and financial accumulation in a single product.
Ms. Hanh Dung (Hoan Kiem, Hanoi) said that providing her children with adequate life insurance is one of her family’s top priorities. Young children have weak immunity and easily get sick. According to Ms. Dung, one solution for parents in getting the right life insurance packages for their children is to reduce their concerns about medical costs and allow them treatment in quality medical facilities.
“As children, teenagers under the age of 18 are still exposed to a high risk of accidents and illness and are dependent on their parents’ money. So my wife and I bought an insurance product for our son when he was only 3 years old. When we’re not around, he still has strong financial support,” Hanh Dung said.
Regarding her almost 2-year-old daughter, Ms. Dung is considering a choice between Shinhan-Future and Shinhan-Thanh Tai life insurance. Both are newly launched children’s products by Shinhan Life Insurance Vietnam. He is impressed by the optimal performance of these two financing solutions at very reasonable premiums.
According to Ms. Hanh Dung, the strength of these two insurance products combined is to protect parents and children from life’s unpredictable risks. At the same time, it is also a financial backup fund for the whole family in case of need.
As someone enthusiastic about the two products that have just launched, Mr. Lee EuiChul, CEO of Shinhan Life Vietnam said, “With the two children’s products ‘Shinhan – Future’ and ‘Shinhan – City’, Shinhan Life would like to Help Parents Prepare their luggage by helping them on their journey so their children can face life with confidence.
By participating in the “Shinhan – Future” product, the beneficiary is protected against life risks such as death or permanent total disability with benefits of up to 110% of the insured sum. In the event of a serious illness, the beneficiary receives financial support of up to 100% of the sum insured, in addition to many other great benefits.
Shinhan – Thanh Tai is a product that combines protection and savings. By participating, the beneficiary receives many relevant benefits, including: educational benefits equal to 100% of the sum insured; Death, total and permanent disability benefits up to 150%; Up to 50% financial support for children with serious illness; Receive 50% on the day the contract expires…
In addition to the above benefits, both products support unforeseen medical expenses (hospital, surgery, critical care), gratuities, financial assistance, the contract remains in place if, unfortunately, one of the parents or the sponsor is in jeopardy. As a result, no matter what happens to the caregiver, the child’s future is still protected by Shinhan Life.
With the growing demand for child insurance among Vietnamese families, especially in big cities, Shinhan Life’s two products, with practical and valuable benefits, are expected to be ideal solutions for parents on their journey to find options to secure their future. . and enjoy the present life in peace.