Techcombank Launches Educational Saving Accounts

The Viet Nam Technical Commercial Bank (Techcombank) has launched two new Bancassurance products, which are accounts for educational savings and credit insurance for new houses and luxury cars.

The two products are part of the co-operation in distributing insurance products via banking between Techcombank and Bao Viet Life Insurance Company.
An educational savings account is a form of long-term periodical savings account by VND with saving interests and free-of-charge insurance. In case of risk, Bao Viet will continue sending money to customers’ savings account to its expiry date, with the maximum amount of money up to VND500 billion.
With the credit insurance, customers will be insured for the loans to buy houses and cars by Techcombank.

By Ham Yen – Translated by Thuy Hang

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