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“AN PHÁT TRỌN ĐỜI” – LIFE LONG LIFE INSURANCE PRODUCT

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“AN PHÁT TRỌN ĐỜI” – LIFE LONG LIFE INSURANCE PRODUCT

THE BEST LIFE INSURANCE PRODUCT IN VIETNAM 2016

A Product of Bao Viet Life

 Bao Viet Life is proud of being one of the first life insurance companies to provide customers with UVL products. Thanks to attractive and flexible benefits, Bao Viet Life’s products have quickly attracted customers and always stands at the top of UVL products market. Launched in 2009, An phát trọn đời is the flagship UVL product of Bao Viet Life.

According to business results in 2015, new market revenue of Bao Viet Life’s UVL product was USD72 million, accounting for 61.7% of the total. An phát trọn đời alone generated a revenue of USD 36million, which is equivalent with 31.4% of the total new business market. As such, An phát trọn đời reaffirmed its outstanding position among Bao Viet life’s product portfolio.

On 6 November 2015, An Phát Trọn Đời was honored to receive the award of “Vietnam’s Trust& Use 2015”(Tin&Dùng Việt Nam 2015) by The Economic Journal– one of the most prestigious journals in Vietnam. The award is to honor companies with product’s service and quality being highly appreciated by customers. The awardTrust& Use Viet Nam 2015”has selected only 100 product brands out of thousands nominated products.

“AN PHÁT TRỌN ĐỜI” – LIFE LONG LIFE INSURANCE PRODUCTSALIENT FEATURES OF THE PRODUCT

An Phát Trọn Đời provides a comprehensive financial solution for customers with 3 objectives: “Insurance”, “Savings” and “Investment”. With the premium payment period of only 10 years, customers will be protected for the whole life, and enjoying the investment results of UVL Fund, which is professionally managed by Bao Viet Fund Corporation.

Transcendent insurance

Customers buying the product shall enjoy the comprehensive benefits include death, total permanent disability and critical illness benefit. The term of policy could be 10 years, 15 years or 20 years. Customers shall be protected with the amount of up to 40 times of the annual premium.

Optimal saving

With flexible maturity, customers could choose various time of receiving payment in order to achieve saving target for important decisions. In addition, this product also provides optimal choices, such as: automatic increasing sum assured of 5% p.a to cover inflation. Furthermore, loyalty bonus shall also be credited to the policy account value at the 10-year- anniversary date and every 5 years later.

Efficient investment

 “An phát trọn đời” provides customers with a competitive interest rate. Over the past years, the interest rate declared by BaoViet Life Corporation is not only always higher than the guaranteed interest rate but also being one of the highest one in the market thanks to the professional fund management by Bao Viet Fund Corporation– a 20-year professional investment company. Guaranteed interest rate is 5% per year in the first policy year, 4% per year for the next 8 policy years and 3% per year for the remaining life of policy. However, the declared interest rate was 9.5% in 2013, 8.5%in 2014 and 7%in 2015.

Besides, this is an extremely flexible product, which provides customers with a number of financial solutions appropriated with their conditions and demands such as:

  • Flexibly increase or decrease the Sum assured in each life stage;
  • Flexible premium: customer can change the amount of premium, premium frequency, increase the premium to improve investment benefit, waiver premium but still be assured until the surrender value is insufficient to deduct fees and debts (if any);
  • Flexible withdrawal:advances payment and withdrawals from the policy account value to use for urgent financial

SIGNIFICANT CONTRIBUTION TO THE SOCIETY

“An phát trọn đời”provides a comprehensive financial solution for the society with significant compensations for customers. Up to 31 December 2015, Bao Viet Life has protected for 279,300 policyholders, with the total sum assured of nearly USD2.9 billion. The benefit amount of USD6 million has been paid to 1,452 policies.

“An pháttrọnđời’’s 3 features of “Insurance”, “Savings” and “Investment”provided effective financial solution for the idle capital in society, making it as an efficient investment channel which not only brings profitability but also insurance for customers and their families.

“An phát trọn đời” with its salient features has successfully satisfied customer’s demand, improved the product quality, and contributed to the development of Vietnam life insurance market.

Overview of Bao Viet Life Corporation

Bao Viet Life Corporation is a 100% subsidiary of Baoviet Holdings – the leading Finance & Insurance Group in Vietnam. Having the first life insurance policy issued in 1996, Bao Viet Life Corporation is the pioneering life insurance company in Vietnam.

Over the past 20 years, Bao Viet Life has provided financial plan and protection for more than 5,000,000 customers with benefits of about USD1.35 billion paid out to the customers. Bao Viet Life always stands among the TOP life insurance corporation in term of market share thanks to its high and sustainable growth rate. As of the end of 2015, total premium revenue of Bao Viet Life was nearly USD450 million, accounted for 26.6% of total market share.

Bao Viet Life currently employs 1,700 staffs and nearly 100,000 agents throughout its networks of 65 branches and 300 transaction offices in 63 provinces. The diversified product portfolio with more than 50 products offers a great choice for Bao Viet Life’s customers.

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Investment Roundtable: Live with Jim Bianco

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With Q4’s macro picture still looking grim amid the return of exponential coronavirus waves in Europe and the U.S. and Europe, we speak with veteran macroanalysis strategist Jim Bianco, CMT for a data-driven deep-dive into the global economy and financial markets on Sept. 7th at 12pm EDT.

Sign up for this exclusive webinar now

Key themes:

  • Learn from Jim’s unique combination of quantitative and qualitative analytics which provide an objective view on Rates, Currencies and Commodities to make smart investment decisions
  • Identify important intermarket relationships he is watching with respect to Global Equities
  • Roadmap a global outlook for 2021 in view of socio-political backdrop giving viewers key takeaways and intermarket perspectives on global investing.

Sign up for this exclusive webinar now

Jim’s robust technical analysis includes a broad look at trends and themes in the markets, market internals, positioning such as the Commitment of Traders (COT), sentiment, and fund flows. Don’t miss out on this exclusive session from one of the investment world’s most insightful thought leaders.

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Equity markets react to a rise in Covid-19 cases, uncertain Brexit talks and the upcoming US election

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Equity markets react to a rise in Covid-19 cases, uncertain Brexit talks and the upcoming US election 1

By Rupert Thompson, Chief Investment Officer at Kingswood

Equity markets had another choppy week, falling for most of it before recovering some of their losses on Friday and posting further gains this morning.

At their low point last week, global equities were down some 7% from their high in early September. US equities were down close to 10%, hurt by the large weighting to the tech giants which at least initially led the market decline.

The market correction is nothing out of the ordinary with 5-10% declines surprisingly common. Indeed, a set-back was arguably overdue given the size and speed of the market rebound from the low in March.  As to the cause for the latest weakness, it is all too obvious – namely the second wave of infections being seen across the UK and much of Europe and the local lockdowns being imposed as a result.

These will inevitably take their toll on the economic recovery which was always set to slow significantly following an initial strong bounce. Indeed, business confidence fell back in September both here and in Europe with the declines led by the consumer-facing service sector. A further drop looks inevitable in October – fuelled no doubt in the UK by the prospect that the latest restrictions could be in place for as long as six months.

The job support package announced by Rishi Sunak did little to boost confidence. Its aim is to limit the surge in unemployment triggered by the end of the furlough scheme in October. However, the scheme is much less generous than the one it replaces as the government doesn’t want to continue subsidising jobs which are no longer viable longer term.  A rise in the unemployment rate to 8% or so later this year still looks quite likely.

Aside from Covid, for the UK at least, there is of course another major source of uncertainty – namely Brexit. Another round of trade talks start this week and we are rapidly reaching crunch time with a deal needing to be largely finalised by the end of October.

Whether we end up with one or not is still far from clear. That said, the prospects for a deal maybe look rather better than they did a couple of weeks ago when the Government was busy tearing up parts of the Withdrawal Agreement. With significant Covid restrictions quite probably still in place in the new year and the Government already under attack for incompetence, it may not wish to take the flack for inflicting yet more chaos onto the economy.

Markets remain unimpressed. UK equities underperformed their global counterparts by a further 2.7% last week, bringing the cumulative underperformance to an impressive 24% so far this year. The UK weighting in the global equity index has now shrunk to all of 4.0%.

It is not only the UK which faces a few weeks of uncertainty. The US elections are on 3 November. We also have the first of three Presidential debates this Tuesday. Joe Biden’s lead looks far from unassailable, a close result could be contentious and control of Congress is also up for grabs.

All said and done, equity markets look set for a choppy few weeks. Further out, however, we remain more positive – not least because the focus should hopefully switch from the roll-out of new lockdowns to the roll-out of a vaccine.

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What Investors are Looking for in the Next Fintech

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What Investors are Looking for in the Next Fintech 2

By Shaun Puckrin, Chief Product Officer, Global Processing Services

Are investors getting pickier when it comes to fintech? It’s hard to say for sure, but there are recent developments that point towards a shift in investor interests.

Firstly, research from Innovate Finance shows that investment in UK fintech dropped by 39% in the first half of 2020, compared to the same period in 2019. In H1 2020, $1.8bn of venture capital was invested in 167 startups compared to H1 2019, when $3bn was invested in 263 startups.

However, it’s worth mentioning that the $1.8bn UK fintech investment earlier this year was still a 22% increase over the second half of 2019, when funding totalled $1.5bn. Therefore, all signs suggest that investors will make significant increases in capital investments during the rest of the year.

Secondly, it appears that the current investor appetite is for more mature, later-stage fintechs: more than half of the $1.8bn went to just five companies: Revolut, Checkout.com, Starling Bank, Onfido and Thought Machine. Perhaps it is the ongoing economic uncertainty surrounding the COVID-19 crisis that is prompting inventors towards perceived “safer bets”, but what we do know for a fact is that early-stage fintechs raised just 8% of the total investments.

Is there a silver lining? The coronavirus crisis has rapidly accelerated the digitisation of financial services, with lockdown restrictions encouraging those previously resistant to engage with digital financial services. The stage is set for fintechs to thrive and deliver offerings that meet shifting consumer demands. To be in with a shot of wooing investors, fintechs will need to demonstrate certain qualities that set them apart from other companies.

So, what are the four things investors are looking for in the next big fintech?

  1. A strong, differentiated proposition

The fintech marketplace is crowded and filled with mature innovators setting a high standard for everyone else. Against this backdrop, “challenging the incumbents” is, unfortunately, no longer a USP.

To really catch the attention of investors, you must be addressing a clear, pressing market need that no one else is tackling. Not just that, your proposition must be easily articulated and backed to the hilt with market research that proves the opportunity is worth pursuing.

Ultimately, investors are going to ask the question: why you? What are you doing that’s unique? What do you have that means you – and only you – can do this? They will also want to know how defendable that proposition is once you’ve built it.  What is your moat? Getting this right means a foot in the door with investors.

  1. A path to profitability or exit

This is an extremely pertinent point, especially given recent news surrounding the financial results for many of the big challenger banks, and how they show the route to profitability for challengers isn’t necessarily straightforward or easy.

In the current environment, an attractive fintech must be able to demonstrate a concrete, long-term plan for the financial viability of the business. There are different paths for investors to make their returns, be it a trade sale or IPO, but the fundamentals of securing a successful outcome are usually the same. By being able to demonstrate how you can plot a course to attract and serve your customers for less than you can monetise them will be at the route of any subsequent valuation, no matter how its outcome is achieved.

Whatever the goal, you need a plan to support your ambitions. You need to demonstrate an understanding that building a scalable and sustainable fintech is likely to require significant capital – you must invest in the right people, partners and technology to make money. Developing competitive services, attracting customers and, crucially, monetising your offerings, requires hard work and the ability to adapt to your customer’s needs.

  1. Strong leadership and core team

Ultimately, securing investment is about building relationships and what often tips the scales is having the right people in the room. This is why a great team is crucial.

A great team means many things: Strong leadership with the vision to build something revolutionary. The skills and expertise to turn that vision into reality. The experience to traverse the pitfalls and opportunities you’ll face. And finally, the ambition and determination to make the business successful no matter what.

Building the right team with the right qualities is often what convinces investors that they’re putting their money in the right place.

  1. The right partnerships

Partnering with the right organisations can give you strategic access to the solutions that will help build and scale your offering. Their expertise and experience are often invaluable; many partners have been in the game for years and may have already solved problems you might be encountering for the first time.

From an investor’s perspective, seeing that you’re working with credible partners and proven tech helps build confidence. It shows that you’re a less risky investment, and that you respect their investment and are going to be using their money to build real value.

Fintech investment is not dead

After this recent blip, we expect the amount of investment into fintech to continue to be significant, at least in relation to other industries. But there’s no avoiding the fact that investors will be looking to stress test potential investments much more than before.

By creating a differentiated proposition, planning a clear route to profitability, building a strong team, and finding the right partners, fintechs will be in with a shot of securing the funding they need to make their grand vision a reality.

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