MB Ageas Life’s official company license for Establishment and Operation.
MB Ageas Life Insurance Company Limited has officially been granted the License for Establishment and Operation No 74/GP/KDBH by the Ministry of Finance. It is seen as a significant milestone of Life insurance industry’s development in Vietnam with the presence of the 18th Life Insurance Company. The establishment of MB Ageas Life marks as strategic development in business diversification of Military Commercial Joint Stock Bank after a long period of investigation, consideration and selection of joint-venture partners.
MB Ageas Life’s three joint-venture partners are: Military Commercial Joint Stock Bank (MB) (61%); Ageas Insurance International NV (29%) and Muang Thai Life Assurance Public Company Limited (10%); with the charter capital of VND 1,100 billion. MB Ageas Life leverages the existing strengths of three strong brands: Military Commercial Joint Stock Bank - a leading financial institution in Vietnam with the network of more than 240 branches and transaction offices, Ageas - the leading brand of life insurance in Europe with nearly 200 years of enduring and development, Muang Thai Life - Life Insurance company – top 1 in bancassurance sales in Thailand, which is a huge advantage of MB Ageas Life in business strategy in Vietnam market.
Senior Lieutenant Colonel Nguyen Thi Thuy – MB’s Board of Directors, Chairwoman of MB Ageas Life Insurance Company Limited – strongly believes that MB Ageas Life will become one of leading Life Insurance companies who is trusted and loved the most. As such, in its development strategy, MB Ageas Life always put customers at the heart of every business plan and development in order to serve a wide range of products and services for each customer segmentation, with a determination to bring a beautiful, happy life for the people of Vietnam.
Towards the official launching event to the market, the Board of Directors and all employees of MB Ageas Life have been working hard and determined to implement fundamental and critical projects.
Until 2020, the key goal of MB Ageas Life is to realize the aspirations to become a leading Life Insurance Company in Bancassuarance sector in Vietnam.
Sincerely thank the cooperation!