The evolving role of unit linked insurance in the digital era
Prudential Vietnam is developing unit linked insurance solutions with greater flexibility to better support customers long term financial management needs
Unit-linked insurance is transforming its role to better accommodate customers' shifting financial needs in the digital era. Prudential Vietnam is at the forefront of this transformation by developing more flexible unit-linked insurance solutions that cater to long-term financial management goals. The company's PRU-Đầu Tư Vững Tiến (PRU-Wealth Forward) product allows customers to invest in seven PRUlink funds, offering a range of risk levels and customizable strategies to align with individual financial objectives and risk tolerance.
In addition to investment-linked benefits, PRU-Đầu Tư Vững Tiến also provides protection against potential risks, with benefits up to 110 percent of the Sum Assured. In the event of death or total and permanent disability, Prudential will pay either 100 percent of the Sum Assured or 10 percent of the Sum Assured (capped at VND100 million), depending on the cause of death or disability.
PRU-Đầu Tư Vững Tiến also offers the PRUBảo Vệ Tối Đa 2.0 (PRUMax Protect 2.0) product, which offers two plan options that provide optimal protection value and can be combined with a diverse portfolio of supplementary insurance products. With PRUMax Protect 2.0, every premium paid is maximized for its protection value. The company has also invested in digital technology to streamline policy administration and claims processing.
The application of Optical Character Recognition technology enables near real-time validation of documents, accelerating decision-making in claims processing. This technology has been implemented since 2024, significantly improving customer experience. The evolving role of unit-linked insurance is particularly relevant in Vietnam, where the middle-income population is growing rapidly and disposable income is projected to increase.
As financial priorities evolve, solutions like unit-linked insurance that combine protection with investment are gaining attention. Prudential Vietnam's commitment to providing innovative and digitally-enabled insurance products reflects the changing landscape of financial management in the digital age.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
