Prudential Vietnam grew revenue by 15.2%

According to the financial statements for 2021, net revenue from insurance business of Prudential reached VND 28,276 billion, up 14.4%. In particular, this business paid more than 8,610 billion VND of insurance benefits to customers, an increase of 37.6% compared to the previous year, accounting for about 26% of the total payment of the whole market.

The report also shows Prudential’s financial potential in business and investment activities with increased indexes compared to 2020. Specifically, the total asset value reached VND 148,152 billion, up 19.2%; total investment capital into the economy was 129,498 billion VND, up 15.4%.

Last year, Prudential also helped customers increase assets when 6 PRUlink funds of the Unit-linked insurance product line, typically PRU-Flexible investment, achieved impressive returns. Specifically, the net profit ratio of the funds after deducting management fees is as follows: PRUlink Vietnam Stock has the highest rate of 40%; next to funds PRUlink Growth is 28.5%; PRUlink Balance is 20.8%; PRUlink Sustainability is 13.3%; PRUlink Vietnam Bonds is 3%; PRUlink Bao Toan is 4.2%.

The Universal Endowment Fund of the Universal Link product line including PRU-Active Life, PRU-Optimal Protection… also offers an effective investment rate of at least 5% in 2021 (after deductions) fund management fees).

Besides impressive revenue results in 2021, Prudential also actively joins hands with the community through many meaningful programs, developing and upgrading practical products to help solve health and financial issues of concern to the community.

Along with that, in the context of the epidemic, Prudential quickly adapted, developing many digitalization initiatives such as the automatic compensation process (Auto-Claim) or the automatic appraisal process (Auto-UW). The results show that the rate of automatic compensation decision (Auto-Claim) is up to 80.1% and the rate of automatic appraisal decision (Auto-UW) reaches 81.2%.

The year 2021 is also the 4th year that Prudential has been recognized as “Asia’s Best Place to Work” by HR Asia and as “The Ideal Work Environment” by Great Place to Work for the first time in February 2022. .

Mr. Phuong Tien Minh, General Director of Prudential Vietnam said: “At Prudential, our activities are closely linked with our commitment to sustainable development, not only in the business sector, but also in customer support activities. customers, employees, partners and the local community”.

Mr. Minh also added that 2022 will open up positive signals with the recovery of the economy and the return of service industries. Prudential’s business activities continue to focus on customers, focusing on diversifying products, improving the quality of distribution channels and developing practical digital applications to bring the most convenient experiences to customers. customer.

Prudential Vietnam Life Insurance Company Limited (Prudential) is a member of Prudential plc. Prudential, operating in Vietnam for over 22 years and focusing on expanding the life insurance market, changes people’s perception of insurance. As of December 31, 2021, Prudential Vietnam has developed a team of more than 218,000 professional consultants, with more than 350 general agent offices, transaction offices and customer service centers. The company also has a network of 7 reputable partner banks that are always ready to serve more than 1.6 million customers nationwide.

Thanh Thu