(HBO) – The Hanoi branch of the Agriculture Bank Insurance joint Stock Corporation (ABIC) has paid bancassurance compensations to the families of five dead clients of the Vietnam Bank for Agriculture and Rural Development (Agribank)’s branch in Kim Boi district. The customers joined ABIC credit insurance while borrowing loans from the Agribank. ABIC Hanoi and representatives of the borrowers’ families paid all the loans to Agribank Kim Boi.


Representatives from ABIC Hanoi, Agribank Hoa Binh and Agribank Kim Boi paid compensations equivalent to 100 percent of the loans to families of the dead clients.

 

The total bancassurance compensations that ABIC paid to the five families were nearly 488 million VND (19,264 USD). Specifically, Bui Van Thieu’s family in Nam Thuong commune received over 31 million VND; Bui Van Huynh’s in Vinh Dong commune got over 41.2 million VN; Dinh Cong Tho’s in My Hoa commune was paid 102 million VND; Bui Van Kien’s in Cuoi Ha commune got nearly 103 million VND; and Tran Van Canh’s in Bo town received nearly 202 million VND.

 According to a representative of the ABIC Hanoi, with the deepest sympathies to the families of the dead clients of Agribank Kim Boi, ABIC Hanoi paid 100 percent of the loans the customers borrowed from the bank. ABIC Hanoi hopes to ease the difficulties and great loss that the families face, helping them to stabilise and rise in economic development, said the representative.

 Since the credit insurance "Bao An Tin Dung” product was launched in Kim Boi, the ABIC Hanoi has paid compensations totaling 2.8 billion VND to 125 customers.

 In 2018, ABIC Hanoi compensated 22 families of clients with 820 million VND. Currently, Agribank Kim Boi annually serves about 4,800 borrowers who also joined Bao An Tin Dung insurance provided by ABIC Hanoi.

 

 

Related Topics


Signing a cooperation agreement to create a labor source in the province to work abroad for a limited period of time

At HANOI JVC Training Center (Hanoi), the Farmers’s Support Center, the Provincial Farmers' Union and VTC1 International Development joint Stock Company recently held a signing ceremony for a cooperation agreement to link consulting and create the labor resources working abroad for a limited period of time.

Continuously improving the quality of education

In recent years, the education career in Yen Thuy district has changed positively. The school facilities have newly been built and the quality of education has improved.

Action Month for Gender Equality launched in Hoa Binh

The Board for Women's Advancement of Hoa Binh province on November 11 officially launched the Action Month for Gender Equality, focusing on preventing and addressing gender-based violence. As part of the event, a special talk was held on the theme of sharing household work for a happy family. The event drew 300 delegates, including Nguyen Van Toan, Standing Vice Chairman of the provincial People's Committee and head of the provincial Board for Women's Advancement.

Hoa Binh promotes family values, human standards in new era

The people in Hoa Binh province are aware of the need to build and preserve the cultural traditions and unique customs of their communities, especially those related to ethnic identities and family values which serve as foundation for a vibrant, tradition-rich Hoa Binh, enriching community life. In recent years, the province’s Party Committee, authorities, and residents have paid heed to building and developing family values and fostering human standards in the new era.

Festival of great national solidarity, culture held in Da Bac district

The festival of great national solidarity and culture in 2024 was held at the communal house of Da Bac district on November 5. Vice Chairman of the provincial People’s Committee Nguyen Van Toan and leaders of departments and sectors attended the event.

Da Bac district actively responds to patriotic emulation movements

The Labor Federation of Da Bac district has focused on protecting workers' rights while actively participating in patriotic emulation movements to enhance the creativity and productivity of the local workforces across agencies, organisations and enterprises.