Whether foreigners can buy life insurance is the concern of many Chinese friends who live in Vietnam. Especially in the context of international integration, more and more people from other countries come to Vietnam to work and live, including foreigners.
The following article will answer these questions for you.
Life insurance has many practical benefits and is being chosen by many people. This is considered to be an effective financial backup solution to deal with many unexpected risks in life, and it is also an accumulation to achieve future goals or enjoy a comfortable life in later years.
At present, besides the Vietnamese, there are also many foreigners who want to have a life insurance policy. But can foreigners buy life insurance?
According to experts, foreigners living in Vietnam can still buy life insurance or use cross-border guarantee services from insurance companies operating in Vietnam. However, there are some differences in the procedures, terms, and conditions for foreigners to participate in insurance compared with Vietnamese.
Putting the following precautions in your pocket will help foreigners to participate in life insurance more conveniently and quickly:
Vietnam’s life insurance market is currently very active, with many different insurance companies participating. This diversity gives customers a lot of choices, but sometimes it makes many people wonder which life insurance company they should join?
In order to get timely support when participating in life insurance and avoid risks, experts suggest that well-known insurance companies with a long history, and strong financial strength, and well-known insurance companies should be established, which are highly praised by well-known institutions and institutions.