Insurance for Foreigners in Vietnam 2021. Travelling and living in a faraway place, it is essential for foereigners or expats to know about the country’s healthcare service as an effective way of protecting themselves. Below is an overview of the healthcare service in Viet Nam that expats should take into account.
Travel Insurance
If you are traveling to Vietnam, remember to exercise normal safety precautions with regards to your belongings and be careful not to be caught up in scams, traffic accidents or petty theft of your cash and belongings. However, no matter how careful you are there is always the possibility that something could go wrong, which is why it helps to take out travel insurance for Vietnam. Travel insurance for Vietnam generally covers you for the following:
- missed, canceled or delayed flights
- medical emergencies e.g. injuries, accidents and illnesses
- loss or damage your belongings or gear
- personal Liability
- loss of cash
Different travel insurance policies will offer you different covers and benefits, so it is important to shop around for one that provides you with the specific protection you need based on your situation.
There are many different insurance companies in Vietnam, such as: Manulife, Dai-ich Life, Bao Viet, Generali, Prudential, and AIA.
Health Insurance for Foreigners in Vietnam 2021
Whatever stage you are at, it is very important that you and your family have an Insurance plan that takes care of you and your family’s health in any situation.
Even though there has been dramatic improvement in the past few years, the public healthcare service in Viet Nam remains a major issue. Firstly, doctors are seriously overworked, with the number of patients having significantly increased. Overworked doctors may suffer health problems themselves, and, as a result, may offer lower quality of care to their patients. Not only doctors, facilities in public hospitals are also failing to meet treatment demands. At present, in many public hospitals in Viet Nam, it is extremely common to see two or even three patients sharing a single bed. The lack of beds and space at the hospital has created inconvenience to patients, doctors and nurses.
Moreover, the cost of the healthcare service in Viet Nam is considerably high compared with the standard of living. The cost of visiting specialists, such as dentists and dermatologists, is a significant expense. Generally, while prices are still lower than the rates charged in Western countries, specialists who market themselves for the expat population will charge more than those doctors who treat locals. More importantly, prices and costs at the best hospitals in Ha Noi and Ho Chi Minh City have risen even more sharply recently.
With these disadvantages, buying health insurance is a good choice for expats to protect themselves and their loved ones during the duration of their stay in Viet Nam. A good health insurance policy helps an expat cover all medical costs (tests, hospitalisation, visits, surgery) right in the country. In case of any serious injury or illness, an expat can quickly avail good quality treatment in Viet Nam or travel to the closest city abroad for consultation.
Not only in Viet Nam, health insurance for expats is often designed for treatment internationally. Expats are fully paid for most of the treatment in the coverage area. At present, there are some insurance companies that offer expats a wide range of unique features and optional covers. To save cost, expats in Viet Nam prefer comprehensive insurance packages from companies that have group and family discounts, as well as many flexible benefit options, such as cover for illnesses, accidents, medical examination and treatment in Viet Nam or abroad.
You can check out those insurance companies below for more information:
Bảo Việt
Bao Viet is the largest Vietnamese insurance company and Vietnam’s seventh largest listed company by market capitalisation. It is state-owned and has a strategic partnership with HSBC, which also holds 18% of Bao Viet’s shares.
- Address: 2nd floor, 233 Dong Khoi, Dist.1, Ho Chi Minh City
- Phone: (84-236) 3 822 855
- Website: http://baoviet.com.vn/Home
Liberty Vietnam
With a sterling reputation built over 10 years, Liberty Healthcare Insurance packages are designed for expats living in Viet Nam as well as the burgeoning local middle class. It covers medical examinations in Viet Nam and abroad, medical checks, vaccinations and treatment of up to VND22 billion. Further, the insurance covers all surgical expenses, oncology treatment, local ambulance service, organ transplant and home nursing requirements. This helps expats minimize the risk of illness, get regular health checks, ensure early detection, reduce treatment time and fee, and increase treatment effectiveness.
- Address: 18th floor, Vincom Building, Ben Nghe Ward, Dist.1, Ho Chi Minh City
- Phone: 090 501 54 58
- Website: http://www.libertyinsurance.com.vn/en
AIA Vietnam
AIA Vietnam provides customers free-of-charge call center assistance with doctors consulting on cancers and serious diseases while related staff answering questions on claiming insurance benefits.
AIA Vietnam is a member of AIA Group – the world’s largest independent life insurance group of Asian origin.
Founded in 2000 with the aim of protecting the prosperity and financial security of Vietnamese, after 20 years of operation, AIA Vietnam has affirmed its position as one of the leading life insurance companies in the market. To date, the company operates a wide system of over 170 offices in more than 50 provinces and cities across the country.
AIA is currently serving and ensuring financial safety for more than 1.2 million customers in Vietnam and has paid insurance benefits for hundreds of thousands with a total amount of over VND5.4 trillion ($233 million).
- Address: 15th Floor, Tower 2, Saigon Centre Building, 67 Le Loi, Ben Nghe Ward, Dist.1, Ho Chi Minh City
- Phone: 028 38122777
- Website: https://www.aia.com.vn/vi/index.html
Pacific Cross Vietnam
With the rising costs of medical care, health insurance is one of the most important decisions you can make for yourself, your family and your business. By choosing Pacific Cross Vietnam you can take advantage of its 60 years’ experience providing health insurance to people who call Asia home and rest assured you will have transparent, honest and reliable insurance for when you need it most. Creating peace of mind is why Pacific Cross Vietnam is the strength behind your insurance.
- Address: 6th Floor, 159C De Tham, Dist. 1, Ho Chi Minh, Hồ Chí Minh
- Phone: 028 7306 9669
- Website: https://pacificcross.com.vn/en/
Manulife Vietnam
As a member of Manulife Financial, Manulife Vietnam is proud to be the first 100% foreign-owned life insurer in Vietnam. The Company is also the only foreign-owned life insurer in Vietnam that owns a headquarters building worth US$ 10 million. The Company now offers a wide range of innovative life insurance products, from traditional products to health, education, investment, and pension, etc.
Throughout its over 15 years of operations in Vietnam, Manulife Vietnam has successfully built a strong reputation and maintained its position among the top 3 players in the Vietnamese life insurance market.
- Address: 75 Huynh Van Thai, Tân Phú Ward, Dist 7, Ho Chi Minh City
- Phone: 028 5416 6888
- Website: http://manulife.com.vn/en-us/default.aspx
Fubon Insurance (Vietnam) Co. Ltd
Fubon Financial Holdings and Fubon Life Taiwan will be the strongest backing for Fubon LIfe Vietnam. With the flexible marketing strategy, Fubon Life Vietnam will actively open new branches and incorporate the property insurance, life insurance and banking services offered by Fubon Financial Holdings in Vietnam market to become the best financial and insurance service partner for Taiwanese companies and local residents. It has committed to strive for perfection and to provide the most heart-warming and localized service to the clients. In addition to pursuing business growth, Fubon Life Vietnam will also fulfill its corporate social responsibility to become the most reliable life insurance company in the industry.
- Address: 15th floor, REE Building, 9 Đoàn Văn Bơ, Ward 12, Dist 4, Ho Chi Minh City
- Phone: 028 3943 5678
- Website: https://www.fubonins.com.vn/
Prudential Vietnam Life Insurance Co., Ltd
Prudential is the leading life insurance company in Vietnam. It offers products focused on Protection, Saving and Investment via over 200,000 financial consultants, an expansive network of over 360 offices as well as a nationwide network of partnerships with eight reputable banks and 366 hospitals and clinics (as at March 2020). Prudential is also a pioneer in applying modern technology to simplify the process and enhance the customer experience as well as support the community on their healthcare journey.
- Address: 2-4, Ben Can Giuoc Street, Ward 11, District 8, Ho Chi Minh City
- Phone: 028 3951 3099
- Website: https://www.prudential.com.vn/en/
Chubb Life Insurance Vietnam
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
Chubb Life offers a comprehensive range of quality life insurance products to meet the financial protection and security needs of a broad range of customers. By taking a needs-based approach, the company skillfully helps customers evaluate their financial requirements and devises customized plans to safeguard their future, property and business. Financial Protection for you and your loved ones
- Address: 115 Nguyen Hue, Ben Nghe Ward, Dist.1, Ho Chi Minh City
- Phone: 028 3827 8989
- Website: https://www2.chubb.com/vn-en/
Insurance for Foreigners in Vietnam 2021
