Product information
- Subject Insured: Individuals or organizations that enter into an insurance contract with BIC, sign the insurance claim form and pay the insurance premium.
- Insured property and types of insured houses:
+ Insured property: Building coverage (not include Contents coverage)
+ Types of residential houses insured (insurance only applies for the house that is a construction building for the purpose of living and serving the daily needs of household, built of brick, stone and cement, within the Vietnam territory):
Apartment that has 5 floors or more.
- Semi-detached houses/villas with at least 4 meters wide access road or access to fire engines in case of fire or explosion incidents.
- Scope of covered risks: Fire, Direct lightning strike;
- Insurance period: as per customer's request, ranging from 01 year to 5 years.
- Sum insured:
+ Sum insured ranging from VND 200,000,000 to VND 20,000,000,000
+ The sum insured does not include the value of land use rights.
Suitable customers
All lending customers at BIDV
Application
- In accordance with Bank's loan application.
- House evaluation is not required; insurance coverage takes effect after 1 minute.
(Specific insurance terms and conditions are specified in details in the insurance contract between the customer and BIC)
Kindly contact BIDV's Private Bankers at Private Banking Center/ BIDV's Premier Relationship Managers at BIDV's branches for more support and information.
(*) BIDV joints with BIDV Insurance Corporation (BIC) to provide the product to clients
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