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 customers'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)
Contact
Kindly contact BIDV's Premier Relationship Directors /BIDV's Premier Relationship Managers at BIDV‘s branches for support and more information.
(*) BIDV joints with BIDV Insurance Corporation (BIC) to provide the product to customers
