Bancassurance partnership between Sun Life Vietnam and TPBank

FinanceSun Life Vietnam and Tien Phong Bank (TPBank) have concluded a 15-year bancassurance partnership. The life insurer aims to take advantage of the bank's distribution network to get closer to its 2.5 million customers.

As part of this partnership, Sun Life will make an initial payment of nearly 100 million USD to TPBank. Recurring payments are also planned depending on the success of this partnership.

Read also | Restructuring plan of the Vietnamese insurance market

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