Prudential, Military Bank join forces

VNStockNews.com - Prudential Viet Nam Life Insurance and Military Commercial Joint Stock Bank (MB) have inked a deal to launch "bancassurance."

In the first phase, the two partners will sell life insurance for mortgage loans and income/asset loans. Prudential will pay off the remainder of the loan, if the customers dies or is permanently disabled.

Next year, Prudential plans to send consultants to each MB branch to advise customers.