Insurance

Advantages of Receiving a Pension Compared to a One-Time Social Insurance Payment
11:40, 11/07/2024
On August 24, 2017, the Social Insurance (SI) of Vietnam issued Official Dispatch 3758/BHXH-TT regarding the implementation of communication on Social Insurance policies. The document notably highlights the advantages of receiving a pension compared to obtaining a one-time Social Insurance payment, such as:

New Points in the Amended Law on Insurance Business
11:31, 11/07/2024
The amendments in this Law are assessed to create conditions for the market to develop more sustainably.

Perfecting Mechanisms and Policies to Promote Sustainable Development of the Insurance Market
11:31, 11/07/2024
After more than 20 years of formation and development, the Vietnamese insurance market has become an effective long-term capital mobilization channel for the economy, creating jobs and stable income for workers, and making a positive contribution to the national development efforts in various periods. The legal system on insurance business has been gradually perfected, creating a solid legal framework for insurers to conduct their business operations.

Important Amendments in Insurance Business Law
11:30, 11/07/2024
Currently, the Ministry of Finance is urgently seeking opinions to amend and supplement certain provisions of the Law on Insurance Business (expected to be submitted to the National Assembly for consideration and approval at the 8th session at the end of this year) in order to enhance the effectiveness of this Law in socio-economic life, align with Vietnam's WTO commitments in the field of insurance business, and international insurance principles, while also raising the requirements for state management.

Exclusion of Insurance Liability in Insurance Business Contracts
11:30, 11/07/2024
In the current context of Vietnam, where the awareness and understanding of individuals in society are increasingly being enhanced, non-essential needs such as entering into an insurance contract are no longer considered "a luxury need." Consequently, insurance products are flourishing in the market, becoming increasingly diverse in both quality and quantity. This requires the legal framework governing this specific commercial activity to be perfected in order to create a safe and effective playing field. In this playing field, merchants are ensured the freedom to conduct business, and the objective of seeking profit is also ensured, while policyholders have their legitimate rights and interests protected when choosing to purchase insurance as a financial precaution against potential risks in life.

Health Insurance for Persons with Disabilities: Regulations and Benefit Levels
10:52, 11/07/2024
Persons with disabilities who are beneficiaries of social protection are provided with health insurance cards by the State and are entitled to the highest benefits, which is 100% coverage of medical examination and treatment costs under health insurance as stipulated.

05 new notable regulations on maternity policies for employees
10:33, 11/07/2024
Below are notable new points about maternity policies mentioned in the Draft Circular amending and supplementing certain articles of Circular 59/2015/TT-BLDTBXH detailing and guiding the implementation of certain articles of the Law on Social Insurance regarding compulsory social insurance.

Changes in the Regulations on Compulsory Social Insurance
10:27, 11/07/2024
The Ministry of Labor, Invalids and Social Affairs is currently seeking public opinion on the Draft Circular amending certain provisions of Circular 59/2015/TT-BLDTBXH guiding the implementation of several articles of the Law on Social Insurance regarding compulsory social insurance. Below are the points revised regarding general regulations, sickness and maternity social insurance policies.

People with Social Insurance and Health Insurance in Vietnam Should Be Aware of These Changes Starting from July 1, 2018
10:10, 11/07/2024
From July 1, 2018, the statutory pay rate in Vietnam was increased by 90,000 VND/month, raising the current rate to 1,390,000 VND/month. Some benefits for social insurance and health insurance participants in Vietnam were also changed.

New Guidance on Social Insurance Debt Collection and Implementation Procedures in Vietnam
09:54, 11/07/2024
Draft Decree on the Management of Debt Collection of Social Insurance, Health Insurance, Unemployment Insurance and Ensuring the Rights of Employees is currently in the process of collecting feedback with several noteworthy contents in Vietnam as follows: