Nearly 300 billion VND has been paid by Bao Viet Insurance after damage from storm No. 3

According to statistics from the Insurance Management and Supervision Department, by early December 2024, insurance companies had advanced nearly VND598 billion to affected customers. Bao Viet Insurance alone has paid nearly 300 billion VND to date, contributing to reducing financial burdens and helping businesses and individuals quickly return to production and business activities.

The project to build the largest liquefied petrochemical warehouse in the North is one of the units that suffered the most damage. Immediately after the storm passed, Bao Viet Insurance advanced 30 billion VND, helping the investor and contractors of the project to quickly start repairing and minimizing interruptions in production.

At the same time, Bao Viet Insurance also paid many compensation packages to other businesses that were heavily affected by storm No. 3. Specifically, as Mipec Port Joint Stock Company was paid 58 billion VND to compensate for the damage.

During the compensation period for damage caused by Typhoon Yagi, Bao Viet Insurance recorded more than 900 affected customers, with losses ranging from human insurance to property insurance. Compensation items include construction works, factories, warehouses, machinery and equipment, bridges and ports, health insurance, motor vehicle insurance, private home insurance, and specialized types of insurance such as boat insurance, goods insurance and agricultural insurance.

Up to now, Bao Viet Insurance has paid a total advance payment of compensation of nearly 300 billion VND, Bao Viet Insurance's payment activities have been implemented urgently and transparently, helping customers quickly overcome the damage, stabilize finances and maintain production and business activities. Notably, the entire appraisal and advance payment process is carried out synchronously, ensuring that corporate and individual customers receive compensation as soon as their documents meet the conditions, contributing to maintaining the continuity of the supply chain and services.

leverage helps businesses stand firm in the era of national growth

In the trend of Vietnam accelerating industrialization and modernization, with a series of key projects in infrastructure, energy, logistics and industrial production, technical property insurance has become a key factor to protect the value chain. Businesses need to proactively equip themselves with appropriate insurance solutions, not only to cope with immediate risks but also to build a solid financial foundation, ready to expand scale in the future.

With 60 years of experience leading the Vietnamese insurance market, Bao Viet Insurance continues to affirm its pioneering position through the implementation of an in-depth insurance solution ecosystem, meeting all risk management needs for businesses and construction works. As a unit trusted by thousands of businesses, Bao Viet Insurance offers technical property insurance programs designed by a team of leading experts, combining modern technology and international standards, ensuring safety and maximum benefits for participating customers.

Bao Viet Insurance representative shared: From key construction projects to multi-industry business activities, Bao Viet Insurance provides all comprehensive and comprehensive insurance solutions to businesses, ensuring investor peace of mind in the face of natural disasters and incidents. We are committed to continuously improving capacity and diversifying programs to create a safe foundation for sustainable development businesses, ready to enter a new era of the nation."