Healthcare insurance: New products

When service fee is increasing, more and more customers is seeking for better insurance service (including healthcare insurance) and willing to pay more.

Healthcare insurance: New products

Opportunities and rights

Today, there are many hospitals and insurance companies providing premium healthcare insurance products. Non-life insurance companies sell specialized healthcare insurance for annual contract. Customers can change the service provider if they do not satisfy with the product and the service.

In the past 16 years, insurance market has made changes in Vietnamese people’s mindset. With insurance market development strategies, they do not stop studying to provide better products bringing more benefits to customers, especially healthcare insurance products.

An insurance company recently introduced a product “Healthy family – Giving love” designed to protect finance and taking care of overall health of traditional family in one contract. This product covers both parents which helps customers show their care and connect family members. Customer buy only one insurance contract, their big families will be cared about.

Rights to choose

Unlike life insurance companies, non-life insurance companies sell annual healthcare insurance depending on service, coverage, age and health condition of the customer. Annual premium of insurance package can be low or high depending on customers’ demands. When buying those healthcare insurance packages, you will be paid for all treatment fees. For examination and treatment convenience, insurance companies connect top domestic and regional hospitals to help customer choose where they want.

A consultant of an insurance company shares that Vietnamese people are seeking for insurance packages which cover treatment in foreign countries. They not only need to be examined and treated when travelling or on business trip, but they also choose this kind of healthcare insurance due to their wealth.

Women Health conducted a survey on 50 women who used to use premium healthcare insurance and reasons why they choose this service. The results show that: 53% of women choose premium healthcare insurance because of broad coverage including sickness, accident, emergency, etc. 26% of women choose premium healthcare insurance because they can be examined and treated in the foreign hospitals. 21% of women are interested in its simplicity and convenience.