Vietnamese workers in Saudi Arabia should avoid public places

Insurance company: It is recommended by the Department of Overseas Labor Management (Ministry of Labour, Invalids and Social Affairs) has sent to Vietnamese labors who are working in Saudi Arabia. This recommendation came after the unstable security situation in Saudi Arabia.

On July 4^th , as a report of the department of foreign labor, a number of suicide bombings have occurred in the mosque in the city of Madinah, Qatif and near the US Consulate in Jeddah city of Saudi Arabia. The bombing has caused casualties among security personnel 14 local and some civilians.

Comments by the Saudi authorities, the attacks are on crowded places,, for the purpose of causing injury, creating panic psychological instability.

None one of an embassies in Saudi Arabia has made any special warning for their citizens. According to the Department of Overseas Labor Management: The ability of Vietnamese labor casualties cases bombing occurred is not high. Since Vietnamese labors are non-Muslim, should not come to the mosque as well as the base of the West.

Insurance company: However, to ensure safety, the Department of Overseas Labor Management recommends laborers to work in Saudi Arabia: Restrictions to crowded places, public places could be targets of terrorism; not involved foreign organizations operating in Saudi Arabia in any form, including humanitarian activities, dissemination of culture, religion

Insurance company: In particular, all of enterprises that sending laborers to work in Saudi Arabia need to add the following note: Putting the above recommendations on the content of training for workers before, enterprise / staff representatives of the bussinesses in to manage and closely monitor the situation of the employees work, have plans for dealing with the emergency.

Insurance company: Social insurance debt that damages Vietnamese laborers

Insurance company: For the processing and handling of the case before the Jan 1th 2016, the court decides to suspend the resolution of the case, returns the petition and guides the implementation of the provisions of the Labor Law, social Insurance Law and the Law on Handling of administrative violations. Thus, responsibility to protect the rights of workers (employees) from social insurance debt of business will be made by trade union organizations to receive.

Insurance company: Ms. Nguyen Thi Thu, Deputy Director of the HCM City Social Insurance, said the implementation of the Supreme People's text, for the first time, social insurance HCM City will coordinate with the HCMC Labor Federation in supporting organizations in terms of procedures established colleges profile lawsuits, as well as processes and enforcement lawsuit aims to recover debts social, Health to address the legitimate rights of employees in the field of social insurance. According to Nguyen Thi Thu, courts at various levels when the suspension of cases related to the lawsuits now owe social insurance, health insurance, unemployment insurance (UI), SI HCMC encountered some difficulties. However, the recovery of the amount owed social insurance, unemployment insurance work through lawsuits brought positive results and as a basis for settlement of social insurance and unemployment insurance for employees. Since the Social Insurance Law takes effect from the date 1-1-2016, the lawsuit was delivered to the organization done colleges and social agencies to handle only administrative violations or recommendations to state agencies competent legal handling of social insurance, unemployment insurance.

Insurance company: Last time, HCMC SI also enhance collaboration with the Inspectorate of the Department of Labor - Invalids and Social Affairs on the Ho Chi Minh City bar - unit testing violates the Law on Social Insurance, Health Insurance Law, in addition to preparing the steps for specialized inspection of social insurance revenues; SI MI performed by the agency, at the same time strengthening and preparing legal documents for deliberately delaying units, social insurance evasion serious nature CSDT turn to agencies for criminal prosecution under article 214, 215, 216 of the Penal Code from the date 1-7-2016 for employers who owe social insurance, unemployment insurance.

Insurance company: About saving money for retirement in Vietnam

Insurance company: As the result of HSBC recent survey, more than 18 thousand people in 17 countries (Europe, Asia, Australia, Brazil ...) in working age is under pressure to save for retirement than before. If previous generations just need 23 years to accumulate enough to retire, the workers of today must take up to 30 years.

The survey also showed that the majority of working-age people now believe that they are not saving enough, with nearly 40% of respondents said that as if they began accumulating earlier. Nearly 30% said they should be saving more.

An alarming figures out that 1/4 of people who are working do not start saving for retirement.

Insurance company: The report also said that plans to prepare for the retirement of Vietnam workers have not been paid attention to. According to the investigation by the General Department of Population and Family Planning in 2015, more than 70% of the elderly to continue living, besides getting support from family; only 30% of elderly people have pensions or subsidies from the state budget.

Insurance company: The Ministry of Health research in 2015 also showed that health care costs for the elderly is higher than 7-10 times than the young people and they use 50% of the dose. This further underscores the necessity of planning for a quality retirement.

To have a life of leisure proactive retirement, the bank's experts recommend that everyone should take the following actions:

1. When planning for retirement, first need to list all your spending needs in retirement.

2. Planning for retirement savings earlier to help you build greater financial funds and have more time to source funds profitably.

3. You can find information, tips on saving for retirement from multiple sources, but necessary to ensure that the professional consultants and reliable.

4. Be prepared for the unexpected financial changes. When saving for retirement in trouble, please review the financial condition of the patient and seek alternative savings methods, to help you continue to plan towards a fulfilling retirement life .

Do we need to have lots of money to buy insurance?

Insurance company:  It is one of the questions that the experts aimed to answer online at the meeting called "Life Insurance - When to buy?" by Tuoi Tre and a life insurance company held on May 31^st 2016.

Answering a question from a reader (27 years old) that how old should we start thinking about buying life insurance? Mr. The Loc Tran, deputy director, said life insurance products is usually designed according to two criteria: protection and savings, including protective factors which play a major role.

Insurance company: Meanwhile, any age should be protected. The breadwinner increasingly needs to join life insurance because of the unfortunate case of having problems. Loved ones will receive the benefits, help stabilize families. The appropriate age to buy insurance is depending on the circumstances and needs of each individual, such as income or the need to protect the buyers themselves, relatives, etc.

To the question how much income they can buy insurance, Mr. Vo Van Dung - Director in charge of communications and marketing - said the funds to spend from 600,000 VND / month (equivalent to VND 20,000 each day) are able to participate in life insurance.

"We have a lot of life insurance products to meet the diverse needs of customers, from the contract up to tens of billions to the contract only a few tens of million" - Mr. Dung said.

However, many readers commented that the insured person received the contract only after paying, not fully clear which items they've bought, insurance companies put a fait accompli. With such those questions, Mr. Loc confirmed after the contract was issued, the insurance company also has time for customers to consider before joining.

For example, customers will have 21 days after receiving the contract to consider and reconsider the entire terms of benefits. "Customers have the right to refuse to participate in the contract if you disagree with any of the terms, in which case the company will refund fees already paid the first guests" - Mr. Loc said.

According to Mr. Loc, from September 6^th 2016, will deploy electronic contract services (when the contract is issued, the entire contents will be sent to the personal e-mail client, and is updating electronic information page. Customers can actively refer contract contents before forwarding agents contracted by the paper.

Deploying fast payment of insurance benefits

Insurance company: With fears to buy life insurance is very easy but very difficult to claim for compensation due to cumbersome procedures, Mr. Loc Tran The said that customer can refer to the procedures required in the settlement of insurance contracts or call the hotline of the company or agent for specific instructions.

In particular, according to Mr. Loc, the company implemented the program of fast payment of insurance benefits for 30 minutes after the customer submits a complete dossier at the customer service desk. Meanwhile, the lawyer Nguyen Van Hau also confirmed many customers successfully sued the insurance claim money in the dispute over the insurance contract.

Concerns about healthcare insurance

Healthcare insurance remains its role in bringing major profit to many general insurance companies. Moreover, healthcare insurance products are assessed to have positive increasing rate. However, general insurance companies still concern about this kind of product.

Concerns about healthcare insurance

Healthcare insurance – protection for you life

Why you need healthcare insurance? There are many unexpected risks in this modern life, so the priority in contemporary families is to protect their beloved ones. Learn more about healthcare insurance and know what you get from this product.

Healthcare insurance – protection for you life

More chances for healthcare insurance when hospital fee increases

Healthcare insurance is the product that contributes to major profit of both life and non-life insurance companies. In recent years, healthcare insurance has attracted more and more customers.

More chances for healthcare insurance when hospital fee increases

Insurance company: Faint role of Vietnam Deposit Insurance

Insurace company: According to a small survey, almost depositors "forget" deposit insurance on bank deposits. Deposit insurance is a risk precautions are many countries established to protect depositors in case a bank's inability to pay.

Insurace company: In most countries, the deposit insurance system was established by the government or the central bank. Therefore, the deposit insurance organization is the safety, the reliability, the security for customers' deposits in the banking system.

At the same time, deposit insurance institutions also perform another important task is to prevent and handle bank crises to ensure safety for the entire micro-finance systems.

However, these activities restructuring the banking system last trade in Vietnam does not have a firm imprint of deposit insurance. At the same time, according to a small survey, almost depositors "forgotten" when deposit insurance on bank deposits.

Faint role of deposit insurers

The primary role of deposit insurance is to supervise and check the safety of members participating in the deposit insurance. So that, insurance company will intervene and prevent the crisis could lead to collapse of the banking system. Yet, from the deployment schemes 254 "Restructuring the system of credit institutions period 2011 to 2015", the only role on each central bank to undertake. The shouldering too much responsibility of the central bank will overload and reduce management efficiency - operating monetary policy.

In addition, the ultimate goal is the protection of the insurance company to the depositors. But this also became too "luxury" for depositors. By the majority of them did not care about deposit insurance element when depositors.

Specifically, according to the survey, customers send money from the insurance brand reputation because banks accounted for 14%, 19% interest rates, deposit insurance is 9%, the rest are all factors. However, according to a survey from the author, more than 61% of customers send money known deposit insurance, but 95% do not care for that.

Insurace company: Thus, there is a question to be posed "apparently, the existence of is a burden?” If that happens, it will impact significantly on the national financial security. According to network model by the national financial safety, four strong pillars with a solid legal framework, dividing clear mandates and effective coordination mechanisms that created financial stability. The four pillars are: the Ministry of Finance, the deposit insurance institutions, central banks, and other monitoring organizations. However, in Vietnam, the central banks are pillars bear almost the entire three remaining pillars. One pillar "sooner or later" will lead to financial instability in the future.

Insurance company: Insurance for Children– What should you consider? – P.1

While living standards have gradually improved, insurance is useful product which human beings should consider to care about their health. The current trend of parents is that they have started to think about insurance for their child, ensuring a solid future for the growth of children. However, with so many insurance companies (life insurance) in the market, and each insurance company has numerous different insurance products, then the selection of a package of life insurance products for their baby is a difficult problem.

What kind of insurance is good for children?

In this article, we will explore a number of factors to consider when choosing insurance company for children. Refer to the article life insurance is the best if you want insurance for adults. Take time to review some different kinds of children insurance and adults insurance also, you can see more advantages, and then you can consider some more insurance kinds for your whole family.

Surrender value when the contract matures

When the policy matures, the life insurance company will pay back the full amount that a customer has an annual fee, plus profit from the interest rate that customers pay for life insurance, is called surrender value. When insured children, the parents are often concerned about the surrender value, since this will be the amount of baggage to make their children's college, in life, a new career ... Therefore, it should calculate the number annual premiums, so that when the contract matures, your child will receive enough money to cover the fee.

Life insurance and Education

Joining life insurance for children has many insurance packages which grasp the market demand should have launched the product associated with international universities and abroad. These are programs that are suitable for those who have a need for their children to study abroad (USA, UK, Australia ...) or to study in the country, the life insurance company will help you complete the whole paper forms and procedures, proven financial ... which is very cumbersome and time consuming.

5 notes when buying healthcare insurance (P2)

To make decisions choosing the insurance company, you should establish a comparative table consists of the following elements:

Geographic scope (domestic, Asia, or globally ...) Total maximum healthcare insurance coverage limits of the rights that most interest you (for example, the cost per day of hospital stay, cost per physician visits ...) System hospitals and clinics by the insurance company directly pay the cost of elective Get health care system outside the insurance company has not publicly available compensation procedure is not level insurance fees.

Note when buying insurance

You should complete and honest in the healthcare insurance application form, especially part question "Yes / No" for example, a common mistake of many people is answered "No" to all questions history medical history and medical examination, including questions such as "Over the past 24 months you have periodic health check not?" when they have health checks annually. The wrong answer so may be the legal basis for the refusal to compensate the insurance company.

The declaration honest about your medical history often benefit more customers are not declared. Indeed, although the insurance company may deny coverage and reimbursement for customers, they can still accept healthcare insurance coverage for such patients with lower levels of responsibility or ask customers to share part of the costs through increased rates or fees deductible. However, if the client is declared dishonest insurance company not only refused to pay compensation, but also retained premiums earned - then "money lost, disabilities bring."

And when the claim

You should note that insurance companies pay only for expenses directly related to the care and treatment of sick or injured. Therefore, tests, medical examinations, medications, vitamins, minerals, dietary supplements ... not by a physician appointed, or directed by a doctor but not really a medical emergency will be insurance company refused payment.

5 notes when buying healthcare insurance (P1)

Everyone knows that without health, everything becomes meaningless. Buying healthcare insurance is a means of protecting both physical health and your financial health. However, before deciding to buy healthcare insurance, you should note the following.

Determine insurance needs

Unlike the compulsory healthcare insurance, the healthcare insurance products of the company for non-life insurance is not only financial support for the care and treatment of disease, injury or childbirth ... but also helps visitors consumers can use the best health services in the country or abroad. Depending on the needs and financial capabilities, you can buy healthcare insurance to individuals or family members with the selection of medical services (inpatient, outpatient, dental, maternity Is) to limit the cost and location of various health care. If you prefer a hospital that is not in the hospital system by the insurance company directly pay the cost, you can still pay first and claim later, although some insurance companies require you must notice before treatment. If you want to save, just buy package healthcare insurance for inpatient treatment can be assured about the cost of hospitalization and surgery.

Learn coverage

Insurance protects you against unforeseen incidents. Thus, insurance companies are given limits on timeout or eliminate the disease existed before customers buy healthcare insurance. For example, the waiting time for maternity insurance is 270 days from the effective date of the insurance contract. So, if you're pregnant and then go buy healthcare insurance, you will not be paying the cost of having a baby. This principle also applies to the special diseases like cancer and chronic diseases.

Selection of insurance companies

It's not hard for you to seek a friend or colleague had purchased healthcare  insurance packages. Learn about the real experience and their assessment. Additionally, you can also visit the website of the insurance company to find out information about the product, premiums, a system of clinics, hospitals and compensation procedures. To save time, you can also call free hotline of the insurance company to ask for advice. Finally, you can also explore multi-dimensional information from the forums on the Internet - of course with the cautious attitude.