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BNP Paribas SA's BNP Paribas Cardif Forms New Partnership in Vietnam with Saigon Commercial Bank

Thursday, 15 Aug 2013 08:00pm EDT 

BNP Paribas SA's BNP Paribas Cardif announced that Vietcombank Cardif Life Insurance Company (VCLI), its Vietnamese subsidiary, has signed a bancassurance partnership agreement with Saigon Commercial Bank (SCB). The savings and protection insurance products to be developed by VCLI will be distributed through the SCB network of more than 230 branches and transactions offices. The first product to be deployed by SCB and VCLI will integrate protection into deposits to insure SCB clients against unexpected risks of death and TPD. Financial terms were not disclosed. 

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