Japan's Dai-ichi Life Insurance Company of Vietnam, Ltd and HDBank on May 11 signed an exclusive bancassurance partnership agreement.

For 10 years starting in July Dai-ichi Life Vietnam will be the sole insurer selling life insurance products and health riders through HDBank's national network.

It will in turn offer HDBank's products and services to its own customers.

Besides, when paying their insurance premiums, Dai-ichi Life Vietnam customers can use HDBank's bill-payment service at more than 220 transaction points nationwide and through e-banking to be set up soon.

HDBank and Dai-ichi Life Vietnam pledged to help each other develop sustainable strategic cooperation between the banking and insurance sectors.-VNA