VASS Assurance Corporation has halted its Corona Care products from April 1 nationwide.(Photo vass.com.vn) Hanoi (VNS/VNA) - TheMinistry of Finance has asked insurers to stop introducing and selling insurancepackages related to COVID-19.
This request, issued late onMarch 31, includes life and non-life insurance in compliance with the PrimeMinister’s Directive No 16/CT-TTg on urgent measures to prevent and fight thedisease.
The directive “requests insurancebusinesses not to introduce or launch products related to COVID-19”, theministry said, and asked firms to strictly adhere to the directive throughouttheir networks, while refraining from the use of images of COVID-19 tooffer insurance packages.
Many insurers had recentlylaunched a number of insurance packages covering the deadly virus withattractive costs and benefits. Some business also teamed upwith commercial banks to launch anti-COVID products.
However, there has alsobeen public discontent because some people are not eligible to buy insurance.
After the request, VASSAssurance Corporation announced it was halting its Corona Care productsfrom April 1 nationwide.
In a letter to customerson March 31, the company said for customers who had purchased insurance, itwould fulfill all its responsibilities as specified in the contractsand create alternative products for customers.
Other providers such asPVI Insurance Corp, Posts and Telecommunications Insurance, and MilitaryInsurance have also reportedly announced they will cancel salesof anti-COVID products, but pledged to fulfill their commitmentsto customers who have already purchased packages./.
VNA
