Limit of insurance protection fund is VND 200 million per contract
This content is prescribed at the Circular No. 101/2013/TT-BTC guiding the management and use of insurant protection fund. Accordingly, For life insurance contracts, the Fund shall pay for up to 90% of the liability of the life insurance companies, but the amount must not exceed 200 million VND/policyholder/contract. Where a life insurance contract covers multiple […]