Secure Your Future With the 5 Best Life Insurance Providers in Vietnam
As adults, we often worry about what will happen if the unexpected hits — not just to us but to our family as well. Alongside long-term stability, we should also make plans for our security.
Getting life insurance in Vietnam gives us the safety net that we need, so that whatever happens to us, our loved ones are taken care of. So, stop having second thoughts and start planning.
Now might be the time to take a closer look at these providers that can greatly help you secure you and your family’s future.
How much does life insurance cost in Vietnam?
Annual premiums for life insurance in Vietnam can cost between 5 million VND to 40 million VND, depending on the age, health, policy details, and other factors.
1. Manulife Life Insurance
Address: 29 P. Nguyễn Đình Chiểu, Lê Đại Hành, Hai Bà Trưng, Hà Nội
Phone: +84763566566
Business hours: Monday to Friday, 8:30 AM–5:30 PM
Manulife is among the top-ranked life insurers in Vietnam and has been serving the country since 1999. It offers a broad range of insurance products for both individuals and businesses.
For life insurance, their offerings cover various needs from basic protection to investment and retirement planning.
If you’re prioritizing simple life protection, Manulife offers two types of traditional plans: term life insurance and whole life insurance.
Term life provides insurance for a specific period of time, and a death benefit is paid off if the insured dies during the term. Meanwhile, Whole life insurance provides lifetime protection, and the cash value built over time can be used for emergencies.
Group life insurance is also available for businesses and their employees.
Overall, Manulife is a great choice, especially if you’re looking for a reputable and high-asset insurance company that offers comprehensive insurance policies.
The only drawback here is the mis-selling scandal in 2022 to 2023 that prompted a government investigation. The company promptly addressed the issue to restore trust, but some people still have doubts.
Great
“High-quality insurance.”
Vu Nguyen Huu, Google Reviews
One of the best
“If you are interested in life insurance, then Manulife is here as an option to consider!”
Jason Timble, Google Reviews
2. Phu Hung Life Insurance
Address: 109 Đ. Tôn Dật Tiên, Tân Phú, Quận 7, Hồ Chí Minh
Phone: +842854137199
Business hours: Monday to Friday, 8 AM–5:30 PM
Phu Hung has a focus on providing life protection and financial security to Vietnamese families and businesses through its insurance and investment products.
The company offers a range of life insurance products that can be tailored to meet various needs, from basic protection to more comprehensive plans for specific goals.
In 2025, Phu Hung Life launched “Phu Hung Ven Toan,” of “Complete Protection”. It’s a 3-in-1 plan that combines basic life insurance, savings components, and customization.
Additionally, Phu Hung also offers investment-linked plans that combine basic life insurance with an investment component, where a portion of the premium is invested in a Universal Life Fund that can potentially grow over time.
Other target-specific products include education plans and retirement plans.
Phu Hung Life may be a new player in the industry, but its growth is stable. Their network is continuously expanding in Central Vietnam, and they have a positive image locally.
Nice
“Professional and friendly working style. Excellent customer support system. This is a very reliable place to invest in yourself in the future.”
Duy Thuong Bui, Google Reviews
Great
“Enthusiastic and dedicated consultants, life insurance products are very suitable for my needs.”
Hung Nguyen, Google Reviews
3. Sun Life
Address: Vietcombank Tower Saigon, 5 Công trường Mê Linh, Bến Nghé, Quận 1, Hồ Chí Minh
Phone: +842862985888
Business hours: Monday to Friday, 8:30 AM–5:30 PM
Sun Life is another leading life insurance company in Vietnam that’s backed by a global group. It offers a range of life, health, and pension solutions for individuals and businesses.
The company offers three types of life insurance: term life insurance, permanent life insurance, and investment-linked life insurance (VUL). These products can be tailored for specific goals and help clients achieve lifetime financial security.
Getting life insurance at Sun Life comes with a lot of benefits. For example, many policies, especially the permanent ones, feature emergency loans, supplementary benefits, money-back features, and more.
To add, Sun Life has also invested in digital tools to enhance customer service and make interactions smoother for both ends.
Overall, Sun Life is a great option, especially if you’re looking for flexible product options with great benefits.
However, Sun Life had also faced some regulatory issues in 2024 that led to a temporary suspension from issuing new contracts. So, it’s strongly advised that customers must thoroughly understand the terms and conditions of any contract.
Great service
“Smooth service, super helpful staff, and always there when it counts. Totally worth it.”
Thao Van, Google Reviews
4. Chubb Life
Address: Tòa nhà Sun Wah, 115 Nguyễn Huệ, Bến Nghé, Quận 1, Hồ Chí Minh
Phone: +842838278989
Business hours: Monday to Friday, 8:30 AM–5:30 PM
Chubb Life is an international insurance company that’s been operating in Vietnam since 2005. Their life insurance products primarily focus on providing flexible plans for protection, savings, and investment goals.
Their most notable product is Universal Life Insurance. This policy combines both life protection and savings, offering both a death benefit and growing wealth.
Another interesting offer is the “Chubb – Freedom and Happiness,” a more comprehensive protection + savings solution that covers ages one month to 65 years and a contract term of up to 99 years.
Chubb is the ideal option if you’re looking to commit to long-term plans. And since they also have online and digital tools, claims and other processing are more convenient.
Just expect the premiums to be a little higher because of the combos.
Great
“Attentive insurance consultant. Quick procedures for settling hospital fees. I believe in buying a lifetime financial insurance policy for the whole family.”
Nguyen Khanh Minh, Google Reviews
5. Cathay Life
Address: 46-48-50 Phạm Hồng Thái, Phường Bến Thành, Quận 1, Hồ Chí Minh
Phone: +841900636993
Business hours: Monday to Friday, 8:30 AM–5:30 PM
Cathay Life is a Taiwanese firm that branched out to Vietnam in 2008. Its insurance offerings are targeted towards individuals and families looking for financial security, savings, or preparing for inevitable life events.
The firm offers several options for its life insurance product. The first one is the Universal Life Insurance, a life protection + savings combo.
There’s also the “Thin An Hoan My,” which is specifically designed for women and provides benefits for pregnancy and childbirth.
Most of these plans include endowment assurance and can provide a lump sum amount at maturity.
One thing that needs improvement, though, is digital engagement. Although they do invest in digital tools to make customer service more efficient, their mobile application frequently crashes.
Has everything you need
“The company has many financial protection insurance solutions to suit the diverse needs of customers.”
Tung Tran Thanh, Google Reviews
Good
“Good company, friendly and enthusiastic staff.”
Thi Hoang Vlog, Google Reviews