Hanwha Life

What Hanwha Life does

Hanwha Life Vietnam (Công ty TNHH Bảo Hiểm Hanwha Life Việt Nam) is a wholly-owned subsidiary of Hanwha Life (Korea), itself part of the Hanwha Group conglomerate. Established in 2008 under license 51GP/KDBH issued by Vietnam's Ministry of Finance and headquartered in Ho Chi Minh City, the company offers individual and group life insurance products including unit-linked policies (Đồng Hành Sống Thỏa Chất), traditional participating whole-life products (Đồng Hành Vững Bước, Hanwha Life - Người Bạn Đồng Hành, Bảo An Trọn Đời, Bảo Gia Vện Toàn, Đồng Hành Thịnh Vượng), and an extensive rider suite covering critical illness (100 diseases), cancer protection at any stage, accident, hospitalization, and waiver of premium. Group insurance is sold to corporate clients as employee benefit packages.

The business is built on a multi-channel distribution platform: a captive agency force of over 38,000 financial advisors across 142+ customer service points, bancassurance partnerships with Vietbank (since 2021) and KienlongBank (134 branches), and a master agency relationship with TC Advisors (nearly 30 offices) signed in February 2016. Digital distribution is handled through e.hanwhalife.com.vn and the Hanwha Life+ mobile app, while an online customer portal supports e-policy issuance, e-payment, and auto underwriting. The May 2026 launch of H-Planner, an AI-powered advisor application, marks the company's first explicit AI deployment, focused on advisor productivity through data visualization and scenario simulation.

Revenue is generated primarily through recurring individual and group insurance premiums, supplemented by investment returns from the insurance float (VND 1,420+ billion in 2025, up 12.81% YoY) and bancassurance distribution fees. Total assets exceeded VND 22,847 billion at end-2025, with a 433% solvency margin (over 4x the regulatory minimum), VND 4,891 billion of invested capital, and a seventh consecutive year of profitability with pre-tax profit over VND 606 billion. Claims paid approached VND 3,000 billion in 2025 (7% YoY growth), consistent with a maturing and growing policy book.

Name

Hanwha Life

Legal name

Công ty TNHH Bảo Hiểm Hanwha Life Việt Nam

Website

https://hanwhalife.com.vn

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hanwha Life Vietnam is a Ho Chi Minh City-based life insurer offering individual and group life, health, cancer, and accident products, distributed through 38,000+ agents, bancassurance partners Vietbank and KienlongBank, and digital channels, serving Vietnamese individuals, families, and corporate employee groups.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Life Insurance (6311), Accident & Health Insurance (6321)

akta.pro primary industry

Whole Life Insurance (FSAIABAA)

akta.pro secondary industries

Whole Life / UL Policy Riders & Add-ons (e.g., Waiver of Premium, Accidental Death, Child Term, LTC/Chronic Illness) (FSAIABAK), Universal Life (UL) Insurance (FSAIABAB), Taft-Hartley / Union Multiemployer Group Health Plans (FSAIAFAG)

Keywords

• Life insurance products
• Unit-linked insurance
• Bancassurance distribution
• Health and cancer protection
• Group insurance plans

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Individual Life Insurance Premiums: Recurring premium income from individual life insurance policies including unit-linked, whole life, term life, and health/cancer protection products
2. Group Insurance Premiums: Premium income from group insurance products for employees, including health, accident, and hospitalization coverage
3. Bancassurance Distribution Fees: Revenue sharing and distribution fees from bank partnership channels (Vietbank, KienlongBank)
4. Investment Returns: Financial revenue from investment activities, reported as VND 1,420+ billion in 2025 (12.81% increase YoY)

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Hanwha Life Vietnam is a life insurance company that sells individual and group life, health, accident, and cancer insurance products to Vietnamese consumers and corporate clients. It distributes unit-linked, traditional participating, and whole life policies through a multi-channel network of 38,000+ financial advisors, bancassurance partners (Vietbank, KienlongBank), TC Advisors agency, and digital channels including the Hanwha Life+ mobile app and online sales portal. The company also offers investment-linked savings products and riders covering critical illness, hospitalization, and premium waivers.

Product overview

Hanwha Life Vietnam operates as a life insurance company offering a comprehensive portfolio of insurance products distributed through multiple channels including agents, bank partnerships (bancassurance), and digital platforms. The core product lineup includes unit-linked insurance (Đồng Hành Sống Thỏa Chất), traditional participating insurance (Đồng Hành Vững Bước, Hanwha Life - Người Bạn Đồng Hành), and whole life products (Bảo An Trọn Đời, Bảo Gia Vẹn Toàn). The portfolio is supplemented by an extensive range of rider products covering critical illness (100 diseases, cancer protection), hospitalization, accident, and waiver of premium benefits. Group insurance products serve corporate clients through employee benefit programs. Digital operations are supported by the Hanwha Life+ mobile application and the AI-powered H-Planner advisory tool. The company distributes through agent channels, bank partnerships (Vietbank, KienlongBank), and organizational agency partners (TCA).

Differentiator

Problem solved

Functional benefit

Brands

• Hanwha Life+: Mobile application platform used for customer engagement, contests, and financial services (Dear 20's competition held on this platform).
• H-Planner

Products and services

• Đồng Hành Sống Thỏa Chất (Unit-Linked Insurance) Unit-linked life insurance product combining life coverage with investment in linked funds, allowing policyholders to participate in fund performance while maintaining protection. Targeted at Vietnamese individuals seeking combined protection and investment growth.
• Đồng Hành Vững Bước (Traditional Participating Insurance) Traditional participating life insurance with savings and protection features, offering stable returns and comprehensive coverage for families. Designed for Vietnamese families seeking long-term savings with life protection.
• Hanwha Life - Người Bạn Đồng Hành (Cancer Protection) Traditional life insurance product with cancer protection at any stage, simplified underwriting requiring only 3 health questions, and coverage up to 175% of sum insured. Targeted at Vietnamese individuals seeking cancer protection with simplified issuance.
• Đồng Hành Thịnh Vượng Life insurance product with a 5-year premium payment period and protection extending to age 80, combining accumulation benefits with prosperity bonuses for family financial planning. Targeted at Vietnamese customers seeking short premium payment with long-term coverage.
• Bảo An Trọn Đời (Whole Life Insurance) Whole life insurance product providing permanent coverage throughout the policyholder's lifetime. Targeted at Vietnamese individuals and families seeking lifetime protection.
• Bảo Gia Vẹn Toàn (Family Whole Life Insurance) Family whole life insurance offering comprehensive protection for the entire family with single and regular premium payment options. Targeted at Vietnamese families seeking multi-member coverage.
• Bảo Hiểm 100 Bệnh Hiểm Nghèo (Critical Illness Insurance)

Quantifiable outcome

• 7 consecutive years of profitability
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Vietbank (Ngân hàng thương mại cổ phần Việt Nam Thương Tín)coreChannel Partner/ Reseller/ Distributor · 1 January 2021Bancassurance partnership signed in 2021. Vietbank pursues growth alongside effectiveness for sustainable development, aiming to become a leading modern retail and multi-functional bank in Vietnam. Products distributed: Bảo An Trọn Đời, Bảo Gia Vẹn Toàn, Đồng Hành Sống Thỏa Chất.
• TC Advisors (TCA) - Công ty Cổ phần TC AdvisorscoreChannel Partner/ Reseller/ Distributor · 1 February 2016Master insurance agency partnership signed February 2016. TCA provides financial safety and risk management solutions to millions of Vietnamese families. Features 'one touch, two layers protection' model. Committed to customer benefits with independent stance. Nearly 30 offices and hundreds of claims centers nationwide.
• KienlongBank (Ngân hàng thương mại cổ phần Kiên Long)coreChannel Partner/ Reseller/ DistributorBancassurance partnership with KienlongBank - one of banks with extensive network of 134 transaction points nationwide. Ranked in top 500 largest enterprises for multiple years. Products distributed: Hanwha Life - Người Bạn Đồng Hành with cancer protection.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AIA Vietnam: Top-tier foreign-affiliated life insurer in Vietnam offering individual life, health, accident and group products via agency and bancassurance. Direct head-to-head competitor with overlapping target customers and distribution approach.
• Prudential Vietnam: One of the largest life insurers in Vietnam, offering similar whole life, unit-linked, health and group products via an agency-led and bancassurance model. Directly comparable foreign-affiliated life insurance competitor.
• Manulife Vietnam: Major foreign-affiliated life insurer in Vietnam with comparable individual and group life, savings, and health products distributed through agents and bank partners. Closely comparable business model and product set.
• Dai-ichi Life Vietnam: Japanese-affiliated life insurer in Vietnam offering traditional whole life, endowment, and health riders with multi-channel distribution. Closely comparable products and bancassurance-heavy distribution.
• Sun Life Vietnam: Foreign-affiliated life insurer competing in the same Vietnamese individual and group life market with similar whole life, unit-linked and health protection offerings.
• Chubb Life Vietnam: Foreign-affiliated life insurer offering similar whole life, term, critical illness and accident products in Vietnam, distributed through agency and bank channels.
• FWD Life Vietnam: Hong Kong-based life insurer operating in Vietnam with comparable digital-led distribution and similar individual life/health protection products targeting younger consumers.

Peers

• Bảo Việt Nhân thọ (BaoViet Life):

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hanwhalifevn

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hanwha Life