Bảo hiểm số MIC
- Company typePrivate
- Founded2007
- HeadquartersHanoi, Vietnam
- Headcount—
- GTM typeB2C
- OfferingServices
Bảo hiểm số MIC firmographics
Firmographics- Name
- Bảo hiểm số MIC
- Legal name
- Tổng Công ty Cổ phần Bảo hiểm Quân đội
- Website
- https://baohiem.mic.vn
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Ownership category
- akta.pro rank
Where Bảo hiểm số MIC is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
Bảo hiểm số MIC business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Premium Collection: MIC generates revenue through collecting insurance premiums from policyholders across multiple product lines including vehicle insurance (car and motorcycle), health insurance, property insurance, and travel insurance. Premiums are collected on annual or multi-year basis depending on product type.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Motor vehicle third-party liability insurance with coverage up to 150 million VND |
| Subscription | Annual | Motorcycle third-party liability insurance - mandatory coverage |
| Subscription | Annual | Health insurance MIC Care covering inpatient, outpatient, dental, maternity and cancer |
| Subscription | Monthly | Comprehensive home insurance covering structure, contents, and third-party liability |
| Subscription | Annual | Cancer insurance providing lump sum payment upon diagnosis |
| Other | Pay-as-you-go | Global travel insurance covering medical expenses, trip cancellation, and baggage |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
Bảo hiểm số MIC product offering
Product offeringCore offering
Bảo hiểm số MIC is the digital insurance channel of Military Insurance Joint Stock Corporation (MIC), selling non-life insurance products — including motor vehicle, health, travel, home, and personal accident cover — directly to consumers through the baohiem.mic.vn website and the App MIC mobile application. The platform enables end-to-end online policy purchase, e-contract issuance, and online claims notification, supported by a nationwide partner service network of hospitals, garages, banks, and other ecosystem partners.
Product overview
Bảo hiểm Quân đội MIC (Military Insurance Corporation) is a Top 5 non-life insurance company in Vietnam established in 2007, offering a comprehensive digital insurance platform through its online portal and mobile app. The product portfolio includes motor insurance (mandatory third-party liability for cars and motorcycles, plus physical damage coverage), health insurance (MIC Care with hospitalization/outpatient/dental/maternity, Cancer insurance, and Vững tâm sống khỏe), travel insurance (domestic and global coverage valid for visa applications), home insurance, and personal accident insurance. The digital platform enables online policy purchase, instant e-certificate issuance (within 30 seconds), online claims processing, and access to a network of 200+ hospitals for cashless health claims and 1,500+ garages for auto claims. The company serves over 2 million customers, insures 1+ million vehicles, pays 700+ billion VND in claims annually, and maintains 98-99% customer satisfaction.
Differentiator
Problem solved
Functional benefit
Brands
- MIC Care: Bảo hiểm sức khỏe MIC Care - Health insurance providing coverage for inpatient, outpatient, dental, and maternity benefits, covering children from 15 days old to adults up to 70 years old.
Products and services
- Bảo hiểm Ô tô / Xe máy (Motor Insurance) Voluntary and compulsory motor vehicle insurance for individual car and motorcycle owners in Vietnam, purchased online and serviced through a network of 1,500+ partner garages for claims and repairs.
- Bảo hiểm Sức khỏe (Health Insurance) Personal health insurance covering hospitalization, outpatient treatment, surgery, and related medical expenses for individual policyholders and their families, with cashless service at network hospitals.
- Bảo hiểm Du lịch (Travel Insurance) Travel insurance for individual leisure and business travellers, covering medical emergencies, trip interruption, lost baggage, flight delay, and personal liability during travel.
- Bảo hiểm Nhà (Home Insurance) Property insurance for homeowners and tenants covering damage to the dwelling and household contents from fire, theft, flood, explosion, and other insured perils.
- Bảo hiểm Tai nạn cá nhân (Personal Accident Insurance) Personal accident insurance paying fixed benefits in case of accidental death, permanent or partial disability, and reimbursing accident-related medical costs for the insured individual.
Quantifiable outcome
- 99% customer satisfaction rate with online claims service
- +3 more outcomes
Companies that use Bảo hiểm số MIC
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles1 record
Bảo hiểm số MIC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Bảo hiểm số MIC partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- MB (Military Bank)coreMB Bank partnership for distribution of insurance products through banking channel, leveraging MB's customer base and branch network across Vietnam.
- Vietnam AirlinescorePartnership for distribution of travel insurance products through Vietnam Airlines booking channels, targeting air travelers requiring coverage for international trips.
- MCreditminorConsumer finance partner for distribution of insurance products, particularly targeting customers seeking credit-linked insurance coverage.
- VinMeccoreHealthcare partner for hospital guarantee services, allowing MIC insurance customers to access medical treatment at VinMec hospitals with direct billing for claim processing.
- Viettel PostminorLogistics partner for distribution and customer service reach, leveraging Viettel Post's extensive network for insurance product distribution in rural areas.
- MedlateccoreHealthcare partner providing hospital guarantee services and medical examination network for MIC Care health insurance policyholders, enabling cashless treatment at partner facilities.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Bảo hiểm số MIC competitors and assessment
Company assessmentDirect peers
- Tập đoàn Bảo Việt (BaoViet Holdings): Vietnam's largest insurance group offering comprehensive non-life and life insurance products. Directly competes with MIC across vehicle, health, and property lines, and represents the market leader MIC is chasing for Top 5 positioning.
- Tổng Công ty Bảo hiểm PVI (PVI Insurance): One of Vietnam's top non-life insurance companies offering motor, health, property, and industrial insurance products. Direct competitor to MIC with similar product portfolio and enterprise/B2B customer base.
- Tổng Công ty Bảo hiểm Bảo Minh (Bao Minh Insurance): Established Vietnamese non-life insurer with comparable product portfolio in vehicle, property, and health insurance. Direct competitor to MIC in the same Top-tier non-life segment of the Vietnamese market.
- Tổng Công ty Bảo hiểm PJICO: Vietnamese non-life insurer affiliated with Petrolimex, offering motor, property, and commercial insurance products. Direct competitor to MIC with similar product mix and target customer segments.
- Tổng Công ty Bảo hiểm Bưu điện (PTI): Vietnamese non-life insurer offering motor, health, and property insurance with strong distribution through Vietnam Post network. Comparable to MIC in product offering and channel-driven distribution approach.
- Liberty Insurance Limited (Vietnam): Foreign-affiliated non-life insurer operating in Vietnam, offering motor, health, and property insurance products. Direct competitor to MIC with similar product mix and consumer/SMB target segments.
- Tổng Công ty Bảo hiểm BIDV (BIC): Vietnamese non-life insurer affiliated with BIDV bank, leveraging bancassurance distribution model. Comparable to MIC in insurance product offerings and the digital/branch distribution approach via banking partnership.
- Bảo hiểm Bảo Long (Bao Long Insurance): Vietnamese non-life insurance company providing motor, health, and property coverage. Direct competitor to MIC in the Vietnamese non-life market with overlapping customer segments and product lines.
- Generali Vietnam: Vietnamese arm of global insurer Generali offering life and non-life insurance products. Comparable to MIC as a foreign-affiliated insurer operating in the same Vietnamese market with overlapping customer segments.
Broad incumbents
- Lemonade: Global digital-first insurance company operating on mobile app distribution and AI-driven underwriting. Comparable to MIC's digital-first strategy and serves as a benchmark for insurtech transformation in the consumer insurance space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Bảo hiểm số MIC social profiles
Digital presenceBảo hiểm số MIC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bảo hiểm số MIC leadership team
Management profileNumber of profiles
Bảo hiểm số MIC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bảo hiểm số MIC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bảo hiểm số MIC
What does Bảo hiểm số MIC do?
Bảo hiểm số MIC is the digital insurance channel of Military Insurance Joint Stock Corporation (MIC), selling non-life insurance products — including motor vehicle, health, travel, home, and personal accident cover — directly to consumers through the baohiem.mic.vn website and the App MIC mobile application. The platform enables end-to-end online policy purchase, e-contract issuance, and online claims notification, supported by a nationwide partner service network of hospitals, garages, banks, and other ecosystem partners.
Is Bảo hiểm số MIC a public or private company?
Bảo hiểm số MIC is a private company. It is classified as public and is currently operating.
When was Bảo hiểm số MIC founded?
Bảo hiểm số MIC was founded in 2007.
Where is Bảo hiểm số MIC based?
Bảo hiểm số MIC is headquartered in Hanoi, Vietnam, in the Asia region.
How does Bảo hiểm số MIC make money?
One revenue line is on record: insurance Premium Collection.
Who are Bảo hiểm số MIC's main competitors?
Direct peers on record are Tập đoàn Bảo Việt (BaoViet Holdings), Tổng Công ty Bảo hiểm PVI (PVI Insurance), Tổng Công ty Bảo hiểm Bảo Minh (Bao Minh Insurance), Tổng Công ty Bảo hiểm PJICO, Tổng Công ty Bảo hiểm Bưu điện (PTI), Liberty Insurance Limited (Vietnam), Tổng Công ty Bảo hiểm BIDV (BIC), Bảo hiểm Bảo Long (Bao Long Insurance) and Generali Vietnam. Lemonade is listed as a broad incumbent.
Does Bảo hiểm số MIC have an API?
No public API is recorded for Bảo hiểm số MIC.