(HBO) – ABIC Hanoi, a branch of the Agriculture Bank Insurance joint Stock Corporation, and representatives of the Agribank branches in Hoa Binh province and Tan Lac district have presented 70 million VND (over 3,000 USD) under bancassurance to two families whose members borrowing money at Agribank Tan Lac were killed in a landslide in Khanh hamlet of Phu Cuong commune on early October 12.

ABIC Hanoi said shortly after being notified of the deaths, it worked to pay compensation and ensure its clients’ relevant interests.

 It paid 40 million VND (over 1,700 USD) to the family of Dinh Cong Bang and 30 million VND (over 1,300 USD) to the family of Dinh Cong Huynh. Some members of these households, which borrowed 70 million VND from Agribank Tan Lac, were killed in the landslide in Khanh hamlet.

 To help local residents overcome losses, ABIC Hanoialso supported 12 families in the hamlet with 1 million VND apiece.


 Representatives of ABIC Hanoi present financial aid to 12 families in Khanh hamlet of Phu Cuong commune (Tan Lac district).

 ABIC Hanoi plans to pay up to 470 million VND (nearly 20,700 USD) under bancassurance to customers who borrowed money at Agribank but were killed in floods in Hoa Binh province.


 ABIC Hanoi gives 70 million VND to the two bereaved families whose members were customers of Agribank Tan Lac.

 Agribank Tan Lac also presented 10 million VND in flood relief to the district’s authorities to help local families surmount flood consequences.


 Agribank Hoa Binh hands over financial aid to families in Khanh commune of Phu Cuong commune (Tan Lac district).

 Since the beginning of 2017, ABIC Hanoi has paid 6.5 billion VND (286,000 USD) in compensation to 283 Hoa Binh clients who bought insurance but sustained injuries or died. It is handling 23 other cases with total planned compensation of nearly 1.2 billion VND (52,800 USD). Under bancassurance alone, it has compensated 159 cases with about 5.7 billion VND (250,800 USD). The customers who got compensation were covered by insurance through the Agribank network in Hoa Binh./.

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