Agribank Kien Giang Insurance pays Credit Security over 300 million VND

An Giang Agribank Kien Giang Insurance has just paid more than 300 million VND in Credit Security insurance benefits to 2 customers who unfortunately encountered risks during the loan period.

The An Giang Regional Business Department (Agribank Kien Giang Insurance) recently collaborated with the Xuan To Transaction Office (Agribank Tinh Bien An Giang branch) to pay out credit insurance benefits to representatives of two customer families in An Giang province. These individuals unfortunately experienced health and life-threatening situations while borrowing from the bank.

Agribank Kien Giang Insurance Company pays out credit insurance benefits to the families of two customers in Tinh Bien ward (An Giang province). Photo: Minh Khuong.

Customer Huynh Van Ruong, residing in Phu Cuong hamlet, Tinh Bien ward ( An Giang province), participated in Credit Security with a fee of 1,800,000 VND/365 days. When an incident occurred, his family received a total of nearly 205 million VND, including 200 million VND in basic benefits, nearly 3 million VND in interest support, and 2 million VND in funeral expense support.

The second case involves customer Le Xuan Chuong, residing in Xuan Binh hamlet, Tinh Bien ward (An Giang province), who participated in Credit Security Insurance with a premium of 900,000 VND/365 days. His family received 102 million VND in insurance benefits, including 100 million VND in basic benefits and 2 million VND in funeral expense support.

These timely payments not only help customers' families overcome immediate difficulties but also clearly demonstrate the role of Credit Security Insurance – a voluntary insurance product implemented by Agribank to protect borrowers from unexpected risks.

In the context of agricultural production still fraught with risks and income dependent on seasons, participating in insurance is not only a preventative measure but also a crucial financial "shield" for millions of farming households.

Paying out claims promptly, in full, and on time has always been a top priority for Agribank Insurance, ensuring the legitimate rights of policyholders. This is also Agribank's consistent commitment throughout its journey of supporting rural communities, from providing loan assistance and protecting borrowers to sharing the burden when unforeseen events occur.

With the motto "Agribank Insurance – Responsibility and Sharing," Agribank continues to affirm its pioneering role in providing safe and humane financial solutions, contributing to helping people confidently develop their family economies and stabilize their lives.

Source: https://nongnghiepmoitruong.vn/bao-hiem-agribank-kien-giang-chi-tra-bao-an-tin-dung-hon-300-trieu-dong-d787877.html