LPBank Hai Duong Insurance achieves 25% increase in revenue

In the 2024-2025 school year, LPBank Insurance Corporation - Hai Duong Branch paid nearly 4.8 billion VND in insurance benefits to 2,907 teachers and students at risk.

Specifically, by May 20, LPBank Insurance Corporation - Hai Duong Branch had achieved revenue of 15 billion VND, including 3 billion VND in new exploitation fees, both up 25% over the same period last year. This year, the unit strives to achieve insurance premium revenue of more than 50 billion VND, up 26% compared to the results achieved in 2024.

The above results are due to the branch increasing its motor vehicle physical damage insurance products and third-party civil liability insurance, with 65% of total insurance premium revenue. Also since the beginning of this year, the unit has participated in insuring a number of traffic infrastructure projects such as the Kim Anh - Kim Lien inter-commune road upgrade project, the bridge and approach roads at both ends of the Kim Lien - Kim Tan bridge (Kim Thanh); upgrading and expanding a number of inter-commune roads in Ninh Giang district...

Motor vehicle physical damage insurance products account for a large proportion of insurance premium revenue of LPBank Insurance Corporation - Hai Duong Branch.

LPBank Insurance Corporation - Hai Duong Branch is also an active participant in the teacher and student accident insurance market. In the 2024-2025 school year, the unit issued products and collected a total insurance premium of nearly 15 billion VND. Since the beginning of the school year, the branch has received and paid nearly 4.8 billion VND in insurance benefits for 2,907 cases of teachers and students having accidents or falling ill.

On the evening of March 15, 2025, while turning due to darkness and poor visibility, the car with license plate 34A-84503 collided with a pile of bricks on the side of the road in Thanh Thuy commune (Thanh Ha). The owner of this car was promptly paid insurance benefits by LPBank Insurance Corporation - Hai Duong Branch.

From February 1, 2024, when Xuan Thanh Insurance Joint Stock Corporation officially changed its name to LPBank Insurance Joint Stock Corporation, Hai Duong Branch also changed its transaction name to LPBank Insurance Joint Stock Corporation - Hai Duong Branch.

Source: https://baohaiduong.vn/bao-hiem-lpbank-hai-duong-dat-doanh-thu-tang-25-412021.html