LPBank Hai Duong Insurance strives for revenue increase of over 47%

Revenue from motor vehicle insurance premiums of LPBank Insurance Corporation - Hai Duong Branch regularly accounts for 40% of total revenue (documentary photo)

Although Tet is usually the month with the lowest revenue of the year, the revenue of January 2025 of LPBank Insurance Corporation - Hai Duong Branch grew strongly for the first time, reaching over 2.2 billion VND, an increase of over 20% compared to January 2024. The growth of the enterprise mainly comes from collecting premiums for motor vehicle insurance products; technical property insurance, construction works...

This year, LPBank Insurance Corporation - Hai Duong Branch sets a revenue target of 58.8 billion VND, nearly 1.5 times higher than in 2024. In which, the product groups with high proportion are motor vehicles, construction works, technical infrastructure, people...

In 2024, the branch's revenue from insurance products reached VND40 billion, an increase of over 31% over the previous year. The average compensation rate was 43%. In particular, personal insurance for teachers and students had the highest compensation rate, about 45% of total insurance premiums.

The above results were achieved because the unit attracted customers to participate in a number of products such as "Credit and health insurance" for credit borrowers; hospital support insurance; "Death Insurance - Accident 240"...

Source: https://baohaiduong.vn/bao-hiem-lpbank-hai-duong-phan-dau-doanh-thu-tang-tren-47-404913.html