Total market value of health insurance industry has grown rapidly over the years at a CAGR of 17.4% for the period 2010 – 2016e.
Public health insurance accounted for about 80% of the market value of health insurance, however, the distribution ratio was declining. The proportion of people participating in health insurance has continued to increase over the years.
Health insurance overspending has increased over the years. Currently, most high-tech, high-cost services are being covered by health insurance.
Revenue from health insurance premium in Vietnam has continued to grow over the years. The number of life insurance contracts in Vietnam has continued to grow over the years. In fact, the percentage of people owning an insurance policy is still very low.
Currently, Vietnamese people are tending to choose practical products.
Currently, there are 5 main sales channels used by major health insurance companies. In order to create favorable conditions for customers, insurance companies have developed many payment methods of insurance premium.
Cash and bank transfer are the most common methods used by businesses to compensate
However, health insurance market still faces many challenges
– Bao Viet Group
– PVI Insurance
– Dai-ichi life