Chubb – Tu Do An Phat is a strategic financial solution that combines Chubb Life’s new-generation Unit-Linked Insurance product with a wide range of superior attached products, designed to meet customers’ diverse protection and wealth accumulation needs.
By harmonizing robust risk protection with opportunities to enhance asset value in line with market performance, Chubb – Tu Do An Phat empowers customers to proactively plan finances for the family breadwinner, build a solid future foundation for their children, confidently pursue personal goals, and enjoy life with peace of mind—on their own terms.
Unique Selling Point
- Flexible Sum Assured Multiplier design
Enables customers to proactively choose a financial strategy aligned with their needs—whether prioritizing protection, investment, or a balance combination—depending on their life goals and stages. - Automatic increase in Face Amount
The Face Amount will be automatically increased on the Policy anniversaries of the 10th and 20th policy years, helping to preserve long-term protection value against inflation and unforeseen risks. - Up to 25% increase in Face Amount
Applicable at important life milestones without medical underwriting, enhancing customer experience and reinforcing the humanistic value of the product. - Comprehensive protection solution with diverse Attached products
Customers can easily build a personalized “financial and health protection shield,” ranging from medical care, accident coverage, hospitalization, critical illness protection to extra life coverage. - Enhanced Long-Term Wealth Accumulation Efficiency
Through the Loyalty bonus at the 10th and 20th policy years, supporting customers in accumulating assets and remaining committed to their long-term financial plans.
Important Information for Customers
Benefit Name |
Details |
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1. Death benefit |
Upon the death of the Life Assured, Chubb Life will pay:
Option A The higher of [Death Face Amount and Target Account Value], plus the Excess Account Value.
Option B
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2. Funeral Support Benefit |
Upon receipt of valid documents for the Death Benefit claim, Chubb Life will advance a payment equal to 10% of the Death Face Amount (up to VND 30 million). |
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3. Total and Permanent Disability (TPD) Benefit
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If the Life Assured (LA) suffers Total and Permanent Disability (TPD) before attaining 75 years of age, Chubb Life will pay the following benefits: a. 10% of the TPD Face Amount (maximum VND 100 million) if the LA suffers TPD as a result of being diagnosed with early-stage thyroid cancer. b. If the LA suffers TPD due to:
Chubb Life will pay as follows: Option A Option B
In the event that the LA suffers TPD due to being diagnosed with end-stage thyroid cancer, Chubb Life will deduct any amount previously paid under the TPD Benefit due to early-stage thyroid cancer (if applicable). A waiting period of 90 days applies in cases where the LA suffers bodily impairment of 81% or more due to illness leading to TPD. |
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4. Automatic Increase in Face Amount
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During the policy term, on the policy anniversary of Policy Year 10 and Policy Year 20, the Death Face Amount and the TPD (Total and Permanent Disability) Face Amount will automatically increase by an amount equal to 25% of the Face Amount as at the Policy Effective Date. |
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5. Investment Benefit
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The Policy Owner is entitled to benefits arising from the actual investment performance (after deduction of the Fund Management Fee) of the selected Investment Fund(s) and shall bear all investment risks associated with such Fund(s). The actual investment performance is reflected through the Policy Account Value, in which:
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6. Loyalty bonus |
On the policy anniversary of Policy Year 10 and Policy Year 20, Chubb Life will pay the Loyalty bonus by crediting an additional amount to the Excess Account Value, calculated as a percentage (%) of the total risk charges deducted, as follows:
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7. Maturity Benefit |
Upon policy maturity, 100% of the Policy Account Value will be paid. |
GENERAL INFORMATION CUSTOMERS SHOULD NOTE
Entry Age |
From 1 month old up to 70 years old. |
Policy Term |
Up to age 99. |
Premium Term
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· Equal to the Policy Term. · Must-pay period: First 3 policy years. · Excess premiums must meet the minimum and maximum limits set by Chubb Life and cannot exceed 5 times the Target Premium of the current policy year. |
Premium Payment Frequency
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Annual / Semi-annual / Quarterly. |
- Customers should pay premiums on time to ensure the policy remains in force with full benefits. The policy will lapse if (i) premiums are not fully and timely paid during the first 3 policy years and/or (ii) the Account Value is insufficient to cover the deduction charges.
- Customers are advised to carefully read the Terms, Conditions, and Provisions of the Universal Life Insurance Product to fully understand the exclusions.
- Free-look period: Customers have 21 days (from the date of receipt of the policy) to reconsider their decision.
- Life insurance is a long-term commitment, and customers are advised not to terminate the policy early, especially within the first five (05) policy years, as early termination charges are relatively high.
- The policy is subject to various deductible charges, including Initial Charges, Policy Administration Fees, Cost of Insurance, Fund Management Fees, and others. Detailed information is specified in Article 17, Section B of the Terms and Conditions of the Chubb – Tu Do An Phat Insurance Policy.
- New fund unit prices are published periodically every Friday on Chubb Life’s website at:
https://www.chubb.com/vn-vn/customer-service/unit-price-notice.html - While the policy remains in force, the Policy Owner may request the following common policy services, including but not limited to: Increase of Face Amount for special life events; Designation and change of investment allocation; Fund switching; Partial withdrawal from Account Value; Designation and change of Beneficiary; Policy termination; Policy reinstatement; Change of Face Amount/Target Premium; Addition or termination of Rider products; Excess premium payments, etc.
Exclusions
Chubb Life will not pay insurance benefits if Life Assured’s event occurs due to any of the following reasons:
1. In the case of death:
a) Suicide, attempted suicide, or intentional self-inflicted injury, regardless of mental state.
b) HIV infection, AIDS, or diseases related to HIV/AIDS.
c) Illegal use of drugs or other addictive substances.
d) Execution of a death sentence.
e) Intentional acts by the Life Assured, Policy Owner, or Beneficiary.
f) Any additional insurance liability exclusions as notified by Chubb Life to the Policy Owner where the Life Assured is accepted for coverage on a conditional basis.
2. In the case of Total and Permanent Disability:
a) Suicide, attempted suicide, or intentional self-inflicted injury, regardless of mental state.
b) Participation in aviation activities, except as a passenger or crew member on regular flights.
c) Pre-existing conditions, unless fully and accurately disclosed in the insurance application and accepted by Chubb Life.
d) Illnesses diagnosed, treated, or with medical evidence during the waiting period.
e) Intentional acts by the LA, Policy Owner, or Beneficiary.
f) Any additional insurance liability exclusions as notified by Chubb Life to the Policy Owner where the Life Assured is accepted for coverage on a conditional basis.
For further details, please refer to Article 8, Section B of the Terms and Conditions of the Chubb – Tu Do An Phat Insurance Policy.